Investment Approach

A Disciplined, Hybrid Debt & Equity Strategy

Circle pursues opportunistic investments across the capital stack, deploying a flexible mandate that allows us to move quickly and creatively where institutional capital is scarce and complexity creates value.

Investment Types

— Debt purchases (sub-performing and non-performing)

— Originations (whole loans, subordinate debt & preferred equity)

— Acquisitions (value-add & opportunistic, including REO short-sales)

— Special situations

Investment Criteria

— Investment Size: $7M – $100M+

— Property Types: Office, residential, retail, industrial, hospitality

— Target Markets: Top 15 MSAs

— Risk Profile: Varied, including pre-development and development