Third Point Real Estate Strategies
Investment ManagementFlorida, United States2-10 Employees
Third Point Real Estate Strategies, owned by Third Point LLC, is an investment management firm led by Managing Partner Frank Scavone. It is located at 11850 Southeast Dixie Highway, Hobe Sound, Florida 33455, United States, and employs between 2 and 10 people. TPRES controls its affiliate adviser, Third Point Private CRE Credit LLC (formerly Trawler Capital Management), which focuses on commercial real estate debt investments, including mezzanine loans, B-notes and preferred equity. The firm's foundational investment thesis posits that subordinate loans tied to stabilized properties can outperform loans on transitional or development assets on a risk-adjusted basis. Since its inception in November 2016, TPRES has overseen more than $1 billion in CRE debt and equity positions. Revenue is reported in the range of $10 million to $25 million.