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Acquisitions & Dispositions We believe that quality research and due diligence are key to successful investment in multi-family assets. In evaluating acquisition opportunities typically only 1 out of 20 assets reviewed meets our initial investment criteria in order to move forward in the acquisition process of that asset. This initial review highlights which properties represent the best acquisition opportunities. Over 100 strategic areas are identified during our assessment review process, which include but are not limited to….. - Identifying geographically diverse, high barriers to entry growth markets with stable employment and supply constrained characteristics
- Extensive property evaluations including operations, physical inspections, local market and sub-market reviews
- Minimizing operational surprises by identifying physical or financial issues that could have a negative impact on value
- Developing a detailed financial understanding of the asset
- Evaluating risk issues and mitigation plans
- Opportunity and feasibility studies for positioning and/or repositioning
- Identifying, planning, and implementing effective renovation programs
- Creating long term, detailed operating and capital budgets including 5 year operating capital plans
- Value added component with return on investment analysis
The disposition of an asset begins with the acquisition. A strategic plan for an exit strategy is crucial to the overall success. We make recommendations regarding dispositions based on the continuous review and analysis of our acquisition principles.
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