Summary

• Property Type: Multifamily apartment buildings that are roughly one class below the surrounding area. Our primary focus is C+ to B class properties in B or better areas.

• Property Location: Growing primary, secondary, and tertiary metros primarily located in the southeast United States.

• Property Size: 80 – 250 units

• Property Age: Typically built circa 1980 or later.

• Project Cost: $3 – $10 Million

• Financing: Long term agency financing followed by supplemental cash-out financing; bridge loan followed by refinancing to agency debt after stabilization

• Cash Flow: Positive cash flow beginning in Year 1 and increasing throughout the hold period, in addition to significant profits upon disposition.

• Anticipated Returns: Internal Rate of Return (IRR) of 14% to 18% compounded over 5 years.

• Primary Focus: Value-add and repositioning plays leading to strong cash flows and asset appreciation.