Target Markets
Diversified across the US
Target submarkets with (i) attractive long-term growth prospects and (ii) manageable regulatory risk
Right location in a submarket informed by decades of investment experience
Property Type
Diversified by price point, building type (high- / mid-rise vs. garden), and location (urban vs. suburban)
Key criteria is whether a property can attract high-quality residents
Property age agnostic
No ground up development
Transaction Type
Stabilized acquisitions
Lease up acquisitions
Repositioning and value-add strategies
Recapitalizations
Special situations
Transaction Size
$50 million to $250 million in GAV
Portfolios of $500+ million in GAV
Up to 70% LTV (primarily GSE financing)