Seneca is a vertically-integrated real estate development company based in Portland, Oregon.
At Seneca Development, our investment philosophy is rooted in capital preservation and income generation, as we aim to both grow and safeguard the net worth of our investors and managing partners. We have embraced a vertically integrated investment approach that fosters seamless communication among our investment team, design studio, and operations personnel. This integration allows us to efficiently design, construct, and structure capital for each asset, enabling us to provide our investors with attractive returns while meeting the rising demand for exceptional multifamily properties. Our commitment to this comprehensive approach ensures a streamlined investment process and positions us to effectively navigate the ever-changing real estate landscape.
Our Vertical Integration Strategy
DEVELOPMENT
Seneca's team of experienced real estate developers are responsible for managing every aspect of the development process. This includes site identification, risk assessment, land assembly, design, entitlements, underwriting, debt structuring, construction oversight, and pre-opening management.
Our development team provides hands-on oversight throughout the entire investment process, actively identifying and addressing any foreseeable issues. By anticipating potential challenges and addressing them early on, we are able to prevent later events that could adversely impact the quality of the investment.
CONSTRUCTION
Seneca operates an independent general contractor dedicated to constructing assets on behalf of the company. Our construction and development teams work together closely to ensure transparency in all aspects of the construction process, including costs, scheduling, material procurement, and any change events that may arise.
Our commitment to aligned interests between the construction and development teams allows for effective communication and helps to mitigate cost risks. This approach also provides an additional layer of protection for Seneca's portfolio, ensuring that our assets are constructed to the highest standards and meet our expectations.
ASSET MANAGEMENT
The managing members take a hands-on approach to managing investments. Unlike equity managers who research companies and manage the probabilities of their success, our managing partners are directly involved in defining and executing opportunities at the project level.
Our managing partners are responsible for every aspect of the investment process, from asset allocation and risk management to transaction structure and direct dealings with the development team, construction team, property management team, and the assets themselves. By taking a proactive and involved approach to every investment opportunity, we ensure that our assets are well-managed and meet the highest standards of quality.
