Our Strategy

Our Strategy is to identify undervalued multifamily properties for acquisition, value optimization, management and disposition.

Market Segments

• Location: Southeastern states, diverse markets with indicators for strong near and long-term economic growth
• Median Income: Renters who earn between $40,000 and $70,000 annually

Property Criteria

• Multifamily residential apartments built 1970-2000s
• Size and Price: 80 - 250+ units in the $5MM – $15MM range
• Type: C- to B+ properties located in C- to A areas
• Roofs with pitched construction
• Minimum Occupancy 80% with the exception of properties that require renovation, providing properties are well located and present value enhancement opportunities

Target

• Returns: 13-15+% IRR, minimum Debt Service Coverage ratio of 1.4
• Location: Southeastern states, diverse markets with indicators for strong near and long-term economic growth