Dear Partners,
Thank you to everyone who joined us at our Annual Investor Event on October 23rd at our Greenwich offices! More than 50 people attended this year.
It was great to put faces to names, both with investors who have been with us for years and with those who have joined us more recently.
We were also glad to have our fund administrators from EFSI and our back office team from Fundviews Capital on hand to meet you, along with a special guest: a fund of funds that will begin investing with us in December.
During the evening, we gave a presentation on where we are as a firm, introduced our investment team, shared updates on the fund, and walked through our thoughts on today's market and what it means for our deal pipeline going forward. We will be sending the full presentation and video recording later this week. In the meantime, here is a summary of what was covered.
What We Covered
•Where we are now: Constitution now has $230MM+ in platform AUM, 800+ units owned and operated, 250k sqft of commercial, and a team of 40+ employees.
•The team: You met Kyle, Joe, and Ricardo, along with our investment team: analysts and our sourcing, investor relations, and asset management teams, who source, service, lease, and manage our assets in-house.
•Today’s Market: Rates staying higher for longer are forcing capital decisions across commercial real estate. We walked through the wave of low-rate debt coming due through 2028, rising CMBS delinquencies, and why a stable property can still face a refinancing gap. That is the environment where our direct sourcing and workout experience matter most.
•Pipeline: Our pipeline of opportunities stands at $308.8MM as of today, led by multifamily, mixed-use, and retail.
•New Investor Portal: Those attending got a sneak preview of our refreshed investor platform launching this November, with several new highly anticipated features, including two-factor authentication, funding investments directly from your bank account and wires, and choosing where to roll your notes when they mature.
Administrative
•Fund Minimum: The current fund minimum is $50,000 through October 31st. Effective November 1st, the minimum increases to $250,000.
•Data Room: The latest Fund deck, track record, audits, and other fund materials are always available in our Investor Data Room:
Investor Data Room
We hope to see you at next year's event. In the meantime, please don't hesitate to reach out with any questions to Investor Relations at 203.292.1169 or Abby@Constlending.com.
For informational purposes only. Not an offer to sell securities. Offered only to accredited investors by PPM. Past performance is no guarantee of future results. All investments involve risk and may result in loss.
