Ogden seeks to deliver consistent, robust returns while placing a premium on preserving capital. We perform a comprehensive risk-reward analysis on each potential investment and only invest in assets that provide asymmetric upside and limited downside risk. We are guided by common sense, discipline and the recognition that intellectual humility is the foundation of successful investing. We adhere to the following core principles:
Buy below replacement cost
Purchase existing assets at favorable prices in relation to replacement cost — fundamentally sound assets that have previously lacked capital, attention or the proper financial incentives.
Utilize appropriate leverage
We have strong relationships within the Capital Markets sector and seek to use the proper leverage — in amount and duration — to reflect the stability of each asset’s cash flow. We also seek to structure financing terms that augment our exit strategy.
Invest when supply is low
Target markets — especially when developing ground-up assets — in communities with high barriers to entry and little to no competitive supply planned or under construction, or in markets where demand/absorption characteristics remain very strong.
Align interests with our investors
A defining aspect of OCIP and OMP is that, from the very beginning of our existence, we have treated our investment partners’ capital as our own — as part of it is our own. OCIP and OMP partners invest alongside our investors in transactions that we sponsor.
Anticipate micro and macro opportunities
Capital flows often influence asset valuations as much as or more than the impact of local market supply and demand trends. Ogden works hard to get ahead of capital flows in areas where economic growth is projected to drive demand but new supply is not yet on the horizon.
Value to investments
Ogden’s value creation stems from:
• The acquisition of undermanaged or undercapitalized assets that we can stabilize.
• The implementation of a dynamic asset management plan to improve operating cash flows and position an investment for sale at maximum price upon stabilization.
• The design of optimal exit strategies that can generate maximum asset value, including an individual asset sale or portfolio sale.
