old structure, new use. A modern alternative to old finance.
Utilize a ground lease for patient, simple, cheap, and flexible capital.
Utilize a ground lease for patient, simple, cheap, and flexible capital.
The Vela Group is a wholly owned subsidiary that manages the investments on behalf of the Kane Family. We have no outside clients, nor do we accept external capital.
Real estate investment is focused exclusively on US and Canadian commercial assets through direct and partnership opportunities, with a preference for equity interests. Areas of focus are centered on creating leased fee estates collateralized by independent living, multi-family, triple-net commercial buildings, rail and transportation-related properties, utility-scale wind & solar, and sustainability/ESG-related infrastructure. Historical interests included tax liens, senior debt instruments, and easements.
Long or short duration ground leases and absolute net properties across the US & Canada.
Properties with unique capital stack, ownership or tax structures that involve the creation of a leased fee estate or an estate with similar characteristics.
Assets secured by commercial real estate and/or infrastructure. Asset categories include C-PACE financing, B-Notes, and Medium Term Notes.
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Chicago, Illinois, United States of America