Investment Philosophy
Westside maintains a disciplined, opportunistic investment approach based on building strong relationships for sourcing deals. By searching a wide range of opportunities, and understanding and mitigating hidden risks, we are able to effectively and efficiently execute our asset management strategy of achieving long-term value.
Westside’s investment approach is based upon the following consistent set of principles:
- Understand and account for foreseeable risks
- Acquire properties for less than they are worth today
- Pursue irreplaceable assets like mobile home parks limited by municipal zoning restrictions, or properties with irreplaceable locations
- Seek properties where inefficiencies or value propositions exist
- Pursue properties other investment groups avoid
- Pursue a broad range of asset classes from mobile home parks to mixed-use developments
- Develop and maintain business relationships to find new opportunities including: real estate brokers, distressed debt brokers, property owners, business leaders, finance sources
- Capitalize on our principal's experience
- Andy Klein worked for a large Wall Street opportunity fund and acquired a wide range of assets
- Andy Klein worked for a large Wall Street opportunity fund and acquired a wide range of assets
- Manage assets to build an income-producing portfolio
- Maximize income potential of each property
- Budget annual cash requirements to meet short-term needs while optimizing long-term values
- Maintain an employee profit-sharing plan