Our Investment Strategy
All of our acquisitions focus on where the asset is situated, seeking leading locations in markets that have compelling and sustainable demographics, employment drivers and limited opportunities for new construction. Our target markets are typically in proximity to urban centers that have a wealthy and diversified, growing economy. Location requirements include being near major transportation modes, consumer amenities such as restaurants, grocery stores, retail and parking. Other factors determining an optimal location include security, vehicular traffic, and local governments that are pro-business.
Multifamily Investment Criteria
Core-Plus, Value-add and Opportunistic
Separate accounts, direct equity programs, joint ventures/co-investments
Class A/B in urban and suburban locations
High-rise, mid-rise and garden-style properties
Orlando, Jacksonville, Tampa, Nashville and other Southeast Growth Markets
$15 to $150 million (gross)
Our investment size ranges from $15 million to $150 million. Our target acquisition properties typically have many of the following investment characteristics: charging below market rents, deferred maintenance, outdated kitchens and baths, property management upside, and constructed prior to 2000. The renovation budget for these assets typically range from $2,500 to $10,000 per apartment for property and unit improvements.