ELP Ventures / Engine 04
HOSPITALITY & REAL ASSETS
We own the ground,
then we run what's on it.
Industrial, mixed-use, and hospitality real estate in growth corridors — underwritten for cap-rate expansion, and increasingly operated directly through our own hospitality brands rather than leased out and forgotten.
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Under management
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Portfolio occupancy
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Properties owned
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Hospitality brands run
The tool
Filter the portfolio by asset type.
Twelve properties, three asset classes, one underwriting standard — cap-rate expansion and NOI growth over a 5–7 year hold.
All (12)
Industrial (5)
Mixed-Use (4)
Hospitality (3)
IndustrialCastor Distribution Center412K sq ft · 96% leased
IndustrialNorthwind Rail Yard288K sq ft · 100% leased
IndustrialHarbor Cold Storage140K sq ft · 89% leased
IndustrialMeridian Logistics Park310K sq ft · 94% leased
IndustrialOrbital Flex Campus175K sq ft · 83% leased
Mixed-UseArgon Row Retail & Loft96 units · 92% occupied
Mixed-UseLumen Square61K sq ft retail · 88% leased
Mixed-UseVesta Court140 units · 95% occupied
Mixed-UseOne Harbor SquareHQ + 14 floors · 90% leased
HospitalityThe Castor Hotel86 keys · 74% ADR occupancy
HospitalityMeridian House54 keys · 81% ADR occupancy
HospitalityNorthwind Lodge122 keys · 69% ADR occupancy
Title, reviewed twiceOur own counsel re-underwrites title and zoning before we re-quote a cap rate.
We hold the paperMost acquisitions close on our own balance sheet — no financing contingency to fall through.
Operators, not just landlordsFour properties are run directly by our own hospitality brands, not third-party management.
Two business daysSame reply window as every other engine.