About Somera Road Inc.
Somera Road Inc. is a New York-based commercial real estate investment firm focused on value-add and opportunistic transactions across all asset classes and geographies. Somera targets off-market acquisitions previously impaired by some form of distress such as loan defaults, partnership disputes, and bankruptcy. These opportunities are often overlooked by larger institutional investors. Somera takes an entrepreneurial and methodical approach to identify off-market real estate opportunities that generate above market returns for its investors. With a disciplined and aggressive approach, Somera drives value through strategic asset re-positionings, targeted capital improvement plans, and best-in-class, hands-on asset management.
Since its inception, Somera has acquired over $800 million in real estate totaling approximately 9.5 million square feet across 20 U.S. cities.
With a focus on maximizing risk adjusted returns and an underlying commitment to preservation of principal, Somera capitalizes on market inefficiencies and over-leveraged investments. Besides traditional real estate, members of our team have had experience structuring and acquiring Commercial Mortgage Backed Securities (“CMBS”), non-performing loans, REO assets, B-Notes, Mezzanine Loans, and distressed JV-equity positions.
Somera targets cities with a trajectory that our team believes in and focuses on assets that are ripe for recovery. In addition to delivering the necessary property-level investment and repositioning, our boots-on-the-ground approach means we work directly with local policy makers, city planners, and real estate professionals to revitalize assets at the macro level. We aim to be thoughtful, nimble, responsive, and responsible in our interactions with all our counterparties. We ensure that in every transaction, we take an aggressive approach, are well-capitalized, and true to our word.
Our market-specific relationships and unique access to non-traditional opportunities – combined with our experience, reputation, and discipline – position Somera as a leading middle market real estate investment platform.
As we continue to grow our network, our partners have become repeat investors, lenders, brokers and attorneys.
Somera prides itself on being responsive, attentive, and reliable in regards to all investor relations. In addition to quarterly reporting, Somera’s team is always available to talk to its investors.
With its large pipeline of potential investments, Somera’s detail oriented underwriting, market-specific research and understanding, and hands-on approach are critical for mitigating risk.
Alignment of Interests
Somera’s principals invest their own capital alongside investors in every deal. This alignment ensures that no investment is made without the principals’ confidence in its merits.