Junto Opportunity Fund I | Manhattan Distressed Asset Strategy
Manhattan Distressed Asset Strategy

Worst Building
best block

We capitalize on structural and legal distress in Manhattan real estate. Complexity is our moat. Distress is our discount.
Deal Architecture
Entry Basis $275 - $325 / SF
Focus Distressed Real Assets
Target Multiplier 2.0X Equity
Sourcing Edge Adversarial Acquisition
Access Basis & Pipeline
Initial Close
$25M
Base Case IRR
19%
Asset Profile
Pre-War
Execution
18 MO.
01 / Basis Reset

The Basis
Reset

Sponsors with 2021 leverage are hitting the wall. We are here to recapitalize the breakage.

The window exists because weaker capital structures are breaking first. We do not buy generic real estate risk. We buy ownership deadlock, stalled execution, and structural distress where we can impose order.

By resolving the legal friction others cannot touch, we reset the basis in neighborhoods where rental demand remains durable regardless of capital market volatility.

01 / Source

Capture the Break

Target assets where legal friction or ownership deadlock forces pricing below replacement logic.

02 / Control

Compress Timeline

Run concurrent gut renovations of vacant assets to bypass traditional hold periods and reach stabilization fast.

03 / Stabilize

Lock the Yield

Secure high-quality tenancy with household guarantees to lock in durable yield or support an opportunistic exit.

02 / Loss Avoidance

Loss-Avoidance Logic

Underwritten so that exit is a choice, not a forced event. We build to hold from strength.

Base Case
19%
Opportunistic Exit
Mild Stress
7–9%
Hold & Operate
Severe Stress
1–4%
Lease Through Weakness
03 / Execution Control

Execution Control

John H. Snyder

Co-Manager / Structuring & Adversarial Acquisition

Fund co-manager. Trial lawyer with federal pedigree. Controls adversarial acquisition and contested resolution where other sponsors lose pricing power.

J.R. Chantengco

Co-Manager / Underwriting & Opportunities

Fund co-manager. 30+ years in structured finance. Leads underwriting, deal origination, and the economics behind the basis reset strategy.

John (RJ) Estiva

Co-Manager / Operations & Technology

Fund co-manager. Owns operational infrastructure and technology systems across the fund lifecycle.

Sydney Lanyon

Chief of Staff

Manages fund operations, investor communications, and execution coordination across legal, construction, and leasing workstreams.

Brian Hughes

Construction & Cost Efficiency

Ensures schedule compression and cost integrity. Specialist in concurrent vacant-building gut renovations in high-density Manhattan sub-markets.

Junto Opportunity Fund I // Limited Access
INQUIRIES: SYDNEY@JUNTOCLUBUSA.COM
This document is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Any such offer would be made only pursuant to the Fund’s confidential offering materials and related subscription documents. Any performance metrics, scenarios, targets, or projections shown herein are illustrative only, are based on assumptions, and are not guarantees of future performance.