Rising Realty Partners’ Chris Rising on Investment, Development Strategy

By Dennis Kaiser

Rising Realty Partners’ Chris Rising will be speaking on a Connect Real Estate Los Angeles panel next week, titled: Buy, Build, Sell, or Hold: Investment & Development Insights. There’s still time to register here and join us for a jam-packed afternoon of conversations, networking and presentations.

Rising also recently launched a CRE podcast called The Real Market, where he discusses the hottest issues driving commercial real estate today. Recent conversations were with NKF’s Kevin Shannon, JLL’s Carl Muhlstein, and Gensler’s Andy Cohen. You can stream episodes at chrisrising.com/podcast, iTunes, or wherever you listen to podcasts.

We asked Rising to share a few insights on the Los Angeles market in our latest 3 CRE Q&A.

Q: What is your investment and development strategy for 2018, and how has that changed over the past few years? 

A: At Rising, our mission has always been to create great places. In 2018, we plan to continue to do that by building and maintaining our strong existing industry relationships, which we hope to leverage into acquiring assets via off-market deals. We are specifically targeting assets with the potential to unlock and significantly increase value via Rising’s asset enhancement programs. At the same time, we are mindful of exit cap assumptions due to rising interest rates.

Q: What is driving your investment and development decisions in Los Angeles today?

A: The core feature is our knowledge of the Coastal California real estate market, and the potential to create value within the submarkets that we know best. We are actively searching for opportunities in Downtown LA, as it has great potential, but are also looking for value in other submarkets across Los Angeles.

Q: What are some examples of Rising’s projects or investments that reflect that strategy?

All of our projects reflect our investment strategy. A few highlights are:

The Trust Building – Acquired following a broken transaction. This is the largest restoration project on Spring Street. It’s an opportunity to revive a historic landmark office building in a booming part of DTLA.

The CalEdison – An off-market deal. We have attracted more than 100,000 square feet of new tenants and generated significant value for our investors by enhancing a beautiful but under-utilized lobby, recapturing usable balconies, and offering best-in-class amenities.

1200 W 7th – A complex asset with fully-occupied office tower, an under-utilized subterranean data center, and large parking structure.

One Cal Plaza – Off-market transaction of a nearly fully-occupied skyscraper on Bunker Hill.

For comments, questions or concerns, please contact Dennis Kaiser