Uncovering Value in Traditional and Niche Asset Classes

Oz Real Estate invests in both opportunistic real estate private equity and real estate credit in the U.S. and Europe. Founded in 2003, Oz Real Estate has raised approximately $3.8 billion of dedicated real estate capital and completed more than 115 transactions across 20 diverse real estate asset classes.

The integration with Oz Management’s broader platform is a competitive advantage that enhances our ability to generate unique investment opportunities and improves access to proprietary transaction networks that are less trafficked by traditional real estate investors.

Established Platform

Opportunistic Real Estate
$2.7 billion

Total commitments across the opportunistic real estate platform

Real Estate Credit
$736 million

Total commitments in real estate credit

Total commitments across the opportunistic real estate platform

Total commitments in real estate credit

This information is presented as of September 30, 2018.

Differentiated Approach

Our approach is rooted in flexibility, creativity and a healthy dose of skepticism. Many real estate private equity investors are often highly concentrated in a limited number of cities and product types. Such concentration often limits diversification and overlooks interesting alternative opportunities, likely enhancing risk.

In contrast, we seek to build portfolios that are balanced between traditional and niche asset classes, employing moderate leverage, using creative structures and targeting high cash-on-cash returns. As active investors supported by dedicated, internal asset management professionals, we maintain a strong focus on monetization once we have achieved our business plans.

Real Estate Leadership

Steve Orbuch Founder and President, Oz Real Estate

Nicholas Hecker Chief Investment Officer, Oz Real Estate

Joshua Kirkham Co-Head of North American Real Estate Investments, Oz Real Estate

Cory Perlstein Co-Head of North American Real Estate Investments, Oz Real Estate

Nicole Sermier Head of Residential Investments, Oz Real Estate

Mark Schwartz Head of Gaming Investments and Co-Head of North American Real Estate Credit, Oz Real Estate

Daniel Wurwarg Co-Head of North American Real Estate Credit, Oz Real Estate

Sameer Dalamal Head of European Real Estate Credit, Oz Real Estate

David Law Co-Head of European Real Estate Investments, Oz Real Estate

Boris Michev Co-Head of European Real Estate Investments, Oz Real Estate

Historical Allocations

We pursue opportunities across a wide range of geographies and asset classes. Today, Oz Real Estate has completed more than 115 transactions across 20 diverse real estate asset classes, including lodging, multifamily, gaming, distressed residential, cell towers, senior housing, parking and golf courses, among others. Through this broad mandate, approximately 63% of Oz Real Estate's invested capital has been deployed in non-traditional asset classes.

Affordable Housing 2%
Cell Towers 3%
Condominium 3%
Convenience Stores & Gas Stations 4%
Debt 4%
Distressed Residential 4%
Gaming 20%
Golf 1%
Healthcare 1%
Hotel 16%
Industrial 6%
Land Entitlement 1%
Multifamily 6%
Office 4%
Parking 2%
Resort 4%
Retail 3%
Senior Housing 9%
Ski Resort 5%
Specialty Residential 2%
  • 2%
    Affordable Housing
  • 3%
    Cell Towers
  • 3%
    Condominium
  • 4%
    Convenience Stores & Gas Stations
  • 4%
    Debt
  • 4%
    Distressed Residential
  • 20%
    Gaming
  • 1%
    Golf
  • 1%
    Healthcare
  • 16%
    Hotel
  • 6%
    Industrial
  • 1%
    Land Entitlement
  • 6%
    Multifamily
  • 4%
    Office
  • 2%
    Parking
  • 4%
    Resort
  • 3%
    Retail
  • 9%
    Senior Housing
  • 5%
    Ski Resort
  • 2%
    Specialty Residential

This information is presented as of September 30, 2018 and is being provided for illustrative purposes only. There can be no assurance that Oz Real Estate will be able to identify or acquire investments in any particular asset classes or in any particular concentration or ratio. Actual allocation of assets may vary significantly from the Oz Real Estate historical allocations presented, and will depend on Oz Real Estate's evaluation of available investment opportunities.

Sample Investments

Real Estate Credit

The intersection of our real estate and credit expertise led to the launch of our real estate credit platform. Real estate credit invests in a range of products including first lien loans, mezzanine loans, b-notes, ground leases and other credit investments. The Firm has extensive experience in real estate credit, investing in private North American real estate credit investments since 2007.

 

Important Information and Disclosures

THIS VIDEO IS FOR INFORMATIONAL PURPOSES ONLY AND SHOULD NOT BE RELIED UPON AS INVESTMENT OR OTHER PROFESSIONAL ADVICE. This video has been prepared by Och-Ziff Capital Management Group LLC (together with its affiliates, “Oz Management”), and the information contained herein is not intended to be taken by, and should not be taken by, any individual recipient as investment, legal, accounting, tax or other professional advice, a recommendation to buy, hold or sell any security, or an offer to sell or a solicitation of offers to purchase any security; no fiduciary, advisory or client relationship is created through this video. For information about Oz Management’s business, including risks and financial information, please refer to our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission.

NEITHER THIS VIDEO NOR ANY OF THE INFORMATION HEREIN CONSTITUTES AN OFFER OF OR SOLICITATION FOR ANY OZ MANAGEMENT FUND. Offers or solicitations for an investment in an investment fund managed or sponsored by Oz Management (a “Fund”) only occur through a confidential private placement memorandum and related purchase documentation, and subject to the terms and conditions contained in such documents and in such Fund’s operative agreements. Those who access this video or any information contained herein do so at their own initiative and are responsible for compliance with local laws or regulations.

THIS VIDEO IS NOT A RECOMMENDATION FOR ANY SECURITY OR PORTFOLIO COMPANY. References to any portfolio companies and asset classes are intended to illustrate the application of Oz Management’s investment process only and should not be used as the basis for making any decision about purchasing, holding or selling any securities. Nothing herein should be interpreted or used in any manner as investment advice.

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. Any past performance of Oz Management or any Fund or portfolio company discussed in this video is not necessarily indicative of the performance of any other Fund, portfolio company or of Oz Management as a whole, and you should not assume that investments in the future will be profitable or will equal the performance of past investments.

DO NOT RELY ON ANY OPINIONS, PREDICTIONS OR FORWARD-LOOKING STATEMENTS CONTAINED HEREIN. Certain of the information contained in this video may constitute “forward-looking statements” that are inherently unreliable and actual events or results may differ materially from those reflected or contemplated herein. “Forward-looking statements” often include words such as “anticipates,” “estimates,” “projects,” “intends,” “plans,” “believes,” and terms of similar substance. Forward-looking statements are inherently susceptible to uncertainty and changes in circumstances and actual results may diverge materially from those in Oz Management’s forward-looking statements. None of Oz Management or any of its representatives makes any assurance as to the accuracy of any such predictions or forward-looking statements. Oz Management expressly disclaims any obligation or undertaking to update or revise any such forward-looking statements.

Any views or opinions expressed herein reflect the views and opinions of the participants as of the date it was recorded and such views and opinions are subject to change without notice. Oz Management has no obligation to update the information contained herein.

EXTERNAL SOURCES. Certain information contained herein may be based on or derived from information provided by independent third-party sources. Although Oz Management believes such information is accurate and the sources from which it has been obtained are reliable, we have not independently verified the assumptions on which such information is based and therefore make no representation as to its accuracy or completeness.

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