Four lines of work, each delivered by the founder.

We work alongside your bankers, lawyers and brokers, not in place of them. Every engagement starts with a confidential conversation.

Chicago Marriott Downtown from above
Chicago Marriott Downtown, a DiamondRock asset

Owner and board advisory

Retained strategic counsel for public REIT boards and large private owners.

  • Strategic alternatives: sale, merger, going private or staying the course, tested independently.
  • Activist preparedness and response: rebuild the NAV bridge asset by asset and test the activist's claims.
  • Portfolio strategy: what to keep, sell, reposition or convert, timed to your balance sheet.
  • Operator and management agreements: fees, performance tests, termination rights and transitions.
  • Internalization and platform decisions. Public-company readiness.
The Gwen, Chicago
The Gwen, Chicago: Conrad to Luxury Collection, with a new operator

Capital allocator services

For family offices, private equity and sovereign investors entering operating real estate without in-house operating depth.

  • Acquisition diligence and underwriting review.
  • Operator selection and oversight.
  • A named operating partner on a specific acquisition or platform.
  • Take-private evaluation.
  • Portfolio triage: hold, fix or exit, asset by asset, with a capital plan attached.

Senior housing diligence is delivered with a clinical co-advisor.

Henderson Beach Resort, Destin
Henderson Beach Resort, Destin

Transaction and capital markets

Owner-side counsel, working alongside the broker or bank running the process.

  • Sell-side and buy-side advisory.
  • Recapitalizations and workouts.
  • Debt placement and equity raises.
  • Owner's representative on conversions and repositionings.
Cavallo Point, Sausalito
Cavallo Point, Sausalito: acquired off-market in 2018, paid partly in operating partnership units

Board and executive roles

Independent REIT directorships, private company boards, and interim or fractional CEO and CIO roles. Fifteen years as a public-company director, including the compensation chair and audit committee at Chambers Street Properties through its merger and sale. Where Mark serves as a director, Elmsworth takes no advisory fee from that company. Board experience

Bourbon Orleans Hotel, New Orleans
Bourbon Orleans, New Orleans

Every engagement starts with a confidential conversation.

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