Our real estate strategy is to pursue investments in fee simple real estate, leaseholds, and mortgages where entitlement, development, leasing, and management expertise can add value. Farallon invests across a broad range of asset types and at all points in the capital structure. Investments typically involve the purchase of assets at a significant discount to replacement cost or the development to a higher use. Farallon often partners with experienced local developers who are involved in the day-to-day management and oversight of specific real estate projects.