March Capital Management

Meet Bora Ozturk, Co-Founder of March Capital Management, a leading real estate investment fund and developer focused on Texas and California Industrial, Multi-Family and SFR. Don’t miss our US Real Estate Meeting West taking place at the Pendry Hotel in Newport Beach, CA on April 22nd. For information: [email protected]

On Monday, the Menlo Park Planning Commission voted 7-0 in favor of our project, marking a major milestone for our team. 3705 Haven is now fully entitled! This approval clears the way for 112 much-needed multifamily homes in Menlo Park. A huge thank you to our team and partners for their dedication and effort in making this happen. Now, we move full steam ahead to bring this vision to life! #Teamwork #Milestone #MenloPark #3705Haven #BayAreaHousing #RealEstateDevelopment Architect: LDP Architecture, Inc.

Progress update from 45 Logistic South in Austin, TX!??? Phase I construction is now 80% complete and Phase II is shovel ready. Stay tuned as we approach the finish line!? #IndustrialRealEstate #AustinTX #ConstructionUpdate?#Development

We began developing ultra-luxury homes at a luxury resort in Big Island of Hawaii a few years ago. Hawaii was a new market for us, which led to some pushback from our LPs about entering a market we were unfamiliar with. Additionally, we frequently heard concerns that the ultra luxury market is the most vulnerable during economic downturns (depends on the product/location, but Hawaii luxury market has been remarkably strong). Recently, we announced the sale of the final home in this development, achieving over 40% net IRR (annualized compounded returns). The combined project also generated over 40% net IRR for our fund partners. We anticipated the challenges of developing in Hawaii. Labor shortages were significant, and labor costs were several magnitudes higher than in California (hard to believe, but true). When the surf was up, our framers would call in sick ?? ?Also, we faced challenges such as volcanic eruptions, insurance restrictions, and strict regulations imposed by high-end resorts. Construction was banned during festive periods and weekends, and even truck sizes were regulated. Despite these obstacles, we were drawn to this market because it caters to ultra-wealthy buyers who typically do not rely on borrowing and are less impacted by interest rate fluctuations. The availability of land in high-end resorts is extremely limited. Our investment thesis was that buyers in this segment would pay a premium for fully turnkey products, as they generally prefer not to deal with construction themselves. Our assumptions proved correct. This project will result in a significant windfall for our Fund IV LPs. Including this transaction, the median IRR across our four funds is now 35%, encompassing 29 completed projects! March Capital Management

Last week, we hosted our annual holiday party, bringing together over 150 investors, partners, and friends to celebrate.?It was a wonderful reflection of?the great community we’ve built and the dedication of our amazing team. Here’s to continued success and an exceptional 2025!??? #HappyHolidays ?

We're excited to have Eduardo Sagüés Castillo, Partner, Development at March Capital Management, speak at The Private Markets Florida Meeting, December 6th, 2024. For agenda or registration inquiries email: [email protected] Register Today! https://lnkd.in/eWq48YrW

Great progress at 45 Logistic South near Austin, TX! Building 2 now has walls up, and the roof is on for Building 3. Stay tuned for more updates! #ConstructionProgress #45LogisticSouth #IndustrialDevelopment #ProjectUpdate #DroneView

Exciting progress is happening on-site at 45 Logistics South near Austin, Texas. #GoingVertical We look forward to sharing more updates as things take shape! #CreedmoorTX #IndustrialDevelopment #45LogisticsSouth

We recently attended a real estate panel organized by Carmo in NYC. It was great to be on the same panel as industry leaders Sarah Jancot, David Hamm, and Sean Dalfen. While there are?one-off opportunities for common equity, capital remains on the sidelines, still awaiting further direction from the Fed.??

https://lnkd.in/gwnB_RCA We typically decline press interviews. I think I have declined over two dozen interviews on various SF projects over the last decade. I decided to do this interview with the hope that it helps the city in the future. The process in CA (and especially SF) is broken mostly due to CEQA and arbitrary discretionary permitting. I am hoping that there will be a reform of CEQA and discretionary permitting. Until that point, capital will continue to flow outside of SF and CA. Gavin Newsom