We are active investors in US multifamily value-add transactions and have acquired over 15,000 Class B apartments with a total capitalization exceeding $1.8 billion since 2011 (as of 9/30/17). Our goal is to build a geographically diverse portfolio of multifamily communities where value-add renovations and improved property management create a “like new” experience at a moderate price point.

Investment Criteria

200-400 Apartment Units
1980's to Early 2000's Vintage
Mid-Sized Assets $20-$75 Million
Primary and Secondary Markets
Value Creation Opportunity
In-Place Cash Flow

Submarket and Property Criteria

Good School System
Infill Location
Strong Highway Access
Diverse Employment Drivers
Quality Tenant Base
"B" or Better Location within Market
 
 
 

Current Portfolio

  •  LEM Active Investments
  •  LEM Monitoring Market
  •  Value-Add Case Study
Portfolio Map

The Clayson

Opportunity

An enclosed and outdated kitchen gave the apartment a tired and old feel that was not attractive to the prime renter cohort

Solution

Create an open plan layout with contemporary appliances and updated finishes that makes the kitchen the center of the home

Updated kitchen: The Clayson (Palatine, IL), 1977, 448 units
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Royce at Trumbull

Opportunity

An on-site racquetball court was outdated and underutilized while the existing fitness facility was undersized and viewed negatively by the prospective tenants

Solution

Convert the racquetball court into a state of the art, two-story fitness facility with top of the line equipment. Former fitness facility repurposed into a club room that is additive to the leasing tour

Updated racquetball court/gym: Royce at Trumbull (Trumbull, CT), 1997, 340 units
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Montevista

Opportunity

Drab furniture and limited shade at a heavily utilized pool area

Solution

Update pool area with contemporary color scheme, new fire pit and BBQ area and cabanas with plush seating and lounge areas

Updated pool: Montevista (Orlando, FL), 1989, 360 units
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