Seneca Capital Management provides investment advisory services focused on real estate investments to pooled private investment vehicles (Funds) and special purpose entities. Seneca Capital Management's investment strategy primarily includes pursuing both current income and longer-term gain for its investors through acquiring and operating a portfolio of income producing properties, with an emphasis on manufactured housing communities, self-storage, student housing and medical office buildings.
Fee Structure
Seneca Capital Management is compensated for advisory services through an asset-based management fee (generally 2% per year of called capital contributions), acquisition fees (3% of the full purchase price of each asset acquisition), and may receive performance-based compensation (20% or 25% of profits subject to payment of a Preferred Return and the return of all Capital Contributions).