Turnstone Group employs an opportunistic approach to investing, seeking above-average returns for its investors. Target investments typically present one or more of the following common characteristics: 1) compelling valuation multiples; 2) unrealized value; and 3) repositioning opportunities.

• Operationally Distressed or Undermanaged Single Assets or Portfolios
• Utilize management-intensive strategies to implement repositioning program and improve cash flow characteristics
• Amend capital structure to stabilize asset
• Positions in Real Estate-Related Debt Securities and Non-Performing Loans
• Seek to establish positions within the capital structure to minimize risk exposure
• Exploit temporary market dislocations
• Underutilized or Outdated Current Use
• Convert or reposition asset to highest and best use
• Select development or redevelopment opportunities