BUY BOX FOR COMMERCIAL REAL ESTATE

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 Property Type:

• Multifamily properties (Class C+/B in quality) located in Class B/B+ neighborhoods.

Location Criteria:

• Target Markets:
  • North Carolina: Charlotte, Raleigh, The Triangle, Gastonia, Monroe, Greensboro, Fayetteville
  • South Carolina: Charleston, Myrtle Beach, Columbia
  • Iowa: Des Moines
  • Georgia: Atlanta, Augusta, Savannah, Columbus, Macon

 Property Characteristics:

• Year Built: 1975 or newer.
• Occupancy: 90% or higher.
• Management: Poorly managed properties with opportunities to improve operations through professional property management.
• Construction: Pitched roofs preferred for durability and ease of maintenance.
• Rents: Under-market rents offering room for rental rate increases.

Investment Strategy:

• Value-Add: Light value-add opportunities such as minor renovations, exterior improvements, amenity additions, and interior upgrades to boost property performance.
• CapEx Budget: Target properties with manageable CapEx requirements that align with value-add strategies.