Investment Criteria

We focus on value-oriented investments

Steel Castle targets middle-market, value-oriented real estate transactions in select primary and secondary markets in the U.S. Our preferred property sectors include Office, Industrial, Multifamily and Retail.

Generally, our investments meet the criteria listed in one of the categories below:

Joint Ventures

  • Transaction Size: $3m to $10m (equity)
  • Property Class A, B or C
  • Holding Period: 2 to 5 years
  • Structure: JV equity
  • Sponsorship: Experienced, local operating partner
  • Co-Investment: 10 to 25% of total equity

Direct Investments

  • Transaction Size: $15m to $50m (purchase price)
  • Property Class: A, B or C
  • Holding Period: 3 to 10 years
  • Structure: All cash or cash to new loan

For more information or to submit a prospective deal, please contact us at
714 786 5000 or