Who we are
Our investments are designed to preserve and grow our limited partners’ capital, provide financial security to sovereign wealth funds, and other institutional and individual investors, and contribute to overall economic growth.
We seek to create positive economic impact and long-term value for our investors, the states we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help communities via real estate solve problems.
The firm was founded in 2008 by Marc Cox our Chief Executive Officer. Ten years later, we are a firm of nearly 50 employees based out of our Rye Brook, NY office.
RATIONALE FOR INVESTMENT STRATEGY
Mioym was established on the premise that investment strategies that preserve principal and generate strong returns and current cash flow are available to investors in selected, under-served niche markets. Mioym has identified the mid-range and high-end homes in major urban markets nationwide as such an investment opportunity and provides investors with the following:
HIGH CURRENT INCOME
Allowing investors to earn attractive returns on investments between 10% and 25%
The overwhelming majority of the portfolio is comprised of properties with loans secured by a first lien on a house. Investors typically provide 20%-25% of the capital needed to buy & renovate the house, which results in no more than 60% of the after repair market value. Additionally, equity is often created at the time of purchase by buying houses at prices below retail value. Further enhancement of the value of the collateral is through cost-effective renovations.
LOW-INTEREST RATE RISK
Investments have short maturities as most projects last between 12 and 48 months, which minimizes interest rate risk.
Due to the short-term nature of renovation loans, the portfolio turns over approximately once per year.
Returns from investing in bridge loans are unlikely to be correlated with returns from the stock market or other traditional asset classes.
At Mioym we apply our capabilities as a leading nationwide investment firm to deliver solutions, unlock value and propel growth. The capital we deploy on behalf of our investors fuels the development of businesses and communities. The investments we make are the wellsprings of future opportunity. Through this work, we seek to ensure a secure retirement for millions.
The solutions we provide reflect insights generated by our diverse, national business platform, which encompasses private equity and real estate funds, hedge fund solutions, and credit funds. We have built the firm on a strong foundation of intellectual and financial capital. We focus on attracting exceptionally talented people and on creating an atmosphere that rewards initiative, independent thinking, and integrity. Our solid financial base, including strong capital, ensures our capacity to deliver on our commitments.
The deep expertise of the Mioym team gives us a base of intellectual capital on which to draw.
Our businesses are diversified nationally across sectors, and asset classes, giving us the expertise, access to resources and critical mass to take advantage of investment opportunities on a national scale.
Our performance is characterized by a record of superior risk-adjusted returns across a broad and expanding range of asset classes and through all types of economic conditions.