Opportunities in Co-Invest Office
Group RMC is one of the largest private office landlords in the US with over 18 million square feet across 12 States and expects to capitalize on enormous upcoming opportunities.
Mike Mangione from Group RMC will report from the office real estate trenches and speak to how the 21 million square foot office portfolio has fared during the pandemic, as a major real estate owner in non-gateway markets. In addition to providing the pulse of office real estate, Group RMC will share why the next few years will be an opportunity of a lifetime to acquire real estate due to a few factors.
- 40 - 60% discount from replacement cost
- Properties with a stable tenant base where many are prime tenants
- Occupancy of not less than 55% with potential to increase to 85 - 90%
- Acquisition yields (or cap rate) between 7 - 10%
- Ability to implement strong management and leasing teams
- Group RMC - One Pager SummaryGroup RMC - One Pager Summary.pdf131 kB
Speakers
Michael Mangione
- Title
- Director, Family Offices and Advisor Relations @
- Company
- Group RMC
- Role
- Speaker
Michael is the Director of Family Offices and Advisor Relations at Group RMC. He is responsible for establishing, developing and maintaining business relationships with Family Offices and Investment Advisors. He is also responsible for marketing the business in Canada and in the US. Michael graduated with a Bachelor of Commerce with a concentration in accounting from Concordia University. He holds the CPA, CMA designation.
Michael Corcelli
- Title
- Managing Member @
- Company
- FLAIA
- Role
- Speaker
Mr. Corcelli is the Founder & Chairman of the FLAIA and has played a critical role in stablishing the vision and building the management team for the FLAIA. In addition to his work with the FLAIA, he is a Managing Partner at Alexander Alternative Capital, LLC based in Miami. Prior to joining Alexander Alternative Capital, Michael worked for UBS AG where he was responsible for portfolio management and tactical asset allocation for private clients of UBS Global Wealth Management & Business Banking. Michael holds a Bachelor of Science degree from the University of Miami where he studied Business with a focus in Finance.
About
FLAIA
FLAIA is an open access platform of alternative investments for institutions, wealth advisors, family offices, RIAs, and accredited investors. General Partners gain access to a vertically integrated digital & traditional fintech marketplace. Investors gain access to special opportunities, educational webcasts and digital events. All of our digital events, educational content and alternative investment opportunities are available in one place under a single sign on.
Group RMC
Group RMC is a real estate Co-Investment group based in New York, Montreal and Columbus that invests in and is the general partner in undervalued income-producing office properties in non-gateway U.S. markets. Group RMC currently oversees over 21M square feet in the US, principally in the Midwest, representing over USD $2.5 Billion in asset value.