Our Mission

Our mission is to purchase undervalued assets and unlock their economic potential through sound operational management, prudent capital allocation, and a focus on long-term sustainability.

 

Our Goals

Phase

#1

Build a scale portfolio of residential multi-family properties in Jacksonville, FL - initially using our own capital to establish proof-of-concept and then seeking equity partners to grow

Phase

#2

Insource select support functions and develop them into standalone businesses that can take on external customers

Phase

#3

Continue to insource support functions and opportunistically expand into new business lines and geographies, ultimately building a diversified holding company

 
 

Our Values


Long-term

We have a long time horizon and approach decisions with an owner's mindset

Rational

We embrace common sense, reason from first principles and only pursue opportunities that we understand

Disciplined

We approach every decision with rigor and discipline, consulting the best available evidence

 

Collaborative

We aim to build true partnerships that emphasize longevity and mutual reward, seeking partners who share our values and have complementary skills

 

Sustainable

We aim to create value for all stakeholders, including tenants, customers, employees, investors and the communities in which we operate

 

Our Investment Criteria

Residential multi-family properties

FINANCIAL CRITERIA

● Ability to generate strong returns on invested capital (10%+ ROIC; 20%+ ROE)

● 3-year average vacancy rate below 10%, with potential for reduction

● Relative rent stability through economic cycles

● Opportunity for annualized property value appreciation and rent escalation in excess of 3%

HOUSING STOCK

● Our initial target is a small-scale property (4-8 units), subsequent near-term purchases will target larger properties (10-20 units)

● Forecast rent must be competitive with surrounding housing supply

● Building must not require capital intensive/non-cosmetic repairs

STREET ADDRESS

● Immediate area has manageable poverty/crime rates and stable or improving fundamentals

● Property has low probability of damage during natural catastrophes (e.g. hurricanes and associated flooding)

Contact Us

 

Please fill out the below and we will reach out as soon as we can.