Good opportunities often require quick decisions.
Our process is designed to allow us to move efficiently while maintaining discipline around the questions that matter.
We source opportunities through brokers, owners, lenders and other industry relationships.
Initial screening focuses on understanding why the opportunity exists, current property performance, acquisition basis, market fundamentals and identifiable sources of upside.
Promising opportunities undergo detailed financial and operational underwriting.
We evaluate factors including:
Financial assumptions are validated through diligence and, where appropriate, specialized professional expertise.
This may include:
Following acquisition, property performance and capital improvements are measured against the original business plan.
Material deviations are identified and addressed as conditions evolve.
Exit or refinancing decisions are based on property performance, market conditions, financing availability, remaining value-creation potential and alternative uses of capital.
Knowing When Not to Invest