The targets are selected carefully along our structured investment process. Usually the target property shows one of the following characteristics:
- Underperforming revenue streams: the property is not operating at full occupancy and/or the leases that are in place are at levels below market rents or that don’t match expectations/pro forma.
- Overrun operating expenses: the costs to operate and maintain the property have increased beyond budget or exceed norms to a point where they are excessive.
- Unserviceable debt: when market conditions adversely shift or projected rents are no longer achievable, or both, the property owner is unable to meet debt service obligations.
Our Investment Process
|2. Due Diligence
|3. Initial Ownership
|4. Value Enhancement