4/7/2023 0 Comments Endurance insuranceIn doing so, we focus on our partners’ goals including their tax situations.SwimBikeRun Fun Events, a Texas-based producer of triathlon and duathlon events, including the PinkStrong Triathlon & PinkStrong Duathlon, has shifted its race insurance coverage to the California Triathlon Race Director Insurance Program.Ĭamille Baptiste, Race Director at SwimBikeRun Fun Events, said “By working with California Triathlon, we are able to tackle the high costs and hassles of traditional triathlon insurance and race registration. Endurance regularly evaluates the merits of holding vs. This entails highly skilled and detail-oriented leasing, marketing, maintenance, and property management. Active Investment Managementĭuring our holding period, Endurance monitors and implements the value enhancement business plan. We then sell to that market, as the institutional market is generally deeper and more liquid. We buy institutional quality real estate with issues we can resolve. We focus on increasing the spectrum of investors who would likely purchase the asset once we have completed our value-added program. We study in detail an investment’s rent roll, expenses, and capital requirements.Īn important part of our value-creation strategy depends on the exit strategy. At heart, we are value-oriented investors. This means understanding the demand drivers and likely supply response of the market. Real estate underwriting includes extensive location and property-level analysis. We work to identify likely sources of value accretion and then attempt to maximize them during our ownership period. We stress test those assumptions to understand the likely range of returns. ![]() We project the financial returns based on realistic and achievable assumptions. ![]() We focus on achieving returns superior to the risk inherent in the transaction. We work to understand the asset, its market and submarket, the related capital market issues, the competition, as well as the structural, environmental and legal factors affecting the asset. Disciplined Due DiligenceĮndurance underwrites each investment rigorously. We demonstrate our belief in, and commitment to, each investment by way of our significant co-investment in each transaction. Our partners gain access to privately-negotiated and off-market transactions, as well as professional property and asset management. We look for those investments where we can execute our business plan, address the source of a property’s undervaluation and then realize the value created.Įndurance creates value through asset repositioning, managing tenants in-place, and acting where capital is under-supplied. We target well-located assets with issues we can understand and resolve, such as rolling in-place leases with rents below market, correctable functional obsolescence, and under-managed assets. Our investment strategy targets both income and value creation opportunities in the industrial property sectors. Endurance then designs and executes property-specific business plans tailored to the specific opportunities it finds. Endurance continually evaluates the market looking for new opportunities to take advantage of inefficiencies in the property and capital markets. Endurance Real Estate Group applies value-oriented investment strategies with the goal of generating above-average, risk-adjusted returns for our equity partners and ourselves.
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