Potential for diversification, income, and total return
Core+ Strategy
The core+ strategy seeks to generate attractive total returns by acquiring and developing multifamily assets with potential to produce consistent, durable future cash flow.
Opportunistic Strategy
The opportunistic strategy seeks to maximize total returns by investing in development and value-add opportunities alongside reputable joint venture partners across geographies and property types.
Core+ Strategy Overview
The core+ strategy targets high-quality investments that provide income, total return, and the ability to increase cash flows while utilizing moderate leverage. The strategy seeks to aggregate a portfolio initially composed of high-quality multifamily properties in select markets poised to outperform due to durable, long-term, and accelerating trends such as population and job growth. The strategy is managed in cooperation with an established real estate operator and developer.
Multifamily
Aquisition and development of a portfolio of high-quality multifamily assets based on durable underlying secular trends.
Western U.S.
Focused on secondary markets in the western United States that Thornburg believes are poised for robust growth supported by strong fundamentals.
Middle Market
Target medium-sized, middle-market individual properties to capitalize on a less competitive buyer pool, while consolidating a portfolio of scale that will be attractive to buyers at exit.
Co-Managed JV
Joint management structure intended to provide complementary capabilities and match investor capital with acquisition and build-to-core development opportunities through proprietary pipeline and existing relationships.
Opportunistic Strategy Overview
Allocations*
Select Investments
The Parkline – San Diego, CA
The Parkline is a 94-unit Class-A, transit-oriented multifamily development located in the North Park neighborhood of San Diego, and is expected to deliver in 2023.
Texas Industrial Park Development – Austin MSA
The Texas Industrial Park Development consists of the acquisition of 236 acres of land and the subsequent build-out of 1.6 million square feet of industrial space.
Insights
Real Estate
Rethinking Real Estate Opportunities and Risks
Learn how our real estate team approaches the challenge of finding assets that mitigate inflation risks and generate stable income in this volatile environment.
Real Estate
Turning Commercial Real Estate Distress into Opportunity
Commercial real estate borrowers and lenders have been under immense stress recently. How worried should investors be? Can distress become an opportunity?
Global Equity
Opportunities in the Electrification Revolution: America’s Grid
The electrification of everything has exposed America's antiquated power grid. As an active investor, we see selective opportunities ahead.
The Thornburg real estate platform was established to offer access to private real estate investments for investors seeking diversification, income, and total return. As investment manager and capital partner, we invest across the capital structure with select operators and developers, offering specific regional and sector expertise in target markets throughout the U.S.