1980

Built After

$700+

Gross Rent Multiplier

2

Bedroom Sized Units

Preferences

7%+

Cap Rate or higher

1.25+

Debt Service Coverage Ratio

<8

Average Unit Rent

Sub-performing apartment complexes with a clear path to upside through repositioning, curing deferred maintenance, and improving management

Asset Profile

Deal Structure

Tailored solutions to overcome financing challenges while satisfying sellers' goals

Geography

Southern U.S. with a focus on secondary and tertiary markets which have demonstrable growth characteristics