• Invest primarily in existing Class B and C multifamily properties in secondary markets throughout the Midwest and Southeast
  • Generally seeking properties over 20 years old containing between 100 and 400 units
  • Grow Property Cash Flows through:
    • Renovations – varying from light ($3-$5k/unit), medium ($5-$15k/unit), and heavy renovation ($15-$30k/unit)
    • Repositioning/rebranding/lease-up of property and operational improvements
  • Focus on affordability – seek to keep post-renovation rent to 35% of median area income
  • Sustainability – water, energy, lifestyle and sustainable improvements
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