Strategies

Investment Strategies:

We are disciplined, patient stewards of capital, focused on identifying investments which achieve steady, diversified and tax efficient returns with a concentration on growing net cash flow, often through renovating assets to achieve better outcomes.  Our geographies are selected with an eye toward growth markets that are attractive places to live, and ones that we can manage efficiently with scale.  Through a combination of proficient in-house asset management, experienced and conservative underwriting standards, and ongoing capital reinvestments, we seek unique opportunities where long-term growth prospects is prioritized over short-term gains.  When evaluating acquisition and development opportunities, several key principals shape our decision-making philosophy:

1

Conservative valuation approach, not reliant on best case assumptions and terminal events
2

Modest leverage with sufficient capital reserves
3

Tax-deferred earnings strategies optimized through cost segregation studies
4

Diversified fund structures with exposure to multiple underlying investments through a singular offering entity
5

Alignment of interests. Returns to investors are senior to the manager’s compensation, without typical “manager catch-up” provisions

Investment Criteria:

1

Minimum 125-unit properties
2

1980s vintage and newer
3

Minimum equity investment of $5 million with conservative leverage of less than 65%
4

Preference toward value-add acquisitions with significant re-positioning opportunities
5

Development in growth markets with emphasis on Opportunity Zone investments