The principals of Kaufman Jacobs prefer the term “operational philosophy” to “investment philosophy” because it denotes their holistic approach to investment activities: maximizing profitability in commercial real estate has as much to do with the energetic and skilled management of an asset as it does with the initial investment decision.
The firm’s primary investment objective is the pursuit of capital protection and appreciation through the acquisition of undervalued commercial real estate, with a special emphasis on GSA leased assets. From a management perspective, the firm places great importance on overseeing its assets and projects directly, rather than outsourcing various management responsibilities to third parties. This hands-on approach increases return on KJ investments by enhancing the firm’s ability to identify value-add opportunities at its assets. In addition, active management aids in proactively meeting tenant needs, thereby increasing the likelihood of tenant retention and minimizing rollover exposure.
KJ considers a trophy asset not simply to be one of quality build and tenancy; it’s also one that is managed to superlative tenant satisfaction. From its most stabilized properties to its most complex, KJ views every asset as a dynamic entity, each requiring energetic hands-on attention to detail from conception to disposition.