While this milestone places Dekel in a new league, Ronen says that the firm is not changing its strategy as a result. Now, they have their sites set on another $100 million in equity investment. “We are going to continue doing more of the same. This year our goal is to do another three to five deals and another $30 million of equity,” says Ronen. “With existing and new partners, we will continue to be on the look out for new opportunities. It would be nice to hit another $100 million over the next few years, and that is a very realistic goal for us.”

LOS ANGELES—Dekel Capital has officially invested $100 million in joint venture equity for multifamily and senior living deals. The firm launched its equity program three years ago and strategically focused on joint venture deals and multifamily properties. This milestone for the firm puts the company on the map, according to Shlomi Ronen, managing partner at the firm.

“This milestone really puts us on the map now,” Ronen tells GlobeSt.com. “When you are a start-up, there are always concerns about your ability to execute, and now having done $100 million, we are a real player in the space.”

The firm is conservative and selective, investing in only three to five deals a year in the $30 to $50 million range. This strategy has stayed consistent since the firm's founding. “We have been at this for three years now on the equity side and really created a niche for ourselves in the joint-venture equity space,” says Ronen. “Our average check size is around $8 million, and we are targeting deals that need between $5 and $15 million in equity. We have also kept a Western State focus for our geographical playground. We have been able to stick to what we wanted to do, which is invest in housing and specifically multifamily. If the 12 projects we have completed, nine have been in market rate multifamily and the remaining three are in the senior assisted living memory care space, which we are also very excited about given the demographic shift that is happening in the country.”

While the strategy has served them well, Ronen says that the firm also had the market behind them. “There is quite a bit of multifamily development happening,” he adds. “We have been selective and the sponsors that we have undertaken, and we continue to be so. For every 100 deals that we look at, we will take three to five, so for us it is really about finding the right sponsors and opportunities.”

While this milestone places Dekel in a new league, Ronen says that the firm is not changing its strategy as a result. Now, they have their sites set on another $100 million in equity investment. “We are going to continue doing more of the same. This year our goal is to do another three to five deals and another $30 million of equity,” says Ronen. “With existing and new partners, we will continue to be on the look out for new opportunities. It would be nice to hit another $100 million over the next few years, and that is a very realistic goal for us.”