Real Estate Investments
Citrine identifies, diligences, and executes upon innovative and compelling real estate opportunities with a focus on senior housing across the risk-return spectrum in the Midwest, Mid-Atlantic, and Southeast.
ACQUISITIONS
MARKET DRIVERS
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80+ population growing ~50% over the next 10 years, requiring 881,000 new units
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Due to limited new construction since 2019, supply is lower than demand
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High barriers to entry: regulatory, operational, licensure requirements
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Current environment offers pricing advantages as fatigued owners sell below replacement cost
MARKET INEFFICIENCIES
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Highly fragmented ownership base with limited institutional management practices
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Operational complexity creates opportunity for capable, well-capitalized owners to outperform
Deal Focus
Citrine Senior Housing
CITRINE'S EDGE
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Experienced team with institutional discipline and proven track record
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Active partnerships with best-in-class operators
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Ability to reposition under-optimized assets and stabilize performance
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Focus on creating both excellent returns and improved resident outcomes
Distressed Real Estate
CITRINE'S EDGE
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Robust, disciplined underwriting that stress-tests downside scenarios and avoids value traps
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Ability to deploy diverse value enhancement strategies: rescue capital, operational improvements, capital improvements, adaptive reuse, and workouts
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Track record of repositioning properties across real estate classes to stabilize performance and unlock growth
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Flexible investment approach with multiple exit strategies designed to maximize returns across cycles
Citrine Investment Group
325 West Huron Street, Suite 714, Chicago, IL 60654
MARKET DRIVERS
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Market dislocation generates buy opportunities through mispriced deals, off-market transactions, failed marketing processes, and corporate or fund dispositions
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Temporary illiquidity in real estate markets creates attractive entry points for disciplined investors
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Structural shifts, such as changing use patterns and capital constraints, drive assets into transition and create buying windows
MARKET INEFFICIENCIES
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Underperforming assets often lack capital, institutional oversight, or strategic repositioning
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Distressed circumstances create inefficiencies that allow skilled investors to acquire well-located properties at discounts
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Operational and structural complexity deters many buyers, expanding opportunities for experienced firms
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