RANGE EQUITY MANAGEMENT

Thesis

Range Equity Management (REM) is a private investment platform headquartered in Los Angeles, California, founded in 2024, exclusively focused on operational real estate opportunities. The firm invests opportunistically across the capital structure in both direct and platform investments, emphasizing a strategy centered on operationally complex "special situations." REM targets properties facing capital structure stress, refinancing pressure, or operational underperformance where active asset management can create value, contrasting with stabilized, income-oriented assets. Their investment strategy is characterized by a focus on operational real estate and flexibility across the capital structure, seeking to generate alpha and excess returns through creative deal structuring, platform backing, and distressed situations. They aim for high double-digit, 20% or more, return expectations, investing their own capital. REM is described as "stock pickers, not buying bonds," indicating a preference for active management and value creation over passive income streams. Range Equity Management operates primarily in the United States. The firm's strategy of investing across the capital structure implies a broad range of potential investment stages, from debt to equity, in distressed or complex situations.