CHICAGO—Forming a new enterprise out of existing businesses can be a bit of a risk. There are always questions about how the various components will fit together or whether a culture clash will occur when once-separate staffs begin collaborating. But when done thoughtfully, the new organization can provide advantages, and not just ones that rely on simple size.

Capri EGM, for example, a joint venture formed in 2014 by Capri Capital Partners, LLC with Equity Global Management, brought together two Chicago-area groups working in different sectors. Capri has specialized in multifamily and multifamily mixed-use investments for decades on behalf of major institutional investors, while EGM focuses on significant net lease, sale-leaseback and build-to-suit real estate investments in office, industrial and retail properties.

But Shelby E. L. Pruett, co-chairman and chief executive officer of Capri EGM, tells GlobeSt.com that in the past year or so the partnership has given this new company almost unique insights as it navigates the US market.