Real Estate Partners announces investment in IDA, a specialist real estate private credit and investment manager | Group
Summary
IDA remains focused on seeking to deliver attractive risk-adjusted returns for its client base across Private Credit, High Yield and Land Syndication & Community Creation investment strategies, leveraging the growing demand for Australian real estate development financing which is underpinned by a structural undersupply of housing and reduced availability of traditional bank financing for developments.IDAs founding partners Adam Kaye, Robbie Fallon and Jeremy Urbach will retain majority ownership and continue to lead IDAs day-to-day management.MREP, the second vehicle in MAM Real Estates flagship opportunistic fund series, leverages Macquarie Asset Managements track record of investing in and partnering with specialist operators and aims to create a diversified portfolio targeting real estate sectors supported by strong structural macroeconomic drivers.James Kemp, Head of Real Estate Asia Pacific, Macquarie Asset Management, said: MAM Real Estate has extensive experience investing in specialist operators, like IDA. We focus on sectors that are supported by structural tailwinds and then find the best business or team in that sector to partner with.We look for management teams that can differentiate themselves in their market and our successful track record of investing in and growing these specialist operators allows us to be very selective. We believe IDA is well positioned to grow its platform and capitalise on the increasing demand for flexible development financing solutions while offering compelling investment opportunities for its clients. IDAs long standing track record demonstrates the management teams ability to price and manage risk through cycles.Founded in 2010, IDA specialises in providing mid-market real estate private credit and financing solutions and has been a capital partner in over $A5 billion of projects across more than 100 investments. We welcome the opportunity to partner with a fund managed by a leading global specialist asset manager to grow IDAs capabilities in Australia.Established in 2010, IDA is a leading Melbourne-based specialist real estate private credit and investment manager.Matching market leading origination, structuring and investment management capabilities with private wholesale capital and real estate financing and investment opportunities, IDA creates and manages bespoke real-estate backed investment portfolios for its investors whilst offering flexible and accretive capital solutions to Australian middle-market real estate owners and developers.As a capital partner in over A$5.0bn in projects, IDA has deep and broad experience within all real estate asset classes & typologies and all parts of the capital stack.Operating under the day-to-day management and majority ownership of founding partners Adam Kaye, Robbie Fallon and Jeremy Urbach, IDA employs a first class team of finance and investment professionals and maintains a proprietary approach to business co-investing meaningfully alongside IDAs valued investment and development partners.