Investment Strategy
The key criteria for property acquisition is its potential to produce income and long term capital growth for investors. To achieve this, the property investment team focuses on the quality and location of the properties, the credit quality of tenants, the length and term of the property leases and the potential costs of any ongoing maintenance or repairs or refurbishment.
Track Record
The Mariner property investment team has an established track record in acquiring income producing properties both in Australia and overseas. The team has a broad base of expertise in structuring cross-border property investments over a long period of time at Mariner and other areas of the property industry. They have arranged the acquisition of over $700 million of income producing properties, including:
Acquisition |
Value |
Mariner America Property Income Trust 7 properties |
circa $350m |
Sydney Opera House Car Park |
circa $112m |
| 40 Market Street, Melbourne |
circa $50m |
German Portfolio 6 properties |
circa $130m |
| Sky Palace, Tokyo, Japan |
circa $17m |
The Team
The property investment team is a well respected team of property specialists and financial and legal practitioners. Key to their success is a combination of expertise in the following areas:
- Sourcing
- Analysis
- Negotiation
- Structuring
- Funding
- Asset & Fund management
Jeff Miller – Director
Jeff lends his considerable experience in US property research, acquisitions, investment strategy and finance structuring as head of the Mariner Financial group US office based in Boston, Massachusetts.
Jeff was Acquisitions Director of CB Richard Ellis Investors, an institutional investment adviser, and then Director US Property Operations of Challenger Financial Services Group, before establishing the Mariner Financial group’s US operation in December 2004.
Notable achievements in Jeff’s career include closing the acquisition of 50 Milk Street, Boston for US$109.3 million in 2002 and the Invesco Funds Corporate Campus in Denver Tech Center for US$57.8 million in 2003.
James Patterson – Director
Jim brings 35 years of expertise in property asset management, acquisitions and financial services to Mariner Financial Inc. and assumes CFO responsibilities for that company.
Before joining Mariner Financial Inc., Jim was responsible for the asset and portfolio management of Challenger Financial Services’ US$250 million commercial property portfolio.
Jim has held many senior management appointments including Executive Vice President and Chief Investment Officer and Board Member at John Hancock Properties, Managing Director and Head of Boston Office of CB Richard Ellis Investors and Managing Director, Board Member of Sun Capital Advisors, a subsidiary of Sun Life of Canada.
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