Buckingham Multifamily Fund 2
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. Performance outcomes are consistent with the increase in the market for workforce households and urban core deliveries since 2012.
Buckingham Multifamily Fund 2
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 14% - 16% gross IRR
Buckingham Multifamily Fund 2
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
