Sue Homberg

Specialty apparel chain

Functions as a College/University

JPB Real Estate Partners Management Co. (JPBREP) seeks to provide superior value for tenants, investors, partners, lenders and the firm, through well-planned, well-managed and well-executed real estate projects. The firm focuses on investments in commercial property and land located within a 90-mile radius of the Baltimore/Washington Corridor and along Mid-Atlantic coastal region and the Gulf Coast region. JPBREP's real estate investment activities include: (1) commercial acquisitions (2) land acquisitions (3) commercial development and (4) land development. When considering acquisitions of existing assets, JPBREP employs 2 investment strategies: (1) distressed/undervalued assets and (2) market dynamics. The firm's distressed/undervalued assets acquisition strategy seeks higher returns than many other traditional real estate investors. JPBREP looks for opportunities that appear challenging to traditional investors, but offer the potential to achieve higher than expected returns through a value-added approach. For this strategy, the firm considers the following asset classes: (1) office properties including mid-rise Class B and C properties, with or without significant vacancy (2) Class B and C retail properties, with or without significant vacancy and (3) rehabilitation opportunities. JPBREP seeks to identify these types of opportunities in downtown, suburban or rural areas located within a 60 mile radius of Columbia, Maryland. JPBREP's market dynamics real estate investment strategy consider Class A real estate investments in asses that meet some or all of the following criteria: (1) properties that are located in fast growing market place (2) properties with strong infrastructure in place (3) properties with barriers to entry make market penetration difficult and (4) properties with long-term sustainability. The firm considers opportunities such as these in suburban and rural areas located within a 60 mile radius of Columbia, Maryland. In addition to acquiring existing assets, JPBREP also acquires land for residential and commercial development. The firm looks for land investment opportunities in regions with economic indicators that indicate the potential for long-term residential growth. They work to establish relationships with local planning and zoning staff, legal counsel, engineering consultants, developers, brokerage firms, zoning boards and other organizations that can assist in identifying land development opportunities with the potential for success. JPBREP also looks for local operating partners with strong local ties. The firm's land investment efforts focus on the Southeastern and Mid-Atlantic regions of the US, but they also consider other regions where market dynamics suggest new growth opportunities. JPBREP's real estate investment activities also include the development of Class A office, flex, multi-family and retail projects in marketplaces where companies have an established presence. The firm develops properties on their own or in partnership with land owners, developers, general contractors and real estate brokers. Through joint venture projects, JPBREP helps companies achieve competitive advantages through lower construction costs, lower land basis' and in-house management and leasing functions. In addition, JPBREP provides clients with a variety of real estate consulting services including the following: (1) general consulting of real estate operations including consolidations/expansions, sale-lease-backs, build-to-suit transactions and buy versus lease decisions (2) contract and lease review and negotiations (3) buy-side and sell-side representation and negotiation (4) third-party financings (5) marketing (6) site selection and (7) property management.