Special Purpose

Tailored Solutions For Specialized Properties

OVERVIEW

Macallan Capital Partners provides comprehensive investment banking and advisory services for special purpose projects. Our team brings decades of experience in structuring capital solutions tailored to the unique requirements of this asset class.

Whether you are seeking debt financing, equity partnerships, or strategic advisory, we leverage our deep industry relationships and market expertise to deliver optimal outcomes for our clients.

Market Opportunity

Special purpose properties represent one of the most resilient and recession-resistant segments of the commercial real estate market. These mission-critical facilities—from data centers supporting digital infrastructure to self-storage properties serving essential consumer needs—benefit from structural growth drivers including e-commerce acceleration, urbanization, and the secular shift toward outsourced asset management. The specialized nature of these properties creates significant barriers to entry, generates predictable operating cash flows, and attracts a diverse investor base seeking stable returns and downside protection.

Macallan Capital Partners brings institutional expertise in structuring debt and equity for special purpose assets across multiple disciplines. Our deep relationships with life insurance companies, bank lenders, CMBS investors, and alternative capital sources enable us to tailor financing solutions that align with the unique risk profiles and operational characteristics of these properties. Whether sourcing permanent financing for a newly constructed data center or recapitalizing an established parking structure, our team understands the nuances required to execute complex transactions in this dynamic market.

$245B
Special Purpose CRE Market Value
8.2%
Avg. Annual Growth Rate (2018-2023)
73%
Data Center CAGR (2020-2025E)
$156B
Self-Storage Total Assets (U.S.)

Asset Profiles We Serve

Data Centers & Telecom

Mission-critical facilities supporting cloud computing, AI infrastructure, and digital ecosystems. Strong tenant credit and long-term triple-net lease structures create institutional investment characteristics.

Self-Storage Facilities

Essential consumer asset class with consolidated ownership, high cash flow yields, and minimal capital expenditures. Beneficiary of structural demand from population mobility and lifestyle changes.

Cold Storage & Logistics

Specialized temperature-controlled facilities supporting e-commerce, food supply chains, and pharmaceutical distribution. Critical infrastructure with limited supply and operational complexity as key moats.

Alternative Properties

Diversified portfolio including marinas, car washes, religious facilities, and other niche assets. Experienced underwriting across emerging asset classes with unique value propositions and defensible economics.

Typical Deal Structure

Debt Placement

  • Life Insurance Company Mortgages (10-15 year fixed rates)
  • CMBS Securitization (70-75% LTV standard)
  • Bank Credit Facilities (floating rate with floors)
  • Mezz/Preferred Equity (8-10% levered returns)

Equity & Joint Ventures

  • Core+ Fund Partnerships (4-6% IRR targets)
  • Value-Add Sponsor Relationships (12-15% IRR)
  • Development Joint Ventures (sale-leaseback structures)
  • Opportunity Fund Co-investments (15-18%+ IRR)

Typical special purpose transactions range from $25 million to $500 million in total capitalization, depending on asset type and complexity. Data centers and large-scale cold storage facilities tend toward the higher end, while self-storage and alternative properties span the full range. Macallan structures deals across all capital stacks, from senior debt to development equity, maintaining flexibility to meet sponsor return requirements and investor mandates.

The Macallan Approach

Specialized Asset Expertise

Our team combines real estate investment banking acumen with deep operational knowledge of special purpose property management. We engage specialized advisors and underwriting protocols for each asset class, ensuring thorough due diligence and realistic financial modeling specific to the property's operational characteristics and market dynamics.

Multi-Source Capital Access

Macallan maintains established relationships across the full spectrum of capital sources—life insurance companies, banks, CMBS platforms, pension funds, and alternative lenders. This breadth of relationships enables us to source competitively-priced capital efficiently, often presenting sponsors with multiple term sheets and optimizing the overall transaction cost of capital.

Sponsor Alignment & Value Creation

We structure transactions aligned with sponsor value-creation strategies, whether through lease-up period financing, operational improvement transitions, or portfolio rebalancing. Our involvement extends beyond capital markets execution to include strategic advisory on positioning assets for optimal exit outcomes and maintaining lender/investor relationships throughout the hold period.

Ready to discuss your special purpose project?