Branded Net Lease Real Estate
Provide a seamless new store Build-to-Suit (”BTS”) development program for both franchisees and franchisors of quick service restaurants allowing the operator to focus on their core objective: running a successful restaurant.
Build-to-Suit Development Program
Our BTS Development Program for quick service restaurants is a full turnkey development service. We manage the core aspects of the development process in-house, beginning with collaboration on site selection and concluding with the delivery of a fully constructed freestanding restaurant: on time and on budget. The BTS Development Program takes the mystery out of the new store development and offers attractive economics to qualified operators.
We provide 100% of the capital required for the real estate, including the purchase of the land, soft and hard costs associated with construction, and furniture, fixture and equipment (“FF&E”) installation. The operator is only responsible for franchisor requirements, the cost of the FF&E and lease execution: we take care of the rest. We have strategic relationships with select institutional lenders who can provide competitive financing packages for the FF&E.
- 100% of the required capital for BTS developments
- Guidance and direction from professionals with deep experience in the franchise and real estate industries
- Attractive economics
- Streamlined process designed to reduce the timeline necessary to open your restaurant
- Quick underwriting and execution
We invest in branded net lease retail real estate assets at a discount to intrinsic value driven by ownership or financial complexities, market conditions or restructuring opportunities.
- Branded Net Lease Retail
- Nationwide, with a Focus on the Southeast
- Both Credit and Non-Credit Tenants
- Transactions in Excess of $1 Million
- Single Assets or Portfolios
BayHill Realty Capital (“BRC”) is a real estate investment firm focused on the turnkey Build-To-Suit (“BTS”) development of quick service restaurants and the opportunistic acquisition of all types of branded net lease retail properties. We have a deep understanding of both the real estate and franchise industries, and create value for both franchisees and franchisors of select brands. BRC is backed by a major institutional private equity fund, allowing us to execute decisively on any BTS development project or acquisition opportunity.
Collectively, the firm’s principals have over 50 years of real estate business experience in partnership with industry leading professionals and institutions. Cumulative transaction experience of the principals exceeds $5.0 billion in real estate private equity, investment banking, development management and finance.
David L. Elder
Co-Founder & Principal
Mr. Elder has over 31 years of experience in the franchise, real estate and financial service industries. Prior to forming BayHill Realty Capital, Mr. Elder founded The Atherton Group ("TAG") and became CEO and a Director of Atherton Capital Incorporated ("ACI"), the successor company to TAG. ACI was a privately held specialty commercial finance company which funded over $1.2 billion in franchise business loans serving ten regions nationwide through thirteen offices while successfully completing seven securities offerings of its loan products and over $420 million of whole loan sales. ACI established over $300 million in warehouse credit lines with institutions which in the aggregate enabled the company to provide capital to over 1,700 franchise business locations. Mr. Elder also co-founded Net Capital Incorporated ("NCI"), a commercial real estate mortgage lender for branded net lease properties. NCI originated and sold approximately 100 branded net lease real estate mortgages.
Prior to establishing ACI & NCI, Mr. Elder was Executive Vice President of Drexel Burnham Realty in New York and subsequently directed its West Coast real estate investment banking group. He joined Drexel after serving in a number of positions at Landsing Property Corporation, a nationwide sponsor of public and private partnerships and REITs.
Mr. Elder received a B.S. degree in economics from Oklahoma State University and an M.B.A. from the Graduate School of Business at Stanford University. He has been an expert witness, a lecturer on the subject of finance, a licensed real estate broker in California (since 1981) and Colorado as well as a Registered Securities Representative (Series 7 and Series 63) with FINRA (formerly NASD).Close
Benjamin A. Elder
Co-Founder & Principal
Mr. Elder has over 13 years of real estate industry experience. Prior to co-founding BayHill Realty Capital, Mr. Elder was a Director of Stanford University’s Real Estate Group overseeing approximately $1 billion of the University’s $2.4 billion direct-owned real estate portfolio which included a luxury hotel, Class A office, office development, senior housing, apartments and a regional high end shopping center. Prior to Stanford, Mr. Elder was a partner at Starwood Capital Group, a real estate private equity firm with over $29 billion of assets under management. At Starwood, he managed approximately $2.9 billion of office, shopping center, hotel, senior housing and developable land projects nationwide. Mr. Elder joined Starwood from Stockbridge Capital Group, a real estate private equity firm with over $5 billion of assets under management, where he managed the acquisition and development of several investments in their opportunistic private equity funds. Mr. Elder began his career in New York in the Real Estate Asset Advisory Services group of PricewaterhouseCoopers.
Mr. Elder is a graduate of Colgate University and is a licensed California real estate broker.Close