The firm has formed partnerships with JDH Capital and BellkorRealty Group: respectively, a developer focused on grocery storeanchored neighborhood shopping centers in the Mid-Atlantic andsouthern states, and a developer that specializes in undervaluedmultifamily properties with an emphasis on property sourcing,construction management, leasing, and property management. Bellkoris also affiliated with Old Homes. These are the firm's first twoJVs, Louis Rogers, CEO Rogers Realty Advisors, tells GlobeSt.com.Rogers was president of what was once Triple Net Properties in2004. He left the firm shortly before its merger with Grubb &Ellis to establish his own company. "We have several discussionsunder way with other potential JV partners," he says.

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The company, meanwhile, is well on its way to leveraging itsfirst partnerships. Rogers says the company is working on severalprojects that have roughly a capital investment of $10 millioneach. Specifically, he says, "we are working on about five projectswith each partner that has a projected value of $10 million." Forthe first few years of its existence, Rogers Realty acted primarilyas advisor to, and manager of, Spectrum Realty Mezzanine Fund I,Rogers Realty Mezzanine Fund II, and Rogers Realty Growth &Income Fund I--private investment funds providing debt and equitycapital for real estate projects. Other projects included assistswith difficult capital issues, including recapitalizations,acquisitions and dispositions.

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