Create passive income by investing in well-designed, value-add multifamily properties.
We believe that well-designed units, family-friendly amenities and professional management yields higher rents and happy tenants who stay longer.
Our Investment Criteria
-
Size
We aim for properties in the 150-300 unit range unless they are trophy properties that could be smaller but match our other criteria.
-
Markets
Growing secondary markets are our main target. We currently primarily invest in Florida, Georgia and the Carolinas.
-
Type
We seek out value-add opportunities and bring value to tenants and as a result to investors, by applying key design principles to upgrade the property.
-
Returns
We aim for cash on cash returns of 11-14%, and an IRR of 13-17%. We aim to return 40-50% of equity within refinance between 18-30 months from acquisition.
-
Operations
We buy properties that are operational at acquisition to protect from negative cash flow. All our investments cash flow from year 1.
-
Term
Our target hold period is between 7 to 10 years but varies based on the specific asset with the end goal of maximizing IRR each time.