Defensive, Total-Return Portfolio Construction
The firm’s track record of investing in multifamily housing is both fundamentals and research-driven, with a disciplined focus on compelling investment opportunities supported by durable demographic and market trends. Kingbird maintains a strong commitment to principal and downside risk protection throughout its investment process. The approach is defensive, offensive, and cycle-resilient.
Against the backdrop of the structural, long-term support for rental housing, Kingbird employs a differentiated, flexible allocator strategy to capitalize on different expansion/contraction cycles in U.S. markets to target the strongest risk-adjusted returns, investing across the capital stack alongside local partners to create geographically and structurally diversified portfolios designed to balance downside protected returns with upside oriented opportunistic returns.
Multifamily Portfolio Overview
Disciplined Investment Process
Market Research
Sourcing
Underwriting
Structuring & Closing
Portfolio & Asset Management
Exit
Managing Risk through the Capital Structure
As an active investment and asset manager focused on creating value and capturing asymmetric upside, Kingbird invests its own capital alongside its investors to capitalize on market inefficiencies and mis-priced risk to target stable cash flow and value appreciation, emphasizing downside risk and principal protection. Distinct from traditional investment platforms, to achieve the strongest risk-adjusted return, Kingbird selectively and flexibly deploys capital in the appropriate capital stack position for any given investment opportunity, actively structuring LP, GP, Co-GP, Preferred Equity, Mezzanine, Hybrid Equity and Mezzanine, and Structured Debt positions.