ACQUIRE

  • Purchase Underperforming Apartment Communities
  • Mom and Pop Characteristics
  • Class B and C buildings
  • 20-50 units
  • Deferred maintenance
  • Value-Add opportunity

REPOSITION

  • Bring in professional management team
  • Stabilize the property
  • Fill vacancies
  • Implement RUBS
  • Change fee structure
  • Raise remaining rents

EXIT PLAN

  • Hold long term – increasing cashflow, principle pay down and appreciation
  • Refinance – roll proceeds into the next
  • Sell – cash out or roll proceeds into next property