Declaration

Real Estate

Seek to combine the best attributes of family office flexibility and institutional quality investing to generate attractive risk-adjusted returns.

Strategy

Target investment opportunities where family-orientation, flexible capital, and longer-term perspective provide competitive advantages.

01

Preserve a Family Office Mindset

Combine the patience and perspective of a family office with the sophisticated capabilities of private equity investing

02

Invest Flexibly

Seek attractive opportunities across real estate sectors and geographies, applying rigorous replacement cost discipline and structuring for asymmetric upside

03

Deploy Selectively

Move decisively when attractive opportunities arise, without artificial pressure to deploy capital

04

Own Actively

Create enduring value through renovation, repositioning, and development strategies, with a preference for long-term compounding

Harvill Industrial (Realized)

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Property

Industrial Acquisition

Location

Inland Empire, CA

Structure

LP Equity

Investment date

09/2021

Royal Palm Beach

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Property

Multifamily Development

Location

Palm Beach, FL

Structure

Preferred Equity

Investment date

03/2023

Lake Orlando Industrial

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Property

Industrial

Location

Orlando, FL

Structure

JV Equity

Investment date

08/2023

Fairfax Student Housing (Partial Realization)

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Property

Master-leased Student Housing

Location

Pittsburgh, PA

Structure

LP Equity

Investment date

4/2022

The District

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Property

Multifamily

Location

Pittsburgh, PA

Structure

JV Equity

Investment date

01/2024

Philadelphia Industrial Portfolio

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Property

Industrial

Location

Philadelphia, PA

Structure

LP Equity

Investment date

05/2024

4 Rivers Self-Storage

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Property

Self-Storage

Location

Various – Southeast U.S.

Structure

Programmatic JV Equity

Investment date

06/2023

Brooklyn – Gowanus

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Property

Multifamily Development

Location

Brooklyn, NY

Structure

Qualified Opportunity Zone Investment

Investment date

02/2019

Multifamily Preferred Equity Venture

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Property

Multifamily

Location

Various

Structure

Preferred Equity

Investment date

12/2023

Charlotte NoDa

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Property

Multifamily Development

Location

Charlotte, NC

Structure

Qualified Opportunity Zone Investment

Investment date

12/2021

21 Parker

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Property

Industrial

Location

Boston, MA

Structure

JV Equity

Investment date

11/2024

Cortland New Albany

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Property

Multifamily

Location

Columbus, OH

Structure

LP Equity

Investment date

08/2024

LA Affordable Housing Program

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Property

Residential

Location

Southwest U.S.

Structure

JV Equity

Investment date

11/2024

Greens Logistics Park

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Property

Industrial

Location

Southwest

Structure

JV Equity

Investment date

08/2024

Cascades Marketplace (Partial Realization)

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Property

Retail / Land

Location

Sterling, VA

Structure

GP Equity

Investment date

06/2022

Charleston Workforce Housing Portfolio

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Property

Multifamily

Location

Charleston, SC

Structure

JV Equity

Investment date

07/2024

Cortland ChampionsGate

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Property

Multifamily

Location

Orlando, FL

Structure

Participating Pref. Equity

Investment date

08/2021

Tradepoint Dallas (Realized)

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Property

Industrial

Location

Dallas, TX

Structure

JV Equity

Investment date

08/2022

Peaceable Street Capital Platform (Partial Realization)

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Property

Various

Location

Various (USA)

Structure

GP Equity / Participating Pref. Equity

Investment date

08/2021

1450 Chattahoochee

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Property

Industrial

Location

Atlanta, GA

Structure

JV Equity

Investment date

06/2024

Sorrento Mesa Life Sciences Portfolio

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Property

Office / Life Sciences

Location

San Diego, CA

Structure

GP Equity

Investment date

12/2021

Cortland Colburn (Realized)

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Property

Multifamily

Location

Orlando, FL

Structure

Participating Pref. Equity

Investment date

08/2021

Co-GP Multifamily Collection (4 Properties)

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Property

Residential

Location

Various

Structure

GP Equity

Investment date

Fall / Winter 2024

Property Investments

Portfolio

Show All
Harvill Industrial (Realized)

Inland Empire, CA

Royal Palm Beach

Palm Beach, FL

Lake Orlando Industrial

Orlando, FL

Fairfax Student Housing (Partial Realization)

Pittsburgh, PA

The District

Pittsburgh, PA

Philadelphia Industrial Portfolio

Philadelphia, PA

4 Rivers Self-Storage

Various – Southeast U.S.

Brooklyn – Gowanus

Brooklyn, NY

Multifamily Preferred Equity Venture

Various

Charlotte NoDa

Charlotte, NC

21 Parker

Boston, MA

Cortland New Albany

Columbus, OH

LA Affordable Housing Program

Southwest U.S.

Greens Logistics Park

Southwest

Cascades Marketplace (Partial Realization)

Sterling, VA

Charleston Workforce Housing Portfolio

Charleston, SC

Cortland ChampionsGate

Orlando, FL

Tradepoint Dallas (Realized)

Dallas, TX

Peaceable Street Capital Platform (Partial Realization)

Various (USA)

1450 Chattahoochee

Atlanta, GA

Sorrento Mesa Life Sciences Portfolio

San Diego, CA

Cortland Colburn (Realized)

Orlando, FL

Co-GP Multifamily Collection (4 Properties)

Various

Harvill Industrial (Realized)

Inland Empire, CA

Royal Palm Beach

Palm Beach, FL

Lake Orlando Industrial

Orlando, FL

Fairfax Student Housing (Partial Realization)

Pittsburgh, PA

The District

Pittsburgh, PA

Philadelphia Industrial Portfolio

Philadelphia, PA

4 Rivers Self-Storage

Various – Southeast U.S.

Brooklyn – Gowanus

Brooklyn, NY

Multifamily Preferred Equity Venture

Various

Charlotte NoDa

Charlotte, NC

21 Parker

Boston, MA

Cortland New Albany

Columbus, OH

LA Affordable Housing Program

Southwest U.S.

Greens Logistics Park

Southwest

Cascades Marketplace (Partial Realization)

Sterling, VA

Charleston Workforce Housing Portfolio

Charleston, SC

Cortland ChampionsGate

Orlando, FL

Tradepoint Dallas (Realized)

Dallas, TX

Peaceable Street Capital Platform (Partial Realization)

Various (USA)

1450 Chattahoochee

Atlanta, GA

Sorrento Mesa Life Sciences Portfolio

San Diego, CA

Cortland Colburn (Realized)

Orlando, FL

Co-GP Multifamily Collection (4 Properties)

Various

Portfolio

Select JV Partners

Specific investments described herein do not represent all investment decisions made by Declaration. The reader should not assume that investment decisions identified herein were or will be profitable or that future investments will be comparable in quality or performance.

Real Estate Team

Institutional team with real estate investing and operating experience across property types, geographies, and market cycles.

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Todd S. Rich 

Co-Founder and Head of Real Estate 
 

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Matthew Cohen

Partner 
 

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Ron Dalal

Partner 
 

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David Rabin

Partner 
 

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George Roux

Vice President 
 

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Robert Rucks

Vice President 
 

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Aileen Chang

Senior Associate 
 

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Kyle Patrick

Associate 
 

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Holly Majka

Chief of Staff and Office Manager 
 

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Gracie Filler

Administrative Assistant