Finding Bargains in Office Real Estate with Onic V. Palandjian

14th April, 2022

Episode 24: Show Notes

Today on the show, we welcome Onic V. Palandjian, a partner of Group RMC, to discuss investing in office real estate.  Office has become a controversial property type within real estate, given the massive disruption COVID-19 caused in occupancy rates, the debate around work from home and what normal looks like as the pandemic subsides.  Onic talks about what attracts him to office real estate today, where he is finding value in the market, and what he looks for when deploying capital.  Group RMC owns 21 million square feet of office property, So Onic has a unique on-the-ground perspective of trends.  Tune in for this fascinating discussion!

Key Points From This Episode:

  • The origin of Group RMC and their investment approach through various cycles
  • RMC’s investment philosophy of looking for bargains, being contrarian and investing in unpopular markets
  • How they source deals and ideally try to be a provider of liquidity to funds approaching their end-of-life
  • What gets Onic excited about office real estate today, and how they look for deals below 70% of replacement cost and 7-10% cap rates
  • Why deals between $50mm and $150mm in size are a sweet spot
  • How they counter-intuitively like buying properties with low vacancy rates, and why that can improve returns over time
  • Discussion around COVID impacts on office real estate, and how tenant preferences of building layouts and amenities have changed

About Onic

Onic is a Partner at Group RMC Throughout his 30 year career he has been instrumental in originating and executing investments in excess of $2.5 billion in shipping, technology, industrials and real estate.

He provides family offices and institutions direct access to income-producing investments.  RMC’s strategy focuses on commercial real estate, acquired at steep discounts, that produce passive income and upside.

Onic earned a BSc in Management from Bentley University and a CSS in Business Administration from Harvard University.

Share to


All interviews, transcripts, resources and articles (collectively, the “Information”) presented in this blog are for informational purposes only. Any views or opinions presented in the Information belong solely to the person making such statements and do not represent the view of Pitchboard or any of our employees, partners, vendors and affiliates. Pitchboard does not make any representations as to the accuracy or completeness of any Information presented. Pitchboard shall not be liable for any losses, injuries or damages from the display or use of the Information.

Pitchboard does not recommend or endorse any products or services presented in the Information. Nothing presented in the Information shall be construed as tax, legal or investment advice or an offer to sell, or a solicitation of an offer to buy, securities. Certain Information in this blog may contain “forward - looking” statements or information. These statements do not guarantee future performance. Past performance does not guarantee future results.

All text, images and other content presented in the Information belong to Pitchboard or its respective author, and may not be copied, reproduced, sold or modified without the prior written consent of the appropriate owner. Any quote or reference to the Information presented in this blog must attribute Pitchboard and provide the appropriate link.