Case Studies

CAI Investments

A leader in property development and repositioning

Through knowledge, experience and the relationships it has established with its clients, CAI Investments has become a leading firm in locating and repositioning property assets throughout Florida, Arizona and Nevada. Headquartered in Las Vegas, CAI is focused on providing secure, attractive investment returns through the strategic acquisition and asset management of distressed real estate assets in strengthening U.S. markets for stability and growth.

With a target market of national tenants and a staff of 15, CAI finances, develops and manages properties across key markets in the U.S. In addition to real estate development, the firm assists international investors in receiving lawful permanent U.S. residence through secure real estate investments or loans secured by real estate. “Our immigration-linked investment opportunities allow foreign nationals to invest in the U.S. and receive permanent U.S. residency green cards through the EB-5 visa program, through the immigration act of 1990,” says Christopher Beavor, president and CEO of CAI. “Qualified EB-5 immigrant investors and their families have a fast and secure way to invest, live, work, study, retire and start a new life anywhere in the U.S.”

Beavor founded CAI in 2012, but has been involved in property development since the ‘90s. “You go through new beginnings with new names,” shares Beavor. “I began by developing hotels and casinos during the Las Vegas Boom. It was the right time and right place.”

High-profile investments

CAI recently purchased a 320-acre Bay Point Resort in Panama City, Florida. The resort consists of more than 300 acres of oceanfront property, two 18-hole golf courses — with one being the only Jack Nicklaus Course in northwest Florida. “It was a troubled asset from the double hurricanes, economic downturn and BP oil spill,” Beavor explains. “Because of the troubled situation, it was foreclosed on, so we came in and purchased the property.”

The resort also contains 319 hotel rooms consisting of 120 golf villas located on the Nicklaus Course with an additional 200 hotel rooms adjacent to the waterfront of St. Andrews Bay overlooking the Gulf of Mexico. The resort was built in 1987 for $86 million and from 2005 to 2008, more than $24 million of renovations were completed.

CAI recently partnered with Starwood to bring Bay Point Resort back to its former glory and operating the resort under the premier Sheraton brand Sheraton Bay Point Resort in Panama City Beach, Florida. The acquisition is part of a partnership with Starwood Hotels & Resorts Worldwide and will undergo a $30 million renovation and repositioning project as part of Starwood’s expansion of its North American portfolio.

CAI is also in the process of developing the first full-service hotel in Tempe, Arizona, adjacent to Arizona State University. CAI has partnered with Starwood to build a 20-plus story Westin with a rooftop pool and lounge overlooking the Arizona State campus with panoramic views of Scottsdale, Arizona to downtown Phoenix.

CAI InvestmentsUpcoming projects for CAI include the development of a national gym chain consisting of over 32,000 square feet and many national tenant build-to-suit opportunities, “We are also working on developing the first hotel at the NASCAR speedway in Las Vegas,” says Beavor. “That’s another collaboration with Starwood and it will be a Four Points by Sheraton.”

When it comes to investing in new construction, CAI has developed relationships with numerous contractors throughout the country that it can turn to, depending on the scope of the project. “We generally engage a partner with a local general contractor in whatever state the project is in,” Beavor explains. “We identify what we’re developing and a specialty contractor to handle the job. Depending on whether it’s a gym or a hotel, we have certain people that we turn to for certain types of jobs.”

Building a strong team

In starting a company in the real estate and construction industry on the heels of the economic downturn, the work ethic and transparency of CAI enabled the company to persevere. “Dealing with any problems head-on was key for us,” recalls Beavor. “It’s important to remain proactive instead of reactive. We don’t brush aside a problem for two or three years. If there is an issue, we isolate it and deal with it.” One of CAI’s biggest assets has been its core group of employees. Beavor says that some of the major qualities he looks for in a potential employee are knowledge, background and longevity at their prior company. “One of the things that I am most proud of has been our employee retention,” says Beavor. “Las Vegas is a transient city and yet I manage to have a lot of the same people work for me for more than 12 years.”

With cautious optimism concerning the U.S. economy, Beavor sees CAI maintaining steady growth in the coming years. “We know there are opportunities every day,” he says. “It’s just a matter of being able to be agile and adapt to change. We always try to be one step ahead.”

With a proven track record and numerous partnerships in place, CAI Investments will remain a leader in property development and repositioning investments.

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Spring 2018

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