With more than 25 years of principal investing experience combined with a decade of energy and technology work, GreenGen is uniquely positioned to identify and capture value relating to energy and building systems relative to other investors. In the past decade and across more than 300 projects, we have added asset value from $500,000 to more than $15,000,000 and in excess of $1 psf of annual EBITDA. If a project is energy impaired or contains older equipment past the end of its useful life, we can invest in the property and capture value in a way others cannot.
Green Generation Properties (GGP) focuses on acquiring assets that have antiquated building systems and above market operating expenses in the US. We seek to acquire assets that have utility consumption that is well in excess of their peers in their asset classes and markets. Our expertise is in both real estate and implementing energy efficiency solutions will enable GGP to lower operating costs and increase asset value during a relatively short hold period.
Mid-Atlantic and New England (DC to Boston), California, Texas, Chicago (markets with high utility costs and lower than average cap rates)
$15MM to $100MM
Seeking total control and ownership exceeding 90% of asset value
Investment Hold Period
Opportunistic and value-added – 13% to 20% IRR over the hold period
Class B and C assets in need of renovation and/or under-managed assets that have had minimal capital investment in recent years including commercial office, medical/healthcare, senior living, student housing, hotels, multi-family, and single tenant and NNN.
50,000 to 500,000 ft2 buildings with minimal leasing risk and rent rolls with longer average terms; primary focus would be on assets with full service, modified gross, or base year lease terms.
80+ units with an above average operating company; independent living assets in Top 40 MSAs will be considered
100+ units located adjacent to schools with at least 8,000 full-time students (undergraduate and graduate)
200+ keys in city or suburban locations, preference for older assets with trailing a 24-month average occupancy in excess of 70%; extended-stay and limited, select and full-service assets will be considered; assets under long-term management agreements will be considered as well
100+ units located in city or suburban locations, preference for older assets with gross leases
75,000 ft2 or greater, single-tenant assets with at least five years of lease term remaining; preference for warehouses, flex, and retail