Thinking Beyond is best described as a methodology that Westfield employs to identify real estate investment opportunities that generate above market returns relative to the underlying risk. Our business is about anticipating and taking advantage of opportunities, understanding where real estate and financial markets are headed, and knowing what our tenants will want and need.
We look to implement cutting-edge building technologies in our projects and help companies increase productivity by creating more comfortable work environments. And we pay scrupulous attention to reducing inherent risks through value engineering, optimum financial structures, and negotiating the best pricing.
Thinking Beyond is knowing how to structure each aspect of a real estate transaction to facilitate the most advantageous risk-adjusted outcome. This includes negotiating flexibility in all aspects of the transaction (including debt) to optimize the potential exit scenarios.
Our business philosophy recognizes that doing right by our investors, partners, and tenants ultimately depends on delivered expected performance or they won't be with us tomorrow.
Real estate is a cyclical asset class and its cycles are determined, in large part, by local spacial market fundamentals and capital flows. At Westfield, we never force a trade. A prudent strategy must recognize the importance of the cycles and requires a commitment to maintain pricing discipline when initiating an investment and a willingness to sell when capital markets and market fundamentals are favorable. We diligently attempt to structure our debt to enhance equity yields without taking unnecessary risk, as well as permit flexibility in holding periods to optimize value. While there is never the assurance of a positive outcome, there is no substitute for experience and there is no measure of performance like track record.