Meriwether Partners

Overview

Meriwether Partners is a Seattle-based real estate investment and development firm specializing in office, mixed-use, multi-family, and industrial properties. They form partnerships to acquire, develop, and manage investments, catering to a diverse range of investors, including high-net-worth individuals, family offices, and institutions. Since its inception in 2002, the firm has acquired and developed over 3 million square feet of commercial real estate, investing more than $225 million in equity across 35 transactions, with a total capitalization exceeding $550 million. Their investment approach spans a risk-return profile from core to opportunistic, targeting well-located assets with opportunities for value maximization through creative capitalization, repositioning, and development plans. Meriwether Partners emphasizes a hands-on asset management approach, ensuring each investment receives dedicated focus and responsibility from one of the principals. Their primary geographic focus is Seattle and Portland, with an investment size range of $5 to $100 million in total project costs. The firm operates with a non-bureaucratic decision-making process, quick response times, and reliable execution, aiming to deliver results for their partners and clients. Their portfolio includes ongoing investments such as the Skagit Valley Hospital Medical Office Building in Mount Vernon, WA, The Fredonia in Seattle, 13th & Pine in Seattle, Creekside Four in Beaverton, OR, Tigard Corporate Center in Tigard, OR, Ballard Building in Seattle, Russell Hall in Seattle, A&D / 10 Clay in Seattle, Aloclek in Hillsboro, OR, and Overton in Portland, OR. Representative realized investments include the Pacific Building in Seattle, WA, acquired in 2007 for $34 million. The firm's investment criteria include targeting well-located income-producing properties with opportunities for value maximization through creative capitalization, repositioning, and/or re-leasing plans, as well as development opportunities where patient capital is required to take advantage of market conditions, work through the design and permitting process, and ultimately build on the site or redevelop existing assets. The hold period for investments is flexible, ranging from 2 to 10 years, and the risk profile spans core, core+, value-add, and opportunistic investments. Meriwether Partners' trademarks include protecting brokers, a non-bureaucratic decision-making process, and quick response and reliable execution. Their markets are primarily Seattle and Portland, and they invest in office, mixed-use, multi-family, and industrial properties, considering others on a case-by-case basis. The investment structure includes all cash, cash and new debt, or cash and the assumption of existing debt. Their investment size ranges from $5 to $100 million in total project costs. The firm's investment approach is selective, local, and hands-on, with a focus on delivering results for their partners and clients. They emphasize transparent communication and client satisfaction, providing clear, understandable insights about property management and investment status. Their proactive approach ensures that clients receive timely updates and support, making them a trusted partner in navigating the complexities of commercial real estate. Meriwether Partners was founded in 2002 by Rob MacAulay, David Rothrock, Joel Aslanian, and Robert Briscoe. They chose their name in honor of Meriwether Lewis, of Lewis and Clark fame, reflecting their focus on navigating the Puget Sound region, overcoming challenges, and delivering results for their partners and clients. The firm's methods and objectives are focused on understanding the ins and outs of the real estate markets in which they participate, supplementing local knowledge with extensive experience and exposure to the national and international capital markets. Every project starts with gaining a solid understanding of their objectives, developing creative strategies

Investment Focus

• Well-located income-producing properties with opportunities for value maximization through creative capitalization, repositioning, and/or re-leasing plans
• Development opportunities requiring patient capital to take advantage of market conditions, work through the design and permitting process, and ultimately build on the site or redevelop existing assets

Portfolio Companies