As hands-on investment managers, we are actively engaged with our local property management teams to provide information and receive feedback in real-time. With respect to COVID-19 (coronavirus) and its implications on our properties, here is a partial list of actions we have already taken:
- Increased frequency of cleanings and utilizing CDC-recommended products.
- Set up hand sanitizing stations – to the extent available – at building access points.
- Communicated directly with tenants to address concerns and to ensure we are made aware of any employee level risk.
Both Streitwise, and our Sponsor, Tryperion Partners, have implemented safety procedures for all employees to work from home and are available to help both investors and potential investors during business hours.
We continue to believe a core-plus stabilized REIT investment like Streitwise is a valuable asset in any conservative investor’s portfolio, especially in periods of market volatility. That’s why our principals invested $5 million of our own money into Streitwise, and are happy we did.
Eliot Bencuya is the co-founder and CEO of Streitwise. Eliot has extensive experience identifying, underwriting, and executing value-add real estate investments.
Prior to forming Streitwise, he was a Vice President of Acquisitions for Canyon Capital Realty Advisors and the Canyon-Johnson Urban Funds, where he was responsible for originating, underwriting, structuring and executing transactions in the Pacific Northwest, Northern California and Midwest regions. Mr. Bencuya also held positions at Sovereign Investment Company (a subsidiary of the Marcus and Millichap Company) and the investment banking division of Merrill Lynch & Co. He holds a Bachelor of Arts degree in Economics and International Studies from Yale University, and a Masters of Business Administration degree from the Haas School of Business at the University of California, Berkeley. Mr. Bencuya is a member of ULI.