We are active investors in US multifamily value-add transactions and have acquired over 21,000 Class B apartments with a total capitalization exceeding $2.9 billion since 2011 (as of 1/15/2020). 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.
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
Strong Highway Access
Diverse Employment Drivers
Quality Tenant Base
"B" or Better Location within Market
Valley Lo Towers
A confined and outdated kitchen gave the apartment an old, tired feel that was not attractive to today’s residents.
Created a bright, more open feel by removing a wall and updating the kitchen with contemporary appliances and finishes that a potential resident would see in newer apartment buildings.
An on-site racquetball court was outdated and underutilized while the existing fitness facility was undersized and viewed negatively by prospective residents.
Transformed the racquetball court into a two-room, state-of-the-art fitness facility with top-of-the-line equipment. The lower portion of the racquetball court was converted to storage for residents, and the former fitness facility was repurposed into a club room adjacent to the pool deck, which is well used by residents.
Inadequate and lackluster furniture with limited shade at a heavily utilized pool area felt uninviting and underwhelming to prospective residents.
Updated the pool area with a contemporary color scheme, screened lanai, private cabanas, and summer kitchen with plush seating, hammocks and green areas.