Who Is Gray Harbor Capital?
Gray Harbor Capital, LLC, is a boutique investment management firm that specializes in single-tenant federal government leased real estate. Gray Harbor Government Advisors, LLC, is wholly owned by Gray Harbor Capital, LLC, and serves as Advisor to Gray Harbor Government Income REIT.
Strategy
Gray Harbor Government Income REIT is focused exclusively on acquiring and developing properties leased to the federal government and backed by the full faith and credit of the United States of America. Gray Harbor’s philosophy is superior risk-adjusted returns can be achieved by building a portfolio that has the same credit exposure as U.S. Treasuries; targets better than equity performance; and produces uncorrelated returns versus other asset classes.
To accomplish this, our team targets property acquisitions and development projects that meet the specific needs and requirements of politically agnostic, specialized agencies that have enduring missions critical to our country’s national security, infrastructure, and essential services. We construct the portfolio by diversifying across lease terms, federal agencies, lease generations, locations, and size. We focus on secondary and smaller markets where the Federal Government prefers leasing over direct ownership, and where demographics support the long-term need for tenant agencies.
The primary return objective of the strategy is 10 – 12% net. Supplemental objectives include providing our investors with capital preservation, current yield, uncorrelated monthly returns, tax-efficiency, inflation protection, and long-term wealth creation.
There can be no assurance these objectives will be achieved.
Process
Source
Acquire
Manage
Who Is Gray Harbor Capital?
Gray Harbor Capital, LLC, is a boutique investment management firm that specializes in single-tenant federal government leased real estate. Gray Harbor Government Advisors, LLC, is wholly owned by Gray Harbor Capital, LLC, and serves as Advisor to Gray Harbor Government Income REIT.
Strategy
The Gray Harbor Government Income REIT is focused exclusively on acquiring and developing properties leased to the federal government and backed by the full faith and credit of the United States of America. Gray Harbor’s philosophy is superior risk-adjusted returns can be achieved by building a portfolio that has the same credit exposure as U.S. Treasuries; targets better than equity performance; and produces uncorrelated returns versus other asset classes.
To accomplish this, our team targets property acquisitions and development projects that meet the specific needs and requirements of politically agnostic, specialized agencies that have enduring missions critical to our country’s national security, infrastructure, and essential services. We construct the portfolio by diversifying across lease terms, federal agencies, lease generations, locations, and size. We focus on secondary and smaller markets where the Federal Government prefers leasing over direct ownership, and where demographics support the long-term need for tenant agencies.
The primary return objective of the strategy is 10 – 12% net. Supplemental objectives include providing our investors with capital preservation, current yield, uncorrelated monthly returns, tax-efficiency, inflation protection, and long-term wealth creation.
There can be no assurance these objectives will be achieved.
Process
Source
Acquire
Manage
Benefits of Investing in Federal Government Leased Real Estate
Portfolio Construction
Gray Harbor Government Income REIT’s portfolio construction process draws from the investment team’s 125+ collective years of experience in the federal-government leased real estate sector. Through this experience, the investment team has identified specific property, lease, and market characteristics that are incorporated into Gray Harbor Government Income REIT’s portfolio construction process to seek to achieve its investment objectives.
There can be no assurance these objectives will be achieved.
Facility Characteristics
Focused Strategies
Market Characteristics
Portfolio Construction
Gray Harbor Government Income REIT’s portfolio construction process draws from the investment team’s 125+ collective years of experience in the federal-government leased real estate sector. Through this experience, the investment team has identified specific property, lease, and market characteristics that are incorporated into Gray Harbor Government Income REIT’s portfolio construction process to seek to achieve its investment objectives.
There can be no assurance these objectives will be achieved.
Facility Characteristics
Focused Strategies
Market Characteristics
Benefits of Investing in Federal Government Leased Real Estate
Highest Quality Credit
Leases are backed by the full faith and credit of the United States of America
Niche & Specialized Investment Strategy
Provides investors with a differentiated investment offering and a unique exposure for their portfolios.
Contractual and Durable Income Stream
Our tenants are backed by the United States of America providing investors comfort regarding rent collection versus other areas of commercial real estate.
Highly Fragmented Industry
The largest owner of federally leased assets owns just over 5% of the total market.
Highly Financeable
Financing is strong for government leased properties given the quality of the underlying tenant.