SAN FRANCISCO-643 Capital Management, a privateinvestment firm focused on debt and equity strategies in distressedreal estate, recently revealed it has left McKinleyPartners. The new company is led by managing directorGregor Watson, co-founder of McKinley, and will bejoined by Watson’s acquisitions team, which has an establishedtrack record of acquiring over 500 homes and plans to invest up to$200 million in the coming year. GlobeSt.com caught up with Watsonto discuss where the company is focusing on investment and a littlebit about how he finds the deal, or his “secret sauce,” as he putsit.
GlobeSt.com: Tell us about the decisionto leave McKinley Partners, what that means for 643 CapitalManagement and what and how much you plan to invest in during thecoming year?
Watson: Leaving McKinley allows me tofocus on a very specialized asset class and recruit executive leveltalent into a specific strategy. It was a tough decision to leaveand I have some great partners at McKinley. We have made fantasticinvestments together. The launch of 643 Capital allows me to takeadvantage of a great opportunity that requires specific talent atthe senior management level. 643 Capital is built to provide amulti-strategy approach to non-core real estate. We will focus onmid-market investments where there is less competition at scalestrategies like our single-family rental platform that allows us todeliver outsized returns due to inefficiencies in the market. Weexpect to invest between $150 million to $200 million over the nextyear.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
