Relentlessly Responsive


We understand that our clients aren't looking for hassles. Coincidentally, neither are we.

Somerstone offers a full range of real estate development, investment, brokerage and management services. Our predominant focus is retail, but we are well-versed in in the operational intricacies and underwriting benchmarks for all of the major asset classes. Our primary goal is to deliver predictability in the investment outcome.

Our organization is not built to simply replicate mediocrity. We firmly believe that there are simply better, more efficient, and more economical ways of conducting our business. You’ll find that we work diligently to always deliver on our promises because, as a boutique firm, we can. Smarter investments and a stakeholder mentality. That’s what keeps us in business.

Background Brief

$3.5B combined transaction volume
67 years combined experience
$310M investment syndications
$220M 1031 exchanges
1.3M SF leased
$190M real estate development
$480M dispositions
29 development projects
62 total deals

Development

Value Innovators


We learned a long time ago that specific is always more profitable than general.

As a small shop with an integrated team approach, we maintain a more thoughtful, independent, and objective approach to commercial real estate development. The difference is largely driven by our firm’s fundamental assumptions about strategy. While we, naturally, spend time focusing on incremental improvements in both cost and quality, we expend equal effort and time determining how best to maximize intangible project value. A more thoughtful tenant mix, more favorable lease language, or a simple architectural tweak that makes a project more marketable are examples of underlying value drivers that can be easily overlooked when cost is the sole focus.

With a broad background in leasing, asset management, valuation, and acquisitions, we are keenly aware of the functional, economic, and operational defects that debase long-term value. We work hard to distinguish the factors that deliver superior value from those that are simply industry standards. With the expertise, resources, and credentials to govern the entire process from start to finish, Somerstone provides seamless development solutions that deliver superior value and long-term performance.


  • Coordination of zoning and permitting
  • Parcel splits and Certified Survey Maps
  • Environmental and site evaluation
  • Incentive planning and requests
  • Wetlands mitigation
  • Traffic and access approvals
  • Master planning
  • Site maximization and parking plans
  • Building design and plan development
  • Underwriting and feasibility analysis
  • Construction cost budgeting
  • Valuation
  • Target market research and asset positioning
  • Exit strategy
  • Operations and maintenance planning
  • Vendor selection and construction oversight
  • Financing and draw administration
  • Tenant procurement
  • Tenant coordination and work letter administration
Investments

Less Risk. More Reward.


Underwriting so accurate, you'll think we own a time machine.

Somerstone sources, underwrites, and acquires selective investment assets that provide exceptional fundamentals, predictable returns, and defined exit exit strategies. We bring practical experience to real estate investing and offer our investors imaginative, uncomplicated, passive ownership real estate investment solutions. With various ownership structure options, our clients can invest in property-specific partnerships in small dollar increments or into direct-deed investments to meet the individual investors’ investment or exchange needs.

We source, analyze and acquire properties for the sole purpose of investment syndication. Once acquired, as sponsor, we manage all aspects of property operations, tenant relations, leasing, cash flow distributions, accounting, investment reporting and tax compliance. All of the headaches of ownership. We handle the ultimate sale of each investment in accordance with a predetermined exit strategy. Our foremost goal is simplicity. It’s imperative to us that our clients understand the investment, that they know how their capital is being used and when they’ll get it back, and that they are properly rewarded for the risk.

We work tirelessly to mitigate the risks of ownership and maximize investment returns. Contact us today to learn more about the benefit of owning investment real estate in your portfolio.


  • Identify and secure properties
  • Negotiate acquisition terms and contract conditions
  • Determine optimal deal structures
  • Develop valuation models and cash flow forecasts
  • Form limited partnership structure
  • Prepare offering memorandum materials
  • Direct lender selection process
  • Prepare loan packages
  • Provide required loan guaranties (deal-by-deal basis)
  • Direct closing process
  • Syndicate equity
  • Prepare investment reports
  • Develop hold strategy and asset positioning
  • Operations and maintenance planning
  • Direct leasing, investor relations, and property-level accounting functions
  • Administer cash flow distributions and annual tax reporting
  • Manage disposition process
  • Tenant coordination and work letter administration
Strategic Imperatives

01 / Simplify the complex
02 / Mind the details
03 / Be proactive
04 / Never, ever give up

Brokerage

Exceptional Instincts


Precision. Simplicity. Transparency. Results.

After years of managing properties, hiring and firing leasing agents, digging through slapdash offering packages, and buying investment real estate, we came to realize that the normal way of doing things in our industry can be a little bit dysfunctional. If you haven’t noticed, times have changed. Today, there are simply better, more efficient, and more economical ways of conducting our business.

We strive to provide our clients with simpler ways to expedite decisions and get results. We never lose sight of the fact that while digital information delivery is the new norm, effective communication is imperative to getting deals closed. Somerstone has demonstrated a history of success for our brokerage and leasing clients by being proactive and communicating everything — even the bad news.

Whether you are buying, selling, in the market to lease space or need help leasing space you already own, we can help. Give us a shout today to begin the conversation and to learn the difference a mad basket of skills, deep history as a landlord and killer work ethic can make to the entire process.


  • Source properties that meet specific investment parameters (on market and off market)
  • Negotiate acquisition terms and contract conditions
  • Site selection advisory
  • Cash flow forecast review and revision
  • Review leases and underwrite tenant credit
  • Assemble and analyze due diligence
  • Identify operational improvements and market risks
  • Prepare offering packages and develop e-strategy plan
  • Implement marketing strategy
  • Direct closing process
  • Manage offer process and negotiations
  • Direct required third-party reporting and closings
  • Develop marketing materials and microsites
  • Conduct property tours
  • Negotiate and advise appropriate lease terms
  • Prepare comparative lease analyses
  • Manage and coordinate tenant build-outs
  • Direct and advise on 1031 exchange process
  • Provide IRC rule and boot advisory
  • Source replacement properties and financing alternatives
Management

Minding the Details


Every property needs an edge. We can provide it.

We fully realize that neither hope nor luck are viable management strategies. By focusing on the minutia, we maximize returns and minimize risks. Asset performance is priority one. The more predictable, the better. We work diligently every day to improve and simplify the process and to make information more useful, powerful, and accessible.

We realize that the only difference between merely satisfactory delivery and great delivery is attention to detail. In determining how best to deliver our management services, we focus on the customer perspective. As landlords ourselves, we know what it’s like to be in our client’s shoes and are committed to being proactive, responsive and genuine.

Is your manager still operating like it’s 2009? It’s time to stop taking marginal advice and canned excuses. You need to work with a manager that pays attention to the changing market, can effectively employ technology, and understands how to maximize value. A manager that understands exactly what it means to be a landlord and knows precisely what success looks like. We move faster, work smarter, and bring a fresh perspective to the process. An owner’s perspective.


  • Develop property operating and capital budgets
  • Lease administration
  • Oversee vendor selection and supervision
  • Manage all aspects of repairs and maintenance
  • Cash flow forecasting
  • Tenant relations
  • Capital expenditure planning and management
  • Identify operational improvements and market risks
  • Property-level accounting
  • Develop and implement e-marketing strategy
  • Annual CAM reconciliations
  • Property tax appeals
  • Administer cash flow distributions and annual tax reporting
  • Develop marketing materials and microsites
  • Manage disposition process
  • Advise appropriate lease terms
  • Manage and coordinate tenant build-outs

Are we making any sense? Give us a shout today to start the conversation.