Cerberus is a tenured global investor in real estate and real estate-related assets, with extensive experience sourcing and investing across asset classes, property types, and geographies during all phases of the economic cycle.
Our Investment Approach
We apply a disciplined, asset-based approach focused on opportunities where our operating and asset management capabilities provide the potential to solve complex situations and enhance fundamental value. With a team of approximately 120 real estate professionals, we seek to leverage our extensive knowledge, experience, and flexibility to invest across real estate strategies in an effort to capitalize on prevailing market conditions and opportunities around the world.
Hallmarks of our Real Estate platform include repeat transactions with large financial institutions to support both the near- and long-term capital needs of a property and utilizing proprietary and third-party platforms to provide skilled management of properties and large portfolios.1
Types of Investments
Direct Real Estate
Target opportunistic and special situations with attractive going-in basis, discount to peak valuations, and strong cash-on-cash profiles.
Non-Performing Loans and Real Estate-Owned Portfolios
Invest in non-performing loan and real estate-owned portfolios backed by a wide variety of collateral where we can leverage our in-house team that supervises and oversees local service providers and longstanding relationships with counterparties.
Strategic Asset Aggregation
Seek to establish thoughtful joint ventures to form strategic platforms in sectors with strong underlying fundamentals that are positioned to benefit from secular shifts in consumer behavior, changing demographics, and growth in e-commerce
Real Estate Credit
Strive to provide financing solutions for high quality real estate assets and experienced sponsors and investment in other diversified real estate credit products.
$17bn
Real Estate AUM
~120
Real estate investment professionals
19
Locations with on-the-ground presence
1 There can be no guarantee historical trends will continue or that Cerberus’ previous experience will be realized to the benefit of any Cerberus-managed fund.
Note: Non-Performing Loans. 2013-2021. Cushman & Wakefield (Real Estate Loans Sales – 2014, 2015, 2016); Evercore (European Distressed RE Market Report, 2016, 2017, 2018, 2019, 2020, 2021). The 2022 report is expected in 2H 2024.
Note on Non-Performing Loan transactions: Information included for illustrative purposes only. Transactions as of March 31, 2024. Employee and office data as of May 1, 2024, and subject to change without notice. There can be no assurance that any of these professionals will remain with the Firm. The offices presented above are representative of the Cerberus real estate team and members of the CES team that are dedicated to real estate.
Assets Under Management (“AUM”) is approximate as of March 31, 2024. The AUM referenced herein represents the AUM of all direct real estate, real estate debt, commercial mortgage-backed securities and assets, and NPL investments (including real estate NPLs, unsecured consumer and small/medium-sized enterprise loans) held as of March 31, 2024, excluding co-investments but, depending on the type of fund, the AUM calculation may or may not account for unfunded commitments, leverage or NAV. The AUM calculation may vary if the fund is a commitment or evergreen fund, is in its Liquidation Period or Investment Period, and if there is fund-level leverage (excluding the subscription facility balances). For more information on the AUM calculations please reference the Cerberus AUM Chart, which may be provided upon request and is available in the Cerberus Intralinks datasite.
