SAN FRANCISCO-643 Capital Management, a private investment firm focused on debt and equity strategies in distressed real estate, recently revealed it has left McKinley Partners. The new company is led by managing director Gregor Watson, co-founder of McKinley, and will be joined by Watson’s acquisitions team, which has an established track record of acquiring over 500 homes and plans to invest up to $200 million in the coming year. GlobeSt.com caught up with Watson to discuss where the company is focusing on investment and a little bit about how he finds the deal, or his “secret sauce,” as he puts it.

GlobeSt.com: Tell us about the decision to leave McKinley Partners, what that means for 643 Capital Management and what and how much you plan to invest in during the coming year?

Watson: Leaving McKinley allows me to focus on a very specialized asset class and recruit executive level talent into a specific strategy. It was a tough decision to leave and I have some great partners at McKinley. We have made fantastic investments together. The launch of 643 Capital allows me to take advantage of a great opportunity that requires specific talent at the senior management level. 643 Capital is built to provide a multi-strategy approach to non-core real estate. We will focus on mid-market investments where there is less competition at scale strategies like our single-family rental platform that allows us to deliver outsized returns due to inefficiencies in the market. We expect to invest between $150 million to $200 million over the next year.

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Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.