What Does It Take to “Buy Right”?

Parkin: “It’s really this combination of relationships, structuring expertise, diverse capital access, trust, decisiveness, and focus that secure us compelling opportunities.”

NEWPORT BEACH, CA—Buying right is about seeing what others don’t and being unafraid to be a contrarian; using relationships to capture off-market deal flow and capitalize on the still-inefficient nature of real estate—and more, Cress Capital LLC’s managing partner Ryan Parkin tells GlobeSt.com. The firm recently acquired more than 800,000 square feet of office and flex industrial space in Southern California and Colorado in two transactions for a total consideration of approximately $110 million.

Cress acquired the Prospect Portfolio, a 23-building office and flex industrial portfolio totaling more than 500,000 square feet in Fort Collins, CO. The firm also acquired Sandpointe, two office buildings totaling more than 300,000 square feet less than one mile from John Wayne Airport in Orange County.