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Multifamily Equity Capital Turns Away from Ground-Up Builds

Dekel Strategic Investors is trading ground-up multifamily deals, where there may be some softness in rental rate growth, for value-add and core-plus strategies.

Shlomi Ronen Shlomi Ronen is the managing principal and founder of Dekel Capital.

Dekel Strategic Investors, a division of Dekel Capital, is shifting its multifamily equity capital strategy to focus on value-add and core-plus deals. The firm is moving away from ground-up development, which it says no longer offers an attractive risk-reward profile. The new strategy will continue to make small balance equity investments ranging in size from $5 million to $15 million using 65% leverage. We sat down with Shlomi Ronen, managing principal at Dekel Capital to talk about the strategic shift and what he is looking for in a deal.

GlobeSt.com: How have you expanded your equity capital platform?

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Kelsi Maree Borland

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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