The people who underwrite it are the people who run it.
SQUARE2 acquires and repositions office, mixed-use, and adaptive reuse assets across Florida's core submarkets. It also operates buildings: its own, and buildings owned by other people. That combination is less common than it sounds.
The arrangement has a practical consequence. What the operating team learns about a building goes into how the next acquisition is underwritten. What the underwriting assumes at the point of purchase is tested every day by the people running the asset. Neither side can make a claim the other will not have to support.
That is what one discipline means.
Square, squared.
Four corners. Two squares. One standard.
Investment
Office, mixed-use, and adaptive reuse across Florida's core submarkets, sourced on and off-market and underwritten below replacement cost. Repositioning that extends to the building's name, its identity, and how it is marketed, not only its systems and finishes.
THE ASSETS WE OWN
Property Management
Dedicated on-site teams. Managers accountable for the financials, not only the finishes. Experience governance at every point of entry, proactive rather than reactive maintenance, and the protection of how a building is perceived by its tenants, its market, and its owner.
THE ASSETS WE OPERATE
Investment Criteria.
- What we buy
- Office, mixed-use, and adaptive reuse assets.
- Where
Major Florida markets with high barriers to entry. Submarkets proximate to where the people making the decision already live.
An inch wide and a mile deep.
- How we find it
- On and off-market, through principal relationships.
- WHAT WE UNDERWRITE TO (LIRR)
- Value-add, 14 to 18 percent. Opportunistic, 19 percent and above.
- HOW WE REPOSITION
- The building and its brand. Renamed, rebranded, and the marketing rebuilt.
An owner's stake, not a fee.
The fee-only model pays for attendance. An owner's stake pays for outcomes. SQUARE2 makes decisions at acquisition and on site the way an owner makes them, because on most of these assets we are one. On the rest, we behave as though we were.
Square it.
Bring us a building, a thesis, or a partnership. We'll tell you plainly what we see in it, and whether we're the right firm to hold it.
Capital and Ownership Inquiries.