Focused on delivering strong returns through value-add capital expenditures, including renovations tailored to maximize rent premiums.
The Fund invests in markets with superior job growth and rent-to-income ratios compared to gateway markets and national averages. Targeted suburban multifamily investments have provided superior recent returns and comparable twenty-year returns when stacked up against urban products with markedly lower volatility.
Target Markets
Vibrant secondary markets in the Midwest and Southeast U.S.
Attractive job growth and supply / demand dynamics
Significantly lower rent to income ratios than gateway markets
Target Assets
Middle-income focused suburban garden-style and mixed-use
Desirable submarkets with favorable demographics and high barriers to entry
Accessibility to nearby interstates, retail, employment, and great school districts
Post-renovation rents remain below 25% rent to income ratio
All-in costs below replacement costs