Investment Philosophy

At Icarus, we stand apart through our consistent and sophisticated approach to real estate investment. Leveraging diverse channels for investment procurement, we identify and execute unique opportunities with precision. Our extensive experience across multiple asset classes gives us broad expertise across various products and geographies. Additionally, through our co-GP platform, we collaborate with top-tier sponsors, providing pursuit capital, guarantor support, and co-investment capital to drive success.

Direct Investments

Direct Investments

General Criteria
  • Nationwide with a concentration in the Southeast
  • Office, industrial, IOS, land, and other special situations
  • Acquisitions and build-to-suits
  • Investment size – $1-100 mm
  • Value add and opportunistic scenarios

Available Products
  • Owner/sponsor

Co-GP Investments

Co-GP Investments

General Criteria

  • All asset classes and geographies
  • Acquisitions, development or recapitalization
  • Sponsors – Newly formed and highly established
  • Investment size – $0-10 mm
  • Opportunistic returns
  • 0-5 year hold periods


Available Products

  • Co-investment capital
  • Pursuit costs
  • Balance sheet support
  • Debt and LP equity relationships

Special Situations

Special Situations

General Criteria

  • All asset classes and geographies
  • Acquisitions, development or recapitalization
  • Investment size – $0-10 mm
  • Opportunistic returns
  • 0-5 year hold periods


Available Products

  • Preferred equity
  • Senior debt positions
  • Gap capital