Sherwood is an Opportunistic & Situational
Real Estate Investment Firm.
Strategic Partner.
Value-Added and Opportunistic.
Address: 3507 Jack Northrop Ave.
Market: Hawthorne, CA
Product Type: Hangar and Industrial R&D
Acquired: Sept. 2023, Ch. 7 Bankruptcy Auction
Strategy: Distressed/Special Situations
About
Creativity. Curiosity. Collaboration.
Sherwood is a private real estate firm focused on value-add and opportunistic investments in the Western United States. Based in Santa Monica, CA, Sherwood leverages its extensive relationships to acquire, entitle, develop, and reposition assets with its institutional capital partners.
Sherwood was founded by Brian Novak in 2018, a seasoned real estate investor, with over $3.5 billion worth of transaction experience spanning geographies, product types, and the risk-spectrum. The firm has over $250 million of assets both existing and in entitlement or development across industrial, aviation, student housing, and for-rent multifamily.
Investment Approach
Thematic Trends
Invest in submarkets poised for growth where multiple secular or long-term trends have been identified. A single asset alone can’t make a market, but identifying locations with critical investment-mass can dictate its growth potential. An investment’s highest & best use starts with its end-user who ultimately dictates what will be in-demand for years to come.
'A' Locations
Seek locations within the Western United States that will benefit from close proximity to major employers, important transportation nodes, and vibrant amenities in each micro-market. These locations offer myriad live/work/play options to prospective tenants across product types and industries, each unique to the underlying investment thesis.
Zoning + Supply Limitations
Utilize extensive knowledge and experience in local zoning and entitlement processes. Land use policies often create dislocation and opportunities to generate alpha with excellent, risk-adjusted returns. Sherwood underwrites myriad investment outcomes and disposition strategies. Highest and best use changes over time and our exit may be someone's next development.
Sponsorship & Development Management
Sponsorship
Sherwood Real Estate Partners, LLC sources, underwrites, and executes on strategic business plans tailored to the investment objective. Sherwood joint-ventures with various family offices and institutions to create value across all product types, including: residential, industrial, office, retail & hotels.
Entitlements
SRP Management, LLC ("SRP"), a subsidiary of Sherwood Real Estate Partners, LLC is actively entitling in excess of $250 million of projects in Southern California. SRP is well-versed in entitlement, zoning, and engaging with various community stakeholders.
Development Management
SRP offers development management services to third parties who own and control valuable real estate ripe for redevelopment. SRP is capable of ascertaining intrinsic value, creating a path to monetization, and assembling the right development team through construction.