Praetorian

Core: Low-risk, low-return strategies with predictable cash flows.

Core +: Moderate-risk, moderate-return investments in core properties that require some form of a value-added element.

Value Added: Medium-to-high-risk, medium-to-high-return strategy which involves the purchasing of property to improve and sell it again. Value-added strategies typically apply to properties that have operational or management issues, require physical improvements, or suffer from capital constraints.

Opportunistic: High-risk, high-return strategy, opportunistic investments in properties that require massive amounts of enhancements. Examples include investments in development and raw land.