FUND VI

History and Expertise

Our established history of success can be attributed to our vision – to seek and recognize new investment opportunities in the rapidly changing global economic climate. This vision is still part of our business philosophy today. Located in Omaha, Nebraska, our entrepreneurial team believes in the ability to combine traditional and new investment structures to achieve the desired balance between risk and reward, while maintaining a Midwestern work-ethic and strong values of integrity. Our ability to turn today’s challenges into tomorrow’s opportunities reflects our commitment to our long-term investors and partners.

Our Portfolio
Infinity at Plaza West

Acquistion Strategy

Invest in existing Class B and C properties in secondary markets with rent levels at or below 30% of residents’ income

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Seek older properties that will benefit from interior and exterior improvements and increased energy efficiency while remaining affordable

Implement a value-add strategy with interior and exterior renovations coordinated by our construction services group and enabling our properties to increase rents and lower operating expenses

Expertise: Management team has demonstrated track record of success in Class B and C properties for over 30 years

CASE STUDIES

Lakes of Northdale

Tampa, FL- 216 Units
OPPORTUNITY
  • Suburban, garden style community of 216 apartments located in desirable neighborhood of Tampa, Florida
  • Investment Opportunity – 20 year old asset in excellent location in need of capital to address deferred maintenance and improved curb appeal
  • Replace site staff with proven manager and maintenance team
  • Replaced all roofs and exterior siding
  • Initiated interior upgrade program
  • Raised rents, improved resident profile
  • Annual revenue growth rate of 7.5%
  • Sold asset in late 2007 achieving annual internal rate of return of 51.2% and an equity multiple of 3.58x
RESULTS

Purchase Price: $10.3 million
Renovations: $850,000
Equity Invested: $3.1 million
Realized Proceeds: $11.1 million
Gross IRR: 51.2%
Equity Multiple: 3.58x

Orpheum Tower

Omaha, NE- 132 Units – Built in 1912/Renovated 2012-2013
OPPORTUNITY
  • 16 Story midrise building comprised of 132 apartments in downtown Omaha, NE
  • Prime location – walkable to major employers, cultural venues and downtown entertainment district
  • Investment Opportunity – renovate and enhance value of historic property in excellent location
  • Purchased asset in 2012, invested $1.1 million in capital improvements to upgrade all apartments and common areas
  • Sold asset in 2016 realizing a 22.5% annual Internal Rate of Return and a 2.32x equity multiple to our investors
RESULTS

Purchase Price: $11.9 million
Renovations: $1.1 million
Equity Invested: $3.1 million
Realized Proceeds: $7.3 million
Gross IRR: 22.5%
Equity Multiple: 2.32x

OUR REAL ESTATE RECORD OF SUCCESS

UNITS

PROPERTIES

STATES

MEET OUR TEAM

Jack Cassidy

Jack Cassidy

Dominic Vaccaro

Dominic Vaccaro

Pamela Finn

Pamela Finn

Jason Whipple

Jason Whipple

THE MATERIALS CONTAINED HEREIN DO NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY SECURITY OF BURLINGTON CAPITAL LLC OR ITS AFFILITATES AND SUBSIDIARIES (THE “COMPANY”).  Any offer to sell or any solicitation of an offer to buy securities of the Company will be made solely by delivery of a current Private Placement Memorandum describing the terms of such an offering and the risks associated with an investment in the Company (the “Private Placement Memorandum”).  Prospective investors in the Company should review the Private Placement Memorandum in its entirety, including the risk factors described therein, prior to making a decision to invest in the Company.