Somera Real Estate Group was founded in 1994 to facilitate investments by a family office into an array of real estate opportunities from profits generated in several operating companies. As the portfolio developed, there was a desire to activate a more structured and direct platform, and Somera Capital Management was formed by David Brown and Steve Firestone in late 1997. This new direction provided for enhanced management and the inclusion of similar investors to share in the company’s investment opportunities.
Somera Capital Management, led by Managing Partner David Brown, whose real estate investment experience extends back to 1983, enjoys a proven track record of sourcing quality projects that preserve invested capital through thoughtful asset plans that emphasize distributable cash flow to their investors. With more than two decades of experience in achieving attractive risk-adjusted returns, Somera’s team seeks to identify market trends and unique situations that provide investment opportunity in diverse regional markets across multiple sectors. This practice has led to more than $2 billion in transaction volume though more than 100 separate investment ventures.
Today, Somera continues to invest its principal’s and investor’s capital, and actively manages more than two dozen projects in a portfolio valued at more than $500 million. With a conservative leverage profile, stabilized asset plans provide consistent cash flows that continue to generate attractive returns to their investor partners.