1) Buy
- Well located, poorly managed, undervalued, and distressed low-rise multi-family residential communities at 30-50% of replacement value
3) Sell and/or Refinance
- Refinance stabilized properties with improved cash flow
- Selectively and opportunistically divest properties
- Repatriate recaptured equity into CAPEX programs and new acquisitions which offer greater return on invested capital
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2) Redevelop / Re-tenant
- Improve physical infrastructure and security
- Transform the community through extensive exterior and interior rehabilitation
- Replace unqualified residents
- Reduce costs through intense operational changes
- Provide amenities targeted to desired resident profile
- Install proven property management personnel and processes
- Implement proven variable expense model
- Reduce / transfer utility costs wherever possible
- Aggressively contest all property tax assessments
- Economies of scale through local market concentration
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