Navigator Real Estate Group, a Minnesota limited liability company (the "Company" or "we") was formed in 2005 to operate as a real estate holding and investment company. Since its inception, the company has been successful in its pursuit of real estate investment opportunities. To date, the Company has invested in over $200,000,000 worth of assets through a number of acquisitions. Today, the company is lead by its founding principal, Patrick Egan.
The Company's core purpose is to acquire and hold commercial real estate while actively matching its investors with the proper risk/return real estate investments, considering all facets of investment analysis including cash flow, income tax consequences, capital appreciation opportunity, tenant risk, market trends, and many other factors. We maintain an inventory of exceptional real estate investment opportunities from core (low risk) to opportunistic (high risk) located within select secondary and tertiary cities in specific regions throughout the U.S. The Company believes that investment opportunities in these particular markets are favorable because they are often overlooked by many institutional investors, resulting in less competition among buyers for properties. However, the Company will not be limited to only investing in these markets.
Navigator continuously searches for high quality real estate products across all asset classes including office, industrial, retail, residential, and mixed use. Navigator will act as a principal buyer, a co-developer or a financial partner, as the situation dictates. A typical investment ranges from $15,000,000 to $80,000,000. We work exclusively with reputable and accomplished developers, brokers and property managers to create superior risk adjusted returns.
With the real estate industry continuing to grow, and the stock market's persistent turbulence, buyers are saturating the market, directly resulting in an overly competitive environment and record-setting pricing. Adding another level of complication, the increase in Tenant In Common "TIC" ownership strategies has allowed the growth of a completely new investment vehicle which focuses on tax savings rather than strong underwriting fundamentals. This has led to continued high pricing. As the demand for product increases, but the cost of financing remains at record lows, investment returns for real estate most likely will remain tight and competitive. However, there is significant pressure to raise interest rates, which will require even more expertise in order to be successful.
The current economic crisis will provide many opportunities to acquire high quality assets at a significant discount to replacement costs.