Characteristics

Value-add acquisitions

  • Strategically located value-add and core+ investments;
  • 15-20%+ rent upside via value-added strategies
  • Return on cost 100+ bps over market cap rates
  • 18%+ deal IRR over a 3-5 year hold period

Ground up CO-GP Investments

  • Superior location & amenities in high growth markets
  • Return on cost of 150+ bps over market cap
  • 60-70% leverage
  • 20%+ deal IRR/2.0x multiple over a 3-5 year hold