Sound Mark Partners LLC (Sound Mark or the Firm) is a women-owned and led private credit firm focused on commercial real estate. The Firm was established in 2013 as a team lift-out from CBRE Group, the largest commercial real estate services company globally. Led by Jenna Gerstenlauer, former Chief Investment Officer of CBRE and a 25-year commercial real estate veteran, the Sound Mark team has been investing together for over 10 years. Sound Mark focuses on making directly originated subordinate loans (mezzanine and preferred equity) to local owner-operators of commercial real estate. The Firm targets small deal sizes ($5M - $40M) in high-growth primary and secondary US locations, and emphasizes areas designated as Innovation, Eds and Meds districts. Based in Greenwich, CT, the Firm has deployed $400M across the flagship Sound Mark Horizons Fund (the Fund) and separate account vehicles.
Sound Mark Partners is a women-owned and led private credit firm focused on commercial real estate. Started in 2013 as a team lift out of CBRE, the largest commercial real estate services firm in the world, Sound Mark provides directly originated mezzanine loans and preferred equity to owner-operators throughout the United States. Sound Mark focuses on the Middle Market of commercial real estate, defined as deals valued $50M or less. The Middle Market represents over 90% of transactions by volume though just 55% of transactions by total market value. Compared to the hypercompetitive top end of the market, Middle Market deals exist in a much less efficient space, and that inefficiency creates opportunities. Join us as we explore how the yield premium for smaller deals has grown since the Global Financial Crisis, why subordinate loans are attractive to borrowers, and where investors can find opportunities in the fragmented middle market.
Since the COVID - 19 crisis broke out, 40 million people became unemployed, businesses have shut down and global central bank have conducted swift and unprecedented monetary support to alleviate conditions brought on by the Pandemic. This panel will discuss in detail what is being seen in the different verticals of real estate and what to expect in the 3rd & 4th quarter with existing assets and special situations on the horizon.
Speakers: Chrystalle Anstett, Joseph W. DeMatteo Sr., Ernest Johnson, Tony Barkan, and Peter Foran