Arc Capital Partners Research
Advisory Approach
Arc Capital Partners is a leading institutional real estate investment manager founded in 2013, specializing in middle-market real estate investments in high-barrier-to-entry Sunbelt markets. The firm's thesis centers on value-creation through institutional rigor, local operator partnerships, and a disciplined capital deployment strategy across the real estate capital stack. Arc believes that middle-market opportunities in supply-constrained, high-growth Sunbelt submarkets represent the most attractive risk-adjusted returns, particularly when combined with experienced operator partnerships and differentiated capital structures (preferred equity, joint ventures, direct investments).
Investment Strategy & Approach
Arc Capital Partners operates with a disciplined, data-driven investment approach focused on transforming mixed-use environments and creating lasting value. The firm brings over 100 years of combined commercial real estate experience, with principles having transaction experience exceeding $14.4 billion. The firm's managing partners—Quincy Allen and Neville Rhone Jr.—are 30-year veterans of commercial real estate finance, development, and investing, with prior leadership at Canyon Partners Real Estate (which partnered with Earvin "Magic" Johnson to form $3.0 billion of investment funds), Lazard Frères, and Morgan Stanley.
Portfolio & Investment Criteria
Since founding in 2013, Arc has grown to over $5 billion in total capitalization and executed more than 100 investments. The firm's target investment size ranges from $30 million to $150 million in enterprise value, focusing on multifamily, retail, industrial, and mixed-use properties. Primary investment strategies include value-add, opportunistic, and core-plus approaches, with deployment mechanisms of preferred equity, joint venture partnerships, and direct ownership stakes.
Geographically, Arc concentrates on high-barrier-to-entry Sunbelt markets with strong demographic growth fundamentals, including Texas (Austin, Dallas), Arizona (Phoenix), California (Los Angeles, San Jose, Torrance), and other rapidly growing metros. The firm explicitly targets supply-constrained submarkets where limited new supply drives tenant demand and pricing power.
Recent Investment Activity
Arc has been actively deploying capital throughout 2024-2026. Recent notable acquisitions include:
Gilbert Advanced Manufacturing (December 2024): In partnership with ScanlanKemperBard (SKB), Arc acquired two fully leased industrial and advanced manufacturing facilities totaling 194,000 square feet at 1250 and 1300 North Fiesta Boulevard in Gilbert, Arizona. The property features robust infrastructure including approximately 8,000 amps of power and five acres of outdoor storage, catering to advanced manufacturing tenants. The submarket demonstrated below-5% vacancy rates and significant tailwinds from CHIPS and Science Act-supported semiconductor manufacturing investments.
The Plant, San Jose (August 2024): Arc partnered with Milan Capital Management to acquire The Plant, a 367,896-square-foot super-regional retail center in San Jose, California. The firm deployed preferred equity capital into this repositioning opportunity.
Murrieta Town Center (January 2026): Arc completed a recapitalization of Murrieta Town Center, a 380,000-square-foot grocery-anchored retail center in Southern California, with additional lease-up activity (dd's DISCOUNTS leased 18,000 SF in March 2025).
West Hollywood Retail Exit (October 2024): Arc and Belay Investment Group successfully exited investment in a leased 18,800-square-foot retail property in West Hollywood, demonstrating the firm's ability to identify and capitalize on exit opportunities.
Team & Leadership
Arc is led by a seasoned team of professionals with deep real estate expertise:
Quincy Allen, Co-Founder and Managing Partner: 30-year real estate veteran with $8+ billion of transaction experience. Previously Managing Director at Canyon Partners Real Estate and executive at Lazard Frères (focused on real estate restructurings) and Archstone Communities (leading national multifamily REIT). Board member of Aimco (NYSE: AIV) and active in ULI, PREA, and NMHC.
Neville Rhone Jr., Co-Founder and Managing Partner: 30-year real estate development and finance veteran with $6.4+ billion of transaction experience. Former Managing Director at Canyon Partners, Vice President at Morgan Stanley (investment banking), and senior development executive at Tishman Realty Corporation. Board member of Straus Properties (NASDAQ: STRS).
Brad Weinberg, Executive Managing Director: 20 years of experience in real estate investment, asset management, and capital markets. Former Senior Vice President at Oaktree Capital Management overseeing 25+ million square feet and $4+ billion portfolio. Led commercial asset management across opportunistic, value-add, and core-plus strategies and rolled out Oaktree's proptech and ESG strategies.
Chris Huang, Senior Vice President: 15 years of real estate investment and finance experience. Former Vice President at Brookfield Property Group, successfully closing $1.3+ billion of investments. Active ULI and NAIOP member and board member of AACRE (diversity and inclusion non-profit).
Additional key team members include Vice Presidents for acquisitions (Zach Bartelt, Gina Pfingston, Alex Weinrich), asset management, and finance, with collective experience across leading platforms including Unico Properties, JLL, Oaktree Capital, Brookfield, PGIM, and Hines.
Competitive Positioning
Arc differentiates through: (1) Deep institutional experience from mega-fund backgrounds (Oaktree, Canyon Partners, Morgan Stanley), (2) Disciplined underwriting grounded in data and institutional risk frameworks, (3) Flexible capital structures enabling partnership with strong local operators, (4) Geographic focus on high-growth, supply-constrained Sunbelt markets with favorable demographics and limited new supply, (5) Diverse ownership and inclusive team culture emphasizing complementary skill sets, and (6) Value-add expertise delivering returns through strategic repositioning rather than pure appreciation.
Investment Criteria Summary
Deal Size: $30M-$150M enterprise value Property Types: Multifamily, Retail, Industrial, Mixed-Use Strategies: Value-Add, Opportunistic, Core-Plus Capital Structures: Preferred Equity, Joint Ventures, Direct Investments Geography: High-growth Sunbelt markets (Texas, Arizona, California) Focus: Supply-constrained submarkets with demographic tailwinds Key Markets: Austin, Dallas, Houston, Phoenix, Los Angeles, San Jose
Track Record
The firm has deployed over $5 billion in capitalization across 100+ investments since 2013. Recent 2024-2026 activity demonstrates active capital deployment and successful exit execution, with investments yielding attractive risk-adjusted returns through disciplined underwriting, operational improvements, and market tailwinds in Sunbelt high-barriers-to-entry markets.