Business Philosophy
Kennedy hires and develops seasoned real estate professionals and gives them responsibility for running their portion of the business. Our employees are rewarded for exceeding client expectations.
We keep our investors' interests first. To ensure that there are no conflicts of interest with our clients, we have no captive services such as insurance, brokerage, on-site property management, construction or tenant improvement services.
We build long-term relationships with some of the country's premier real estate owners, developers, and brokers who know us to be astute investors able to move quickly and execute efficiently and reliably.
We expect managed assets to fluctuate between $8 and $12 billion, depending upon market conditions, macro economic factors, and most importantly, our clients' goals and objectives. Kennedy will not "force money out" for the sake of meeting arbitrary investment targets.
Investment Philosophy
Our investment strategy is "Value Added" to include the ability to build as well as buy as market conditions dictate. We are adamant that initial pricing must be at or below replacement cost, producing competitive current income returns. This, coupled with the opportunity to grow income and value, is the key to successful investing in real estate.
Kennedy retains a healthy skepticism for conventional wisdom and a demonstrated discipline to not buy when markets are overheated and/or when specific asset pricing would produce inferior risk adjusted returns. This trait and approach has served us well through all the market cycles over the past 30 years.
We focus on a limited number of key primary and secondary markets that are continually examined for overall strength and growth potential, and aggressively vet select investment opportunities.