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Our investment strategy is focused on delivering the most appropriate housing product type for a given market, utilizing our expertise in developing market rate, workforce housing and LIHTC communities.
Our investment strategy is to develop communities in areas where growth is driven by demand for jobs which are resistant to cyclical economic conditions. Our expertise in finding the best-in-class construction and property management partners for each community affords us a competitive advantage in the dynamic landscape of multifamily housing. With over $500 million in multifamily development experience, our investors benefit from financing strategies designed to maximize value creation while mitigating downside risk.
We focus on strategic opportunities which:
From site selection, market and feasibility analysis to obtaining entitlements and procuring project financing, we have extensive experience in new construction projects in the Midwest and Southeast. Having experience working with multiple architectural and engineering firms on a national basis, we have created replicable multifamily products which maximize construction and operational efficiencies. Our strategic partnerships with other industry leaders demonstrates our measured approach to providing the best product for a given market.
Some of the most challenging sites can also be the most rewarding. Whether it’s an abandoned strip mall, a brownfield site, or urban infill we have developed numerous projects facing headwinds which few would endeavor to undertake. Our disciplined approach to due diligence, incentives and custom tailored project plans afford opportunities to capitalize on otherwise difficult ventures.
Navigating the complexities of tax credit financing in today’s environment comes with a unique set of challenges. Our team has experience and expertise in both new construction and rehabilitation projects utilizing Section 42 and state tax credits. The national affordable housing shortage continues to grow, and we are committed to providing creative solutions to bring more affordable housing units online. Having worked with multiple syndicators, investors and lenders we are in tune with market conditions to find solutions to the affordable housing shortage. We have educated several municipalities on creative financing structures to promote affordable housing, including the utilization of TIF, tax abatement, grant funding and a multitude of other soft funding sources. We work with developers, municipalities, non-profits and many other stakeholders to deliver the highest quality affordable housing possible for a given location.
We develop family oriented communities that provide high quality housing options which offer unique services to assist our residences in ensuring we are a launching point for their future. By focusing on developing in areas of growth, we firmly believe living in our affordable housing communities can be the first step in the journey of a resident to find solid financial footing. Drawing on our experience in both new construction and rehabilitation projects, we have demonstrated the ability to provide efficient solutions to the creation of more housing for all levels of income.
Seniors can often get priced out of an otherwise desirable market due to the demand of market rate housing in a given area. We seek to provide affordable housing solutions to seniors in areas which in close proximity to job opportunities. This strategy is in furtherance of our effort to provide the best product for our target market in a given geographic area. As the US population ages, the need for affordable solutions for seniors continues to grow, and we are focused on building communities to serve this critical component of our society.
Most firms are focused on two ends of the spectrum – market rate or tax credit financed projects. However, the current climate has left the middle income resident with few options for housing. We are committed to developing communities which target the Workforce population – the largest band of renters in the US – those making between 80-120% of the area median income (AMI). Given these tenants do not qualify for LIHTC and are often priced out of traditional market rate projects, Workforce residents are often forced to sacrifice quality and live in areas which are either inconvenient, or simply poor quality. We work with several financing partners and municipalities in creating structures which allow us to solve this problem. Our targeted approach to Workforce Housing provides a unique solution to the largest component of our population, while offering investors an opportunity with unmatched underlying fundamentals.