Since its founding in 1994 by W. Robert Kohorst, Everest has invested in limited partnerships that held real estate and other assets. Everest has invested funds in excess of $200,000,000 in more than 650 limited partnerships; providing liquidity for an otherwise illiquid asset class. In addition to investing, Everest has replaced general partners and asset managers, upon the investors’ request, and worked to restructure the operation and financial management of undermanaged or undercapitalized real estate assets. Everest specializes in reorganizing assets to provide stable cash flow, downside protection and an opportunity for a profitable exit.
Everest has also acquired and holds a portfolio of properties in various categories. With few exceptions, Everest holds a significant majority of the equity in each property within its portfolio. Everest’s current portfolio of property is estimated to exceed $500,000,000 in value.
Everest’s restructuring experience and understanding of complex investment structures makes Everest uniquely suited to manage complex real estate transactions. Everest has been successful in taking advantage of both buying and selling opportunities by implementing a financial model that stresses stable cash flow with moderate leverage, resulting in consistent distributions to investors. Everest specializes in the acquisition, recapitalization and asset management of real estate, with specific experience in real estate investment trusts, tenant-in- common, corporate and limited partnership real estate investment entities.
Everest has provided solutions for investors seeking to sell illiquid real estate holdings; we understand investors’ goals since we are an investor and always invest our own capital alongside our institutional and individual partners. Everest has a long, successful history of working with institutional partners, lending institutions and Government-Sponsored enterprises, Fannie Mae and Freddie Mac.
We believe our analysis of market fundamentals combined with submarket knowledge, a meticulous due diligence process and our strong analytical and operational skills provide a strategic advantage which allows Everest to identify investments that are likely to outperform the market.