Cross Lake Partners Lp

Cross Lake Partners LP, established in 2018 by Michael Barr and Jonathan Shumaker, specializes in providing advisory services to real estate private funds. The firm manages various private funds investing in residential and commercial real estate, including joint ventures and direct or indirect investments in the United States. Cross Lake focuses on creating value through active asset management post-acquisition, leveraging industry relationships and strategic partnerships. The firm's investment strategy aims to identify profitable opportunities in real estate, such as residential subdivisions, commercial properties, and development projects. For clients, Cross Lake charges management fees based on invested capital and may also receive advisory, financing, and incentive fees. The firm's compensation structure is disclosed prior to client engagement. Cross Lake exercises investment discretion for the portfolios it manages, with full authority over transactions. The firm's investment philosophy involves a top-down and bottom-up approach to analyze market conditions and specific investment opportunities. Cross Lake's team actively monitors and reviews portfolio investments, preparing strategic plans and quarterly reports for clients. The firm's brokerage practices prioritize best execution and qualitative factors in selecting service providers. Cross Lake acts as a fiduciary, voting client securities in the best economic interest of the funds. The firm does not have any reportable disciplinary events and maintains custody of investments with an unaffiliated qualified custodian.