In 2008, Berengaria Development was founded as the real estate arm of Marcus Investments, providing development services to retail companies across the US.
Since then, the firm has evolved into a private real estate investment and asset management business having been involved in over $700M of real estate transactions and built a portfolio of assets under management currently totaling over $300M.
In early 2023, Berengaria Development was rebranded as Marquee Capital. Today Marquee Capital manages over 1.85M square feet of retail assets with 90%+ occupancy, a portfolio of seniors housing assets with over 560 units and various joint ventures with sponsors of opportunistic investments.
Avg Occupancy of Retail Assets
Historical Avg IRR
Historical Avg MOIC
* Historical Avg IRR and MOIC include unrealized investments with estimated future cash flows and terminal values based on estimated market conditions as of Q1-2023.
Real estate team assembled under Marcus Investments.
Preferred developer for Goodwill Industries working in 17 states with 90+ developments completed.
First syndication of outside capital in a retail redevelopment.
First stabilized cash flowing retail asset acquired ($30M purchase in Valparaiso, IN).
First ground up seniors housing development started.
Marcus RE Fund I opens with ~$20M; focused on stabilized cash flowing retail assets.
Marcus RE Fund I substantially deployed with ~30M of side car investments allowing for diversification. Senior housing portfolio grows to 560 units with operations in WI, IL, OH, IN, GA, NC and TX.
Focus on low-cost basis, responsible leverage, optionality and downside protection.
GENERATE CURRENT INCOME
Distribution of cash flow incrementally mitigates risk contributing to strong
Monetizing assets after creating value within them offers a chance to realize gains and mitigates risk through market cycles.
Constantly adjusting as unique circumstances often produce investment opportunity.
Pursue opportunities that avoid concentration of risk in a particular asset, tenant, geography or operating partner.
PROTECT THE REPUTATION
Off-market opportunities are the result of decades-old relationships and a reputation for acting with integrity and perseverance.
301 N Broadway, Suite 300, Milwaukee, WI, 53202