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strategic advice and co-investment capital
Kenilworth Capital Partners, LLC is a real estate investment and advisory firm that provides strategic advisory services and co-investment capital to experienced and growing sponsors pursuing high-quality value-add real estate opportunities.
The firm focuses on advising sponsors on the equity capitalization for middle market acquisition, redevelopment, and development of residential, industrial, retail, office, and student housing assets in urban and infill suburban markets throughout the East Coast. Kenilworth Capital Partners prioritizes investments in markets supported by strong economic drivers, particularly those anchored by major universities, healthcare institutions and technology firms. By partnering with sponsors who execute well-researched, thoughtfully structured business plans, the firm seeks to deliver strong risk-adjusted returns while creating long-term value.
Doug Veasey is the Founder and Principal of Kenilworth Capital Partners, LLC. Drawing on more than 30 years of experience in real estate capital markets, acquisitions, dispositions, development, and asset management, Doug established the firm to provide sophisticated strategic advisory services and co-investment capital to experienced developers and sponsors.
Kenilworth Capital Partners combines deep expertise in real estate investing, capital markets, and financial underwriting to help clients maximize value through comprehensive, strategic solutions.
Prior to founding Kenilworth Capital Partners, Doug served as Chief Investment Officer for Philadelphia-based Stockton Real Estate Advisors, where he led the firm's acquisition, capitalization, and asset management activities for a portfolio of multifamily, office, industrial, and mixed-use properties throughout the Mid-Atlantic region totaling approximately one million square feet.
Earlier in his career, Doug held senior investment, capital markets, development, and asset management roles with Stoltz Real Estate Partners and The Kevin F. Donohoe Company. During that time, he oversaw the acquisition, capitalization, and disposition of office, retail, industrial, and residential properties totaling approximately five million square feet.
Doug began his career in commercial real estate finance as a real estate banker with Chemical Bank (now JPMorgan Chase) before joining Banque Paribas. In those roles, he specialized in construction and interim lending, high-yield structured finance, and complex loan restructurings, building the financial expertise that continues to guide his investment approach today.
Kenilworth Capital Partners has partnered with a major private investor to provide structured capital solutions that help experienced real estate sponsors complete, stabilize, and recapitalize high-quality development projects.
In recent years, rising construction costs, supply chain disruptions, subcontractor failures, labor shortages, and higher interest rates have created significant funding gaps for otherwise strong real estate developments. Our program is designed to bridge those gaps by providing mezzanine debt or preferred equity to projects that require additional capital to reach completion and achieve stabilization.
We focus on single-family, multifamily, industrial, and specialty office developments that have experienced construction cost overruns or increased financing expenses. By delivering flexible capital solutions, we enable sponsors to preserve ownership, complete their projects, and realize long-term value. Our investment is typically repaid upon the sale or refinancing of the completed project.
Kenilworth Capital Partners also provides capital to bridge refinancing gaps created by today's lending environment. As many high-leverage construction loans mature, sponsors are finding that current underwriting standards and higher interest rates support significantly lower loan proceeds than were available when the original financing was secured. These shortfalls often require additional equity or structured capital to successfully refinance existing debt.
Rather than pursuing a dilutive equity partner or selling assets prematurely, sponsors can utilize our mezzanine debt or preferred equity financing to bridge the gap while maintaining greater control of their investment. As with our construction completion financing, our capital is generally repaid through the eventual sale or refinancing of the property.
Our investment program typically provides $5 million to $25 million in mezzanine debt or preferred equity with investment terms ranging from one to four years. Target returns generally range from SOFR + 9% to 14%, plus applicable fees, with interest structured through a combination of current payments (funded by reserves) and accrued payments due upon repayment. We target opportunities throughout primary and secondary East Coast markets, from Boston to Miami.