VALUE CREATION FROM MULTIPLE SOURCES
- Improve property management efficiency to reduce expenses, increase income, and reposition the property.
- Strategic capital improvements to upgrade curb appeal, enhance amenities, and modernize the units through a high-end interior renovation program.
- Offer the Best-in-Class apartment homes at an affordable price.
ACQUIRE ASSETS WITH A HIGH POTENTIAL TO GROW IN VALUE
- Recognize untapped property potential.
- Understand emerging neighborhood growth.
- Buy ahead of major demographic and cultural shifts.
INVEST IN EMERGING U.S. CITIES OF THE FUTURE
- Net population growth
- Diversified local employment base
- Expanding employment drivers in tech, healthcare, and financial services
- Public commitment to infrastructure
- Anchor universities providing a competitive talent pool
- Affordable lifestyle features for residents
ACQUISITION CRITERIA
Value-Add
- Type: Multifamily
- Class: B and C
- Vintage: 1970 to 2000
- Units: 100 – 300+
- Pricing: $20m - $80m
Core Plus
- Type: Multifamily
- Class: A- and B+
- Vintage: 2000 to 2014
- Units: 100 - 200
- Pricing: $20m - $50m