Kensington Stern is a Utah based Single Family Office seeking wealth preservation and capital growth through investments in a variety of asset classes, including real estate, technology, manufacturing, operating companies, and other ventures. On occasion, we consider placing “seed capital” with founders for early and late-stage startups.
Relationships are paramount to our business. Whether with co-investment partners, proven investment managers, and companies seeking investment through a flexible approach, we first seek a connection on a personal level with our gifted associates.
We co-invest extensively with other Family Offices and high net worth individuals. We do not manage outside capital.
As part of our risk management strategy, Kensington Stern invests across various industries and asset classes, including real estate, technology, manufacturing, and others.
When considering real estate, Kensington Stern employs a value-add strategy, acquiring assets that are undervalued or in need of improvements, are under-managed or underutilized, thereby creating an opportunity to increase value through improvements to the property and/or superior management.
In addition to our value-add strategy, we have particular interest in multifamily, development, student housing, hotel to workforce housing conversions, manufactured housing, and medical offices.
We typically co-invest with our network of valued partners, but also make direct investments with founders.
We typically look to exit within five years; however, we will consider longer time horizons if the opportunity has additional compelling elements.
Our IRR threshold for real estate investments is 25%; for non-real estate investments, we target at least 35%.
Currently, we only make investments in the United States.
Kensington Stern has a seasoned, agile investment team. Our investment process has been refined over more than 20 years of investing and managing a variety of assets and businesses. The formal formation of our family office in 2020 has allowed us to design a broad investment strategy that assesses the risks and opportunities of a broader range of investments.
Among the investment factors, we place a very high value on relationships. We love working with good people and expanding our network. We look for long-term, symbiotic relationships with each of our highly regarded partners. We collaborate and work with other Family Offices, experienced real estate professionals, founders, and owner-operators.
Our investment process and due diligence is straight forward. Our primary objective is capital preservation. As we carefully evaluate investment opportunities, we also adhere to the following:
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