Friends-and-Family Partnerships

We capitalize projects with our own equity, and have also financed investments with bank debt, Wall Street capital, securitized conduit loans, and insurance company financing. We form partnerships with equity best described as “friends-and-family” and grown companies with large equity raises involving securities filings, and operated as a quasi-public company with investor shareholders that include large public pension funds, mutual funds, hedge funds and other private equity investors. In 2011 FLB raised its first Private Equity Fund (“FLB Fund 1”) to focus on acquisition opportunities throughout the Mid-Atlantic region. FLB Fund 1 focused predominately on industrial properties in the $3M to $15M deal size.

Our Experience

Capital Market Transactions

  • Raised $86 million in a 144-a private securities offering from public and private investors, hedge funds and mutual fund investors. A follow-on $75 million offering was filed and became effective with the S.E.C. before being withdrawn due to declining capital market conditions
  • Borrowed more than $50 million of new mortgages for Asset Capital Corporation, Inc. and assumed an additional $40 million of securitized debt
  • Originated a $15 million mezzanine loan secured by interests in a ten building portfolio
  • Borrowed more than $52 million for the acquisition of five properties for our predecessor company ACC, LLC
  • In 2011, FLB raised and closed on it’s first Private Equity Fund “FLB Fund 1”
  • In 2015, FLB sold the last FLB Fund 1 property

Performing/Non-Performing Debt Portfolios

  • Our principals routinely managed more than $100 million in book value of troubled loans and REO (owned) properties while asset managers at JE Robert Companies between 1993 and 1998
  • Negotiated troubled loan work-outs with borrowers that included discounted payoffs, deed-in-lieu of foreclosures, bankruptcy proceedings, foreclosure, taking title to properties and more
  • Managed the acquisition of more than $1 billion in portfolios of performing and non-performing loans as well as REO properties purchased from life insurance companies, banks, government agencies and other sellers


  • Acquired more than $230 million for Asset Capital Corporation, Inc. in approximately nine months following equity capital raise: 11 commercial properties, 1 mixed-use land development; 2 structured finance loans
  • Acquired approximately $45 million of office properties (5) for predecessor entity (ACC)
  • Acquired more than $1 billion in mortgage and property portfolios (book value) for JE Robert Cos as acquisition managers

Management and Corporate Structure

  • FLB and PSG are limited liability companies with a combine staff of 13 real estate, management and maintenance professionals
  • Co-founded Asset Capital Corporation, LLC in 1998 and its successor Asset Capital Corporation, Inc. in 2005
  • Grew ACC, Inc. from four to more than 40 employees in approximately 18 months
  • Our principals have each been responsible for the direct property management and leasing of individual properties as well as overseeing property managers and leasing agents in an asset management role

Joint Ventures and Sale-Leasebacks

  • Structured joint ventures for the ownership of a 450,000 square feet office campus comprising seven buildings, three separate partnerships, three different loans and the development and construction of an eighth building on-site
  • Completed seven separate sale lease-backs whereby our principals structured purchases of tenant-owned buildings and a concurrent lease by the seller for substantial portions or the entire buildings
  • Our principals have negotiated and structured JV partnerships ranging from high net worth family offices to traditional institutional investor equity sources.