Investment Strategy

Why We Target Multifamily

Increase In Renters

Between 2006 and 2016 the US population grew roughly 23.7 million. During this time, renters increased by 23 million, and homeowners by less than 1 million.
Population Growth

The current US population is roughly 335 million people with a net gain of one person approximately every 15 seconds.
Occupancy Rates

The national apartment occupancy rate is roughly 94%. This is despite the delivery of 494,000 newly constructed apartments by the end of 2023.
Tax Benefits

Multifamily investors have the opportunity to take advantage of depreciation and tax deductions, as well as 1031 Exchanges.

Our Primary
Target Markets

Property Size: 50+ Units
Asset Class: B or C
Year Built: 1970’s and Newer

Our Strategies

Value Add Strategy

Acquire properties that deliver attractive risk-adjusted returns via the deployment of proven value-add strategies. These efforts will work to improve property operations and cash flow. The scope and length of rehab will vary by property and dictated by market conditions.

Risk Profile:
Low - Medium
Hold Period: 3-7 Years

Return Criteria:
IRR: 15-20%
Cash on Cash: 7-10%
Equity Multiple: 2-2.5x
Avg. Annual Return: 16-20%

Core Plus Strategy

The hold period will vary from 5 to 10+ years depending upon the asset’s performance, market conditions and the financing options available. feasibility studies of capital event potential will be reviewed annually by the principals.

Risk Profile:
Low
Hold Period: 5-10 Years