Investment Vehicles
Assets Under Management
$900M
Multi-Family Suites
9071
Properties
27
Number of Markets
10
Investment Highlights
Strategy
Active Asset Management
- Active, continuous revenue management
- Reduce operating expenses
- Renovate suites and common areas to attract rental premiums
- Identify ancillary revenue opportunities
Core and Core Plus Program
The core and core plus strategy is to capitalize on historically low vacancy and strong demographic trends in targeted geographic locations experiencing compelling population growth, employment growth and lifestyle preferences. Selected multi-family communities are recently constructed, Class “A”, institutional quality that are located in the southern United States. The core and core plus strategy also includes active asset management utilizing reputable best-in-class U.S.-based property managers to implement net operating income growth by maximizing rental rates and ancillary revenue opportunities with rigorous operational controls to manage and reduce costs.
Target Markets
- Southern United States
- Major markets with +1M populations
- Suburban markets with strong job, economic and population growth
- Strategically located
Target Assets
- Class "A" institutional quality
- Garden-style
- Resort amenities
- Built in 2008 or newer
Active Asset Management
- Increase revenue through rental maximization
- Reduce operating expenses
- Renovate selected suites and common areas to attract rental premiums
- Identify ancillary revenue opportunities
Value Add Program
The value-add strategy is focused on achieving increases in rental rates through targeted high return, light value-add capital expenditures to rental suites, clubhouses and amenities in selective geographic locations experiencing compelling population growth, employment growth and lifestyle preferences. Selected multi-family communities are Class “A”, institutional quality that are located in the southern United States built in 1990 or later. The value-add strategy also includes active asset management utilizing reputable best-in-class U.S.-based property managers to implement net operating income growth through by and maximizing rental rates and ancillary revenue opportunities with rigorous operational controls to manage and reduce costs.
Target Markets
- Southern United States
- Major markets with +1M populations
- Suburban sub-markets with strong job, economic and population growth
- Strategically located
Target Assets
- Class "A", institutional quality
- Garden-style
- Resort amenities
- Built in 2000 or newer
Active Asset Management
- Complete light-value add capital expenditures to suites, clubhouses and amenities to attract rental premiums
- Increase revenue through rental maximization
- Reduce operating expenses
- Seek and identify ancillary revenue opportunities
- Daniel Drimmer, Chief Executive Officer
- Evan Kirsh, President
- Martin Liddell, Chief Financial Officer
- David Hanick, Chief Legal Officer