BLVD Capital is a privately held real estate investment company founded on the basis of value investing philosophies, focusing on distressed, opportunistic, value-add and niche market real estate assets. Within these classes, BLVD typically targets underperforming properties that often require significant renovations and hands-on management to realize the assets’ full potential.
BLVD constantly assesses market conditions and end-user demand in order to identify short and long-term inefficiencies and arbitrage opportunities. Subsequent to identifying broader market opportunity, BLVD applies a methodical four-pronged approach to set the stage for realizing superior returns:
1) Source opportunities with an attractive basis or potential for outsized upside while retaining an acceptable margin of safety;
2) Perform disciplined diligence to identify key opportunities and risks;
3) Closely manage the execution of the business plan and adjust based on moving market conditions; and
4) Monitor the market to identify changing market metrics in order to identify the appropriate time to exit the asset.
BLVD and its principals have a proven track record of successfully investing in over $3 billion of properties across multiple strategies and a current portfolio of $1 billion in assets.
People
- Robert Budman, Managing Principal
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