Strategy
Our strategies
Core plus
A core plus strategy consists on real estate assets acquisitions in established locations, benefiting from secure rental income in the medium term with potential revaluation. These assets may be subject to minor works and rent revaluation actions lift of rent caps surfaces redevelopment, non-recoverable rental charges and taxes deduction.
Leverage effect: Between 30% and 50%.
Target internal rate of return (non-guaranteed): between 4% and 8%.
Value added
A value-added strategy is based on real estate assets acquisitions with repositionning or renovating potentials in order to increase the rental yield and ultimately the value of the property. This dynamic management consists on investing in promising themes related to demographics, urbanization or global trends, such as improving buildings’ energy efficiency.
Leverage effect: maximum 60%.
Target internal rate of return (non-guaranteed): over 12%.
Our investment process
Our pipeline
Investment opportunities’ identification
Real estate assets selection
Investment opportunities’ analysis and the managers’ arbitrage prior to issuing an indicative tender
Due Diligence
Thorough audit of the real estate asset on technical, legal, notarial, fiscal, environmental and administrative levels
Investment Committee
The senior management’ arbitrage to acquire a real estate asset is based on the investment memorandum
Asset Management
Portfolio management
Arbitration
The senior management’ arbitrage to dispose of the assets is based on the annual “hold/sell” analysis of the portfolio
What we offer and look for
What we offer
- Operational governance combining execution speed and investment discipline
- Ability to execute , under tight deadlines, complex transactions (debt or company shares buyout, legal or technical specific circumstances, forced sellers allowing the acquisition of assets at prices below market values
- Dynamic management of real estate assets to increase rental income: lift of rent caps, surface extension, commercial units division, tenants eviction, etc.
- Proven know-how in structuring real estate transactions for institutional investors
What we look for
- Offices, hotels (walls and goodwill), health and education, activities: assets of any size with medium-term valuation potential
- Retail: Assets developing sales surfaces and rental values adapted to retailers’ demands and offering long-term value creation potentials.
- Off-market operations under the radar of institutional investors
To each investment strategy its own vehicle
Core Plus
SCI
Société Civile Immobilière
MCF Urban Convenience dedicated to institutional investors, thanks to its tax transparency.
Subscription for professional investors only.
MCF Immocap Value, a diversified vehicle, accessible via a real estate UC in life insurance.
This vehicle is available within the FIPAVIE OPPORTUNITIES Unit-Linked Life Insurance contract.
OPCI Professionnel
Organisme de Placement Collectif en Immobilier Professionnel
MCF Income Value is a diversified distributive and capitalization fund for assets located in France.
It is used for its flexibility (leverage, allocation), its taxation (income from securities) and its accessibility (pure registered, securities account, Luxembourg life insurance).
Subscription for professional investors only.
Value added
SLP
Société de Libre Partenariat
MCF Opportunity Co Invest II deploys a diversified strategy with strong value creation.
Subscription for professional investors only.
