PropShare AIF
AIFIME's View on PropShare AIF
AMC View
PropShare was founded as a tech platform that provides its users access to institutional-grade commercial real estate with property management and liquidity through resale. The AMC has recently launched their AIF structure. PropShare's team comes with deep experience in institutional real estate investing and provides institutional-quality analysis, asset management and liquidity at much lower investment thresholds.
AMC Pedigree
PropShare was among the first India RE-focused advisor that made commercial real estate affordable for investors. With a $3bn transaction value and 33 mn sqft of office, retail, and warehousing assets in India since the inception of the firm, the firm comes with high credibility in identifying properties. PropShare is also backed by leading VC funds such as Lightspeed and Beenext among others with the same representatives on the board.
Team Pedigree
The investment team at PropShare is led by Kunal Moktan and Hashim Khan. Kunal Moktan comes with 10+ years of experience buying, managing, and selling real estate of which 8 years was with the Blackstone Group, the world's largest real estate fund with $154bn AUM. The team also has experience of managing/advising $3bn across 33mn sqft since the inception of the AMC.
Investment Philosophy
Clear commercial property rental yield-focused strategy. The narrow focus reduces the risk for investors, unlike other RE strategies that have a presence in last-mile funding (which lack cash flows and have gestation periods before realization). The tenant credibility and lock-in bring certainty of cash flow to the investors.
AMC Background
PropShare was founded as a tech platform that provides its users access to institutional-grade commercial real estate with property management and liquidity through resale. The AMC has since diversified into PMS and AIF services. PropShare has invested in high-quality commercial properties with a transaction value of $3bn+ across 33mn sqft. PropShare's team comes with deep experience in institutional real estate investing and provides institutional-quality analysis, asset management and liquidity at much lower investment thresholds. Success in Democratising Access of High Quality Properties PropShare was a pioneer to have leveraged tech to democratise real estate investing for ordinary investors by providing institutional-quality analysis, asset management and liquidity at much lower investment thresholds. With 800+ Cr properties funded through 1000+ investors, the AMC has demonstrated their ability to access top-quality properties with MNC anchor tenants and built trust in the real estate ecosystem. Strong AMC Pedigree, backed by VC Funds The investment team at PropShare is led by Kunal Moktan and Hashim Khan. Kunal Moktan comes with 10+ years of experience buying, managing, and selling real estate of which 8 years was with the Blackstone Group, the world's largest real estate fund with $154bn AUM. The team also has experience in managing/advising $3bn across 33mn sqft since the inception of the AMC. PropShare is also backed by leading VC funds such as Lightspeed and Beenext among others with the same representatives on the board.Investment Philosophy
Focus on 'Grade A Office' completed assets properties with an aim of generating 7-9% yields payable monthly/quarterly and participating in capital appreciation for an overall 17-20% target IRR. The focus is on MNC tenants, with at least 75% leased over 3-5 years of estimated holding period to reduce risk. Laser Focus on Single Asset Class - Grade A Commercial Office Property Clear commercial property rental yielding-focused strategy. The narrow focus reduces the risk for investors, unlike other RE strategies that have a presence in last-mile funding (which lack cash flows and have gestation periods before realization). The tenant credibility and lock-in bring certainty of cash flow to the investors.Investment team
Kunal Moktan | 4-star rated FM
Co-founder and CEO | 22 yrs Experience | 11 yrs at current firm
Past Experience: Investment Professional (Blackstone Real Estate Partners), Mergers and Acquisition Analyst (Thomson Reuters)
Kunal Moktan comes with over 15 years of experience in Real Estate and M&A positions. At Blackstone Real Estate Partners, he was responsible for building the Blackstone real estate portfolio making it the largest RE fund with $154bn AUM. Kunal Moktan graduated from IIM-A in 2007.
Hashim Khan | 4-star rated FM
Co-founder and CTO | 23 yrs Experience | 10 yrs at current firm
Past Experience: Head of IT Division (Alshaya Trading), Business Solution Manager (M. H. Alshaya)
Hashim Khan comes with over 15 years of experience. He was the head of the IT division in a multi-billion dollar middle eastern conglomerate. His experience in managing and implementing technology and processes is key to PropShare's proposition. Hashim Khan graduated from IIM-A in 2007.
