We target properties where the rents are below market, there are opportunities for new income streams, leasing and tenant screening can be improved, and expenses can be lowered.
We mitigate capital risk by avoiding properties that are more likely to have unexpected capex costs.
We buy at lower prices by focusing on properties with favorable buying dynamics such as the owner selling for non-economic reasons, there’s low cost assumable debt, or the seller is absentee and needs to sell.
Our firm’s two managing partners have experience in banking, real estate, private equity, and law and hold degrees from Harvard Law School and Harvard Business School.
Partner
Responsible for deal sourcing, underwriting, strategy, and operations. Through Essential Land Company and predecessors, has acquired and renovated multifamily, retail, and hospitality real estate. Previously investment banking at JP Morgan and real estate attorney at Gibson, Dunn & Crutcher. Mphil, Cambridge University, UK. JD, Harvard Law School.
Partner
Responsible for financing, underwriting, and strategy. Over the span of career, helped lead acquisition and management of over $750 million of real estate and over $20 billion of corporate assets. Previously distressed credit at Bain Capital, real estate acquisitions at family office of Starwood Capital founder, and private equity at Ares Management. BA, Harvard. MBA, Harvard Business School.
Vice President of Acquisitions
Responsible for deal sourcing, underwriting, market analysis, and managing broker/seller relationships. Involved in over $600 million of multifamily acquisitions over the span of career. Previously multifamily acquisitions at Olive Tree Holdings, a vertically integrated real estate private equity firm with $1+ billion AUM. BA, University of Wisconsin - Madison.
The combination of higher interest rates and fewer buyers in the market has created an attractive opportunity right now to buy multifamily properties at discounted prices.
Generating superior multifamily returns for our investors while improving and preserving workforce housing.
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