Berggruen Holdings began investing in commercial real estate on the West Coast in 2009. In 2014, the investments were rolled into a holding company, NBP Capital. NBP Capital is a vertically integrated commercial real estate investment platform, focused on five core businesses: asset management, development, construction, property management and hospitality. By taking a long-term view to real estate and applying a hands-on and localized approach to fund management, NBP Capital delivers compelling risk-adjusted returns through controlling the management and development process.
This flexibility and control allow for an agile management team and this translates into developments that positively contribute to the urban landscape through thoughtful architecture, place-making and community engagement. NBP Capital has a market value of $1B and is active in Portland, Los Angeles and Seattle. The fund has 4M square feet under management, 4M square feet in development planning, 2,500 apartment units under management and is invested across all asset classes.