Our Portfolio
We are active investors in US multifamily value-add transactions and have acquired over 26,000 Class B apartments with a total capitalization exceeding $4.1 billion since 2011 (as of 11/29/2022). 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
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200-400 Apartment Units
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1980's to Early 2010's Vintage
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Mid-Sized Assets $30-$90 Million
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Primary and Secondary Markets
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Value Creation Opportunity
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In-Place Cash Flow
Submarket and Property Criteria
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Good School System
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Infill Location
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Strong Highway Access
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Diverse Employment Drivers
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Quality Tenant Base
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"B" or Better Location within Market
Current Portfolio
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Valley Lo Towers
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![]() OpportunityA confined and outdated kitchen gave the apartment an old, tired feel that was not attractive to today’s residents. | ![]() SolutionCreated 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. |
Water’s Edge
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![]() OpportunityAn on-site racquetball court was outdated and underutilized while the existing fitness facility was undersized and viewed negatively by prospective residents. | ![]() SolutionTransformed 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. |
Arbors
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![]() OpportunityInadequate and lackluster furniture with limited shade at a heavily utilized pool area felt uninviting and underwhelming to prospective residents. | ![]() SolutionUpdated the pool area with a contemporary color scheme, screened lanai, private cabanas, and summer kitchen with plush seating, hammocks and green areas. |