Projected Returns
1.8X – 3X
Equity Multiple
7% - 12%
Net Cash-On-Cash
12.5 - 18%+
IRR
Our Core Values
INVESTORS ARE OUR PRIORITY
- Limited Partners get paid first.
- No loan/ debt exposure.
- Timely and transparent .
ALIGNMENT
- We invest in the deals alongside our investors.
- Low fees.
- General Partners accept all loan exposure.
CAPITAL PRESERVATION
- Conservative underwriting to protect the downside.
- Growing markets with strong economic drivers.
PERFORMANCE
- Serve our tenants the way we would want to be treated.
- Improve the quality of life for all of our tenants.
How We Select Deals
UNDERWRITE OVER 100 TO FIND 1
Hundreds of deals come across our desk on a consistent basis. With our strict underwriting guidelines, we see one great deal to execute on every 100.
Stabilized Asset
We focus on value-add properties that have a clear path to stabilization through repairs, improved operations, and new amenities.
VALUE-ADD UPSIDE POTENTIAL
After substantially improving the property we increase the Net Operating Income (NOI) on the property by pushing up rents.
VERIFYING ACTUALS, NOT PROFORMAS
Brokers love to provide buyers with financial projections (proformas) as if they were today’s numbers. We verify, and base our offer on the ACTUALS.
STRONG LOCAL RENT GROWTH
We dive deep into the deals submarket to understand the We carefully evaluate the submarket of our deals to understand the economic drivers, rental trends, and local regulations.
DO THE NUMBERS WORK
After all of the aforementioned, we come up with Maximum Allowable Offer (MAO), which is the maximum amount we can pay to acquire the deal.