Redevelopment
Investment
Reposition assets through targeted investment of capital improvements, including upgraded amenities, updated unit finishes and increased operational efficiencies.
Seek out older vintage apartments that under-managed with below market rents and occupancy, inefficient property management and expense controls, and unrecognized revenue generation opportunities.
Locate properties in established or up and coming neighborhoods with strong demographics that will support a higher income tenant profile.
Upgrade management and enhance marketing while re-positioning the property through capital improvements (i.e., common areas, signage, landscaping, amenities and units).
Upgrade management and enhance marketing while re-positioning the property through capital improvements (i.e., common areas, signage, landscaping, amenities and units).
Upon stabilization, returns can be maximized by refinancing with lower cost long-term debt and returning equity to investors or a sale.
