Shlomi Ronen

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.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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