Creating value through strong partnerships with aligned interests
Suffolk Ventures, an affiliate of Suffolk Construction, is an investment vehicle created to partner with real estate developers. Suffolk Ventures invests in select projects across the country that can meet the organization's targeted investor returns.
Leveraging Suffolk’s unique expertise and position in the industry, Suffolk Venture’s mission is to assist developers in their pre-construction raising of capital and pre-development process. We partner with and invest in developers who have a proven track record of success within specific real estate asset classes and geographic markets.
With support from Suffolk's industry-leading estimating and "plan and control" teams, and by investing side-by-side with developers at the general partner level, Suffolk Ventures provides value by cultivating a de-risked development process that offers greater predictability and budget certainty, increased profitability and surety of execution for all stakeholders.
Suffolk Ventures' decisions are made by an independent, seasoned Investment Committee using a multi-disciplined, systematic evaluation process:
Capital is made available to best-in-class operators, developers and real estate sponsors that have superior management, strong track records, local market expertise, the highest levels of integrity and unique projects.
For eligible deals, Suffolk Ventures will invest at the developer GP level to fund identified pre-development and development costs.
Suffolk Ventures provides strategic value to partners that results in a clear, disciplined and efficient development plan and budget. Because we enter the value creation chain early, Suffolk Ventures is able to improve feasibility and introduce developers to more efficient, less expensive construction approaches that maximize overall developer profit.
Suffolk Ventures supports projects throughout the development process including providing access to its vast network of real estate industry resources and expertise to further enhance execution.
Developers benefit from:
Aligned interests, including early access to Suffolk’s pre-development expertise
Efficient earlier-stage access to capital Certainty of Close
Potential to grow into a programmatic relationship
PROCESS AND BENEFITS
Rigorous, industry-leading processes to manage performance and risk
Exceptional projects in diverse asset classes and geographies
RESIDENCE INN -BERKELEY
Location: Berkeley, CA
Property Type: Limited Service Hotel
Size: 287,160 gross square feet
Rooms / Keys: 329
Development Partner: Pyramid Hotel Group