The Promote Podcast JPM's Roosevelt Run & Cortland's PE Courtship
Jul 23, 2025
Discover JPMorgan's ambitious plan for a massive campus involving the historic Roosevelt Hotel in New York. Explore why multifamily giants Cortland and Bell Partners are on the hunt for partnerships. Get a quick take on the $2.2 billion acquisition deal between Starwood and Fundamental, examining the risks and rewards of high-yield properties. The complexities of renovating a major hotel, including financial hurdles and regulatory challenges, reveal the dynamic landscape of real estate investment.
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Bell Partners Exit Strategies
- Bell Partners is exploring multiple exit options including selling assets or the management company.
- Selling property management companies yields lower multiples due to the challenging business nature.
Cortland's Growth Strategy
- Cortland is valued for its vertical integration and plans to raise capital for growth, not sell outright.
- They leverage creative capital strategies amid scarce acquisition opportunities at scale.
Expanding Real Estate Capital Pools
- Real estate investors increasingly target private wealth channels beyond institutions.
- Tax incentives like 100% bonus depreciation make real estate attractive for passive income offsetting.
