- Adaptive reuse
- Asset repositioning
- Distressed note purchase
- Lease up
- New construction
- Recapitalizations
- Renovations
About
Milestone Partners provides Co-GP capital to sponsors to help fund their general partner interest in opportunistic joint venture real estate transactions.
About
Risk profiles & strategy
Target asset classes
Investment terms
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Milestone’s national Co-GP investment platform pursues opportunistic investments across the US, including:»
Milestone’s national Co-GP investment platform invests in a wide variety of asset classes, including:- Hospitality
- Land
- Mixed Use
- Multifamily
- New Construction
- Office
- Retail
- Senior Housing
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Milestone offers bespoke investment terms subject to the following conditions:- Milestone is a dedicated Co-GP Capital Fund and does not provide LP equity
- Milestone does not lend or invest capital in debt like structures
- Milestone seeks value add and opportunistic deal level returns
- Milestone makes Co-GP invesments ranging from $100M to $5MM+
- Milestone’s typical target hold period is 3-5 years with a 10 year max deal horizon
About
Sponsors that have a track record of obtaining opportunistic returns
Sponsors that demonstrate local market expertise
Sponsors that possess a deep wealth of knowledge for a given asset class
Sponsors that utilize sophisticated underwriting and reporting methods
Sponsors that are established firms seeking programmatic GP capital
Sponsors that are startups with highly experienced management teams
Sponsors that are successful middle market operators seeking to expand capital relationships as their volume and deal size grows
Sponsors should have established GP capital sources that require capital for a specific transaction outside of their normal investment parameters
About
Cost of capital
Flexible structure
Certainty of close
Efficiency
Dependable Capital
Relationships
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Milestone provides sponsors institutional capital at a similar or better cost of capital relative to syndicated “country club” or high net worth dollars.
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Milestone will make GP investments as low as $100,000 up to $10MM + and has the flexibility and discretion to utilize a wide array of deal structures as appropriate for a given investment.
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Firms that can demonstrate existing capital commitments from institutional firms like Milestone Partners are viewed more favorably than those that cannot. Sellers will often take lower bids from more qualified sponsors because they are more likely to close if awarded the deal. Firms that bid with conditional or as yet determined capital sources are viewed as less capable of reliably transacting and are, subsequently, awarded deals less frequently and at inferior terms.
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Sponsors can fund their GP position with a single investment from Milestone eliminating the time and effort necessary to syndicate a GP capital raise through traditional multi-investor channels.
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Milestone Partners is extraordinarily well capitalized and can be counted on to meet all of our sponsor’s capital needs.
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Milestone Partners has existing relationships with debt and equity capital as well as 3rd party providers of legal, construction, and environmental services that sponsors can leverage to lower costs and improve execution of their business plan.
About
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William C. Wells
Founder and CEO
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David Kim
Partner
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Jerry Fink
Partner
William C. Wells
Founder and CEO
William Wells is the founder and CEO of Milestone Partners.
Prior to founding Milestone Mr. Wells was a member of the real estate investments team for Fortress Investment Group’s credit funds, where he focused on making opportunistic joint venture real estate equity investments. Before that, he was a member of the investment team for Wells Fargo’s (NYSE: WFC) Real Estate Capital Investments group where he underwrote and managed opportunistic joint venture real estate equity investments. Prior to his time at Wells Fargo, he began his career in commercial real estate investment as an acquisitions intern at The Bascom Group.
Mr. Wells holds dual bachelor’s degrees in philosophy and religion from Biola University’s School of Arts and Sciences, an MBA from the University of Southern California Marshall School of Business, and an MS in Real Estate Development from the Massachusetts Institute of Technology’s Center for Real Estate. He is currently completing an MS in Civil Engineering from the University of Southern California Viterbi School of Engineering. Mr. Wells serves on alumni boards for both Biola University and MIT.
David Kim
Partner
David S. Kim is a co-founder and Managing Partner of The Bascom Group, LLC.
Bascom has completed over $12.9 billion in multi-family and commercial value-added transactions since 1996 including 515 multifamily transactions and 140,000 units. Bascom has ranked among the top 50 multifamily owners in the U.S. Bascom’s subsidiaries and joint ventures include the Southern California Industrial Fund, Rushmore Properties, Bascom Portfolio Advisors, Shubin Nadal Associates, Spirit Bascom Ventures, REDA Bascom Ventures, MHF RM Holdings, Bascom Northwest Ventures, Bascom Arizona Ventures, Harbor Associates, Village Partner Ventures, and the Realm Group. Bascom’s subsidiaries also include Premier Business Centers, the largest privately held executive suite company in the U.S.
Mr. Kim holds a Bachelor of Business Administration degree in Real Estate & Urban Land Economics and in Marketing from the University of Wisconsin-Madison, and has attended executive level programs at the Massachusetts Institute of Technology. He often serves as guest lecturer at the University of Wisconsin-Madison, University of Colorado, University of Southern California, and the University of California at Los Angeles and Irvine.
Mr. Kim was a recipient of the Real Estate Conference Group’s Apartment Executive of the Year in 2004, Orange County Business Journal’s Entrepreneurship of the Year Award in 2010, and was recognized in the 2011 Multi-Family Executive Magazine. In 2016, Mr. Kim was awarded with the prestigious Entrepreneur of the Year Award by Ernst & Young.
Jerry Fink
Partner
Jerome A. Fink is a co-founder & Managing Partner of The Bascom Group, LLC.
Mr. Fink holds a Bachelor of Science in Electrical and Computer Engineering and a Master of Business Administration in Real Estate and Finance from the University of Wisconsin-Madison. He is a member of the Institute of Real Estate Management (IREM) and Turnaround Management Association (TMA). Mr. Fink is a licensed real estate broker in the state of California, a Certified Commercial Investment Member (CCIM), a Certified Property Manager (CPM), a Certified Mergers & Acquisitions Advisor (CM&AA), and a Certified Turnaround Professional (CTP).
He has appeared as a guest speaker at various functions, including those for the Urban Land Institute, University of California Los Angeles and Irvine, University of Southern California, and other assorted industry events. Mr. Fink previously served on the Board of Directors for the Wisconsin Real Estate Alumni Association and is currently a member of the USC Lusk Center for Real Estate Executive Committee. He has previously served on the board for the Young Presidents Organization (YPO) California Coast chapter and is currently a member of the World Presidents Organization (WPO).
In 2004, Mr. Fink was awarded the Apartment Executive of the Year by the Real Estate Conference Group, the industry’s largest and most prestigious multifamily conference on the West Coast, and was later awarded the Rising Star award by the University of California Irvine Center for Real Estate in 2008. Mr. Fink was also recognized in the 2011 Multi-Family Executive Magazine. In 2016, Mr. Fink was awarded the Ernst & Young Entrepreneur of the Year.
