In-Fill Housing

Identification of in-fill properties that can be redeveloped via a major renovation or developing executive semis. The target resale price of the property is $2.5 million as housing above this price point take a significant time to resale.
Model Project: Timeline, 12 months 2 months to acquire from purchase date 4 months renovation 3 months on market to sale 3 months from sale to closing.

Multi-Family Property Management

The focus is to acquisition, redevelopment, repositioning and management of small-market buildings. The reason for a focus on smaller buildings is multi fold:

• Manageable initial investment on building acquisition, enabling diversification through the purchase of multiple buildings.
• Reduced operating costs from not having elevators.

Acquisition – The target buildings are in need of upgrading, are in the 6 to 20-unit range, in up and coming areas. The initial startup target buildings are in the 6-unit range, contain lower store fronts and in some cases contain office spaces above.
Redevelopment – Upgrade the overall building and units thereby enabling rental increases.
Repositioning – Upgrading of the building to appeal to young professionals who see the benefits of living in a smaller building unit. As well as appealing to City planners who are more and more interested in maintaining the historical façade.
Management – A continual focus on obtaining operational efficiencies while providing professional value added management that builds the company brand and customer loyalty.