External Real Estate Desk
Senior advice whenever a real estate question arises.
Assess / Challenge / Advise
Independent real estate investment & execution
Real Estate
for Smart Capital.
Independent judgement. Execution discipline. Personal accountability. A boutique real estate partner for private capital—from the first question through execution, ownership and exit.
SWISS BASE. INTERNATIONAL PERSPECTIVE.US / UK / EUROPE
40+
Years of combined experience
50+
Real estate transactions
€700m+
Equity invested in global real estate
20+
Private clients served,
including SFOs & MFOs
Team experience, including roles held before IQONIC.
Our services
Three areas of service. One senior team.
Support for individual decisions, new investments and existing portfolios.
Deal Arrangement
From first screening through acquisition, ownership and exit.
Source / Underwrite / Execute
Existing Portfolios
Independent review and owner-side oversight of assets already held.
Review / Optimise / Oversee
Your external real estate desk
A real estate question?
You have a team to call.
Direct, ongoing access to IQONIC’s senior team as an extension of your own capabilities.
Involve us early, whenever a real estate opportunity, question or issue arises.
You retain investment discretion.
We provide the infrastructure.
The opportunity does not need to come from us.
IQONIC sits on your side of the table.
For family offices & private investors
An experienced sounding board across your real estate holdings and new investments.
How we can help
Challenge a valuation, review a financing proposal or discuss a complex ownership situation.
For wealth managers & advisory firms
Bring specialist real estate expertise into conversations with clients and prospects.
How we can help
Address their existing property interests, assess deals they receive and develop dedicated advisory engagements together.
“Our client received this investment proposal. Can you give us a view?”
Send it to IQONIC. We can challenge the assumptions, identify the key risks and help you decide whether further work is justified. The opportunity can come from any source.
The relationship and dedicated mandates
CONTINUOUS ACCESS
The recurring relationship covers day-to-day questions, initial assessments, preliminary underwriting and client discussions within an agreed scope.
No new mandate for every conversation.
DEDICATED MANDATES
When a question develops into a substantial portfolio review or a live transaction, we agree the deliverables and economics separately.
Your team retains its client relationships.
Deal arrangement
From first look to final decision.
We guide the full real estate investment process, connecting analysis with execution and the decisions that follow closing.
Work with us on an IQONIC-sourced opportunity or bring us a transaction of your own.
01Source & screen
Originate selected opportunities or assess transactions brought by clients or third parties.
Establish investment fit, initial value and the key questions before committing resources.
02Underwrite
Analyse the asset, market and business plan.
Build the financial model, test valuation and sensitivities, and prepare a clear investment case with explicit downside scenarios.
03Structure & finance
Develop the equity and debt strategy, evaluate financing proposals and coordinate legal and tax specialists.
Align capital structure, governance and partner incentives.
04Execute
Coordinate due diligence and advisers, challenge findings and support negotiations.
Manage the workstreams and maintain continuity through signing and closing.
05
Oversee
Monitor the business plan and local operator, assess capital expenditure and review performance.
06
Realise
Support refinancing, recapitalisation and the eventual exit.
One investment perspective across the full transaction lifecycle.
Full-cycle involvement or a defined mandate at a specific stage.
View full lifecycle
Full-cycle execution across the investment lifecycle
IQONIC coordinates the investment workstreams and specialist partners required at every stage of ownership.
- 01
Deal Sourcing
Opportunity identification and initial screening
- 02
Underwriting & Analysis
Financial modelling, valuation, sensitivities and risk assessment
- 03
Due Diligence
Commercial, technical, legal and financial review
- 04
Debt, Tax & Governance
Financing strategy, ownership structure and partner alignment
- 05
Negotiation & Closing
Terms, documentation, financing and transaction execution
- 06
CapEx Execution
Business-plan implementation and project oversight
- 07
Leasing Strategy
Occupancy, tenant positioning and NOI growth
- 08
Asset & Property Management
Performance oversight and operating discipline
- 09
Exit Strategy
Refinancing, recapitalisation and disposal
Specialist legal, tax and regulated activities remain with the relevant appointed professionals.
Chicago / United States
Berlin / Germany
New York / United States
San Francisco / United StatesExisting portfolios
A fresh perspective
on the assets
you already own.
Across US and European markets, we help owners understand what is driving performance, where risk is building and which actions could improve the investment outcome.
01
Understand
Performance / Value
Leverage / Concentration
02
Challenge
Business plans / Operators
CapEx / Assumptions
03
Decide
Hold / Sell
Refinance / Reposition
Portfolio capabilities
- Portfolio Review
- Business Planning
- Capital Structure
- Owner-side Oversight
- Portfolio Strategy
How we work
You make the decisions.
We manage the complexity.
One senior point of contact to bring the right people together, challenge their work and keep the investment moving. We turn multiple advisers, competing priorities and technical detail into clear decisions for you.
Specialist coordination in practice
01 / AcquireFrom an opportunity to a completed investment
Source & underwrite. Assess opportunities, build the financial model and test the business plan against downside scenarios.
Diligence & structure. Coordinate technical, legal and financial reviews; develop the debt strategy with lenders and the ownership structure with legal and tax advisers.
Negotiate & close. Bring findings into negotiations, align counterparties and manage outstanding items through signing and closing.
For you: a consolidated investment view and a coordinated path to closing.
02 / OwnKeep the business plan and the people aligned
CapEx execution. Coordinate asset and project managers around budgets, milestones and the investment rationale for improvements.
Leasing strategy. Challenge tenant mix, rental assumptions and leasing proposals with local managers and brokers.
Property oversight. Review operating performance, costs and reporting; hold appointed managers accountable against the agreed plan.
For you: visibility on performance, emerging risks and the actions that matter.
03 / RealisePrepare the next capital decision
Refinance or recapitalise. Review the capital structure, debt maturities and available options before decisions become urgent.
Hold or sell. Compare the remaining business plan with market conditions and your portfolio objectives.
Execute the exit. Align asset managers, brokers, lenders and legal advisers around the disposal process and closing requirements.
For you: a clear recommendation and continuity through the next transaction.
One senior point of contact. One investment perspective.
IQONIC connects their work to one investment objective.
Selected experience
Experience across markets, sectors and investment situations.
Three examples from over 50 real estate transactions completed by IQONIC’s founders across IQONIC and predecessor platforms.
01 / New York / Mixed-use
10 monthsto exit
31%REALIZED capital gain
Acquired below pre-pandemic valuation, repositioned for redevelopment and sold to a developer within a short holding period.
02 / Berlin / Office
€17mAcquisition
€40mExit
Acquired from a liquidity-constrained seller, extended the principal lease, executed targeted CapEx and subsequently sold to an institutional buyer.
03 / Italy / Telecom Exchanges
23Assets
>70%REALIZED cumulative ROE
Off-market portfolio acquisition coordinated for a group of private investors, supported by long-duration CPI-indexed leases and subsequently realised through an institutional exit.
Selected experience includes transactions completed jointly by IQONIC’s founders under IQONIC and predecessor professional platforms. Asset and client identities are withheld where appropriate for confidentiality. Past performance is not indicative of future results.
The team
Senior people.
Direct involvement.
Work directly with our team, combining investment judgement with experience across transactions and asset ownership.
Michele Genghini, FRM
Co-Founder & Operating Partner
Michele combines a foundation in quantitative finance and risk management with more than 20 years across investment advisory and real estate. His experience spans multi-family office partnerships, leadership of a substantial family-owned real estate portfolio, and the creation of independent advisory businesses serving private capital across the US, UK and Continental Europe.
Experience & qualifications
His career bridges the perspectives of adviser and principal: advising UHNW families on asset allocation, originating and executing cross-border transactions, and overseeing approximately $1 billion of real estate on behalf of a single family. He brings that understanding of private wealth to underwriting, capital structuring and investment oversight.
Earlier roles in institutional investment consulting and real estate risk management included quantitative market and credit risk models, portfolio analysis and cash-flow stress testing. This analytical foundation informs a disciplined approach to both investment opportunities and downside protection.
Michele holds a Master’s Degree in Economics of Financial Institutions and Markets from Bocconi University (110/110), with a thesis on quantitative hedge-fund style analysis, and the Financial Risk Manager (FRM) certification from GARP.
Davide Piotti, CAIA
Co-Founder & Operating Partner
Davide brings more than 20 years of commercial real estate investment and asset management experience across Continental Europe and the UK. His career combines institutional investment platforms, independent advisory and responsibility for a private family’s real estate portfolio, spanning acquisitions, business-plan execution and portfolio oversight.
Experience & qualifications
Contributed to the development of Eastern European investment platforms at Pirelli Real Estate, now Prelios, and subsequently to the establishment of 4c AG.
Bocconi University graduate cum laude; Executive Master in Real Estate from SDA Bocconi / MIP Politecnico di Milano. Chartered Alternative Investment Analyst.
Start a conversation
An opportunity.
A portfolio.
A question.
Tell us where real estate expertise could help.