Berggruen Holdings began investing in commercial real estate in the Pacific Northwest in 2009. The holdings were rolled into NBP Capital, LLC in June 2014. NBP Capital has a market value of 500 million dollars and holds more than 2,500 apartment units with 3 million square feet under management and 500 units under construction. NBP Capital has longstanding relationships with Fannie Mae/Freddie Mac and various national lenders. The privately held real estate fund is invested across all sectors: multifamily, office, hospitality, storage & retail. NBP Capital, LLC is managed by Lauren & Spencer Noecker from Portland, Oregon. The fund’s investment objective is long-term capital appreciation with a focus on value-add opportunities with strong cash flow.