Representative Transactions

Recognizing long term shifts in consumer demands from renters as well as structural issues in the “for sale” home market, Mandrake identified great potential in the single-family rental sector. Mandrake has focused its efforts on the delivery of communities specifically designed and purpose built for rent — the build-to-rent (“BTR”) space. Mandrake commenced its first BTR development in 2017 and continues to actively develop BTR communities across three styles — cottages, townhouses, and traditional detached homes — tailored to the targeted end user of the project. Mandrake controls over 5,000 lots and currently has communities in production or slated for near term construction commencement in high growth markets throughout the Mid-Atlantic and the Sun Belt.

Set on an unprecedented 96 acres in the Napa Valley, Stanly Ranch is the new flagship of the Auberge Resorts Collection. Given substantial barriers to entry for new lodging product, the property is unique within Napa Valley in terms of its scale and its “in vine” experience. The fully integrated resort includes 135 cottages for guest accommodation, for sale residences including 40 villas and 70 vineyard homes, a world class spa and wedding facilities.

Constructed on the last developable site on Rittenhouse Square, this 48-story tower occupies the most sought-after and upscale residential location in Philadelphia. The residential portion of the project features 65 condominium units and 189 luxury rental apartments and offers unprecedented panoramic views of the city. In addition to best-in-class private amenities, the project is anchored by Equinox’s first outlet in Philadelphia.

The DTLA Soho House project is a redevelopment of an existing 90,000 square foot six story former industrial property. The property is a centerpiece of the burgeoning Arts District neighborhood. Creatively capitalized via a sale-leaseback transaction, the property has been transformed into a club facility featuring two floors of dedicated club space, a gym facility, a rooftop pool, 48 hotel rooms and an outdoor garden restaurant.

This fee position (subject to a ground lease) under the Beverly Hills BMW car dealership and service center comprises 3.8 acres. The property, which represents the only BMW dealership between the 405 Freeway and Downtown LA, is improved with a 93,000 square foot showroom and a seven story, 246,000 square foot service center. The property sits just east of the La Brea/Wilshire intersection where the Metro Purple Line subway station is currently under construction. With dense by right zoning and the potential for further up-zoning due to its proximity to the Metro expansion, the asset enjoys substantial value both as a future large-scale development and in its current format.