Uncovering Value in Traditional and Niche Asset Classes

Sculptor Real Estate invests in both opportunistic real estate private equity and real estate credit in the U.S. and Europe. Founded in 2003, Sculptor Real Estate has raised approximately $4.1 billion of dedicated real estate capital and has completed more than 135 transactions across 22 diverse real estate asset classes.

The integration with Sculptor Capital’s broader platform is a competitive advantage that enhances our ability to generate unique investment opportunities and improves access to proprietary transaction networks that are less trafficked by traditional real estate investors.

Established Platform

Opportunistic Real Estate
$2.7 billion

Total commitments across the opportunistic real estate platform

Real Estate Credit
$886 million

Total commitments in real estate credit

Total commitments across the opportunistic real estate platform

Total commitments in real estate credit

This information is presented as of September 30, 2019.

Differentiated Approach

Our approach is rooted in flexibility, creativity and a healthy dose of skepticism. Many real estate private equity investors are often highly concentrated in a limited number of cities and product types. Such concentration often limits diversification and overlooks compelling alternative opportunities.

In contrast, we seek to build portfolios that are balanced between traditional and niche asset classes, employing moderate leverage, using creative structures and targeting high cash-on-cash returns. As active investors supported by dedicated, internal asset management professionals, we maintain a strong focus on monetization once we have achieved our business plans.

Real Estate Leadership

Steve Orbuch Founder and President, Sculptor Real Estate

Nicholas Hecker Chief Investment Officer, Sculptor Real Estate

Joshua Kirkham Co-Head of North American Real Estate

Cory Perlstein Co-Head of North American Real Estate

Nicole Sermier Head of Residential Investments

Mark Schwartz Head of Gaming Investments and Head of North American Real Estate Credit

David Law Co-Head of European Real Estate Investments

Boris Michev Co-Head of European Real Estate Investments

Historical Allocations

We pursue opportunities across a wide range of geographies and asset classes. Today, Sculptor Real Estate has completed more than 135 transactions across 22 diverse real estate asset classes, including lodging, multifamily, gaming, distressed residential, cell towers, senior housing, parking and golf courses, among others. Through this broad mandate, approximately 64% of Sculptor Real Estate's invested capital has been deployed in non-traditional asset classes.

Affordable Housing 2%
Cell Towers 2%
Condominium 6%
Convenience Stores & Gas Stations 5%
Debt 3%
Residential 5%
Gaming 18%
Golf 1%
Healthcare 1%
Hotel 17%
Industrial 5%
Land Entitlement 1%
Manufactured Housing 0%
Multifamily 6%
Office 4%
Parking 1%
Resort 3%
Retail 4%
Senior Housing 9%
Ski Resort 4%
Specialty Residential 2%
Stadium / Exhibition 1%
  • 2%
    Affordable Housing
  • 2%
    Cell Towers
  • 6%
    Condominium
  • 5%
    Convenience Stores & Gas Stations
  • 3%
    Debt
  • 5%
    Residential
  • 18%
    Gaming
  • 1%
    Golf
  • 1%
    Healthcare
  • 17%
    Hotel
  • 5%
    Industrial
  • 1%
    Land Entitlement
  • 0%
    Manufactured Housing
  • 6%
    Multifamily
  • 4%
    Office
  • 1%
    Parking
  • 3%
    Resort
  • 4%
    Retail
  • 9%
    Senior Housing
  • 4%
    Ski Resort
  • 2%
    Specialty Residential
  • 1%
    Stadium / Exhibition

This information is presented as of September 30, 2019 and is being provided for illustrative purposes only. There can be no assurance that Sculptor Real Estate will be able to identify or acquire investments in any particular asset classes or in any particular concentration or ratio. Actual allocation of assets may vary significantly from the Sculptor Real Estate historical allocations presented, and will depend on Sculptor Real Estate's evaluation of available investment opportunities.

Sample Investments

Real Estate Credit

The intersection of our real estate and credit expertise led to the launch of our real estate credit platform. Real estate credit invests in a range of products including first lien loans, mezzanine loans, b-notes, ground leases and other credit investments. The Firm has extensive experience in real estate credit, investing in private North American real estate credit investments since 2007.

 

Important Information and Disclosures

THIS VIDEO IS FOR INFORMATIONAL PURPOSES ONLY AND SHOULD NOT BE RELIED UPON AS INVESTMENT OR OTHER PROFESSIONAL ADVICE. This video has been prepared by Sculptor Capital Management, Inc. (together with its affiliates, “Sculptor Capital”), and the information contained herein is not intended to be taken by, and should not be taken by, any individual recipient as investment, legal, accounting, tax or other professional advice, a recommendation to buy, hold or sell any security, or an offer to sell or a solicitation of offers to purchase any security; no fiduciary, advisory or client relationship is created through this video. For information about Sculptor Capital’s business, including risks and financial information, please refer to our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission.

NEITHER THIS VIDEO NOR ANY OF THE INFORMATION HEREIN CONSTITUTES AN OFFER OF OR SOLICITATION FOR ANY SCULPTOR CAPITAL FUND. Offers or solicitations for an investment in an investment fund managed or sponsored by Sculptor Capital (a “Fund”) only occur through a confidential private placement memorandum and related purchase documentation, and subject to the terms and conditions contained in such documents and in such Fund’s operative agreements. Those who access this video or any information contained herein do so at their own initiative and are responsible for compliance with local laws or regulations.

THIS VIDEO IS NOT A RECOMMENDATION FOR ANY SECURITY OR PORTFOLIO COMPANY. References to any portfolio companies and asset classes are intended to illustrate the application of Sculptor Capital’s investment process only and should not be used as the basis for making any decision about purchasing, holding or selling any securities. Nothing herein should be interpreted or used in any manner as investment advice.

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. Any past performance of Sculptor Capital or any Fund or portfolio company discussed in this video is not necessarily indicative of the performance of any other Fund, portfolio company or of Sculptor Capital as a whole, and you should not assume that investments in the future will be profitable or will equal the performance of past investments.

DO NOT RELY ON ANY OPINIONS, PREDICTIONS OR FORWARD-LOOKING STATEMENTS CONTAINED HEREIN. Certain of the information contained in this video may constitute “forward-looking statements” that are inherently unreliable and actual events or results may differ materially from those reflected or contemplated herein. “Forward-looking statements” often include words such as “anticipates,” “estimates,” “projects,” “intends,” “plans,” “believes,” and terms of similar substance. Forward-looking statements are inherently susceptible to uncertainty and changes in circumstances and actual results may diverge materially from those in Sculptor Capital’s forward-looking statements. None of Sculptor Capital or any of its representatives makes any assurance as to the accuracy of any such predictions or forward-looking statements. Sculptor Capital expressly disclaims any obligation or undertaking to update or revise any such forward-looking statements.

Any views or opinions expressed herein reflect the views and opinions of the participants as of the date it was recorded and such views and opinions are subject to change without notice. Sculptor Capital has no obligation to update the information contained herein.

EXTERNAL SOURCES. Certain information contained herein may be based on or derived from information provided by independent third-party sources. Although Sculptor Capital believes such information is accurate and the sources from which it has been obtained are reliable, we have not independently verified the assumptions on which such information is based and therefore make no representation as to its accuracy or completeness.

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