FOLLOW THE POPULATION GROWTH
VALUE ADD
MULTIFAMILY
BEST-IN CLASS
MULTIFAMILY
VALUE ADD
RETAIL
Market Criteria:
- Shortage of affordable housing
- Large spread between class A and class B rents
- High barriers to entry with a limited construction pipeline
Asset Criteria:
- Can benefit from common area upgrades, interior renovations, or stronger management personnel
- Remain the affordable option post value-add
Market Criteria:
- Population, income, and job growth that is on par with or better than a gateway market
Asset Criteria:
- Walkability or short driving distance to major transportation arteries
- Can be purchased below replacement cost and generate dependable cash flow immediately following acquisition
- High home values make renting a more affordable option
Market Criteria:
- Population of 200,000+ people with no one sector making up more than 20% of the economy
Asset Criteria:
- Single tenant net lease or street retail located in high traffic locations (30,000+ vpd) with a strong day-time population