I spent four days in Orlando recently at the Annual National Multihousing Council Conference. This conference is the largest industry event of the year and typically breaks over 4,000 people in attendance. The attendees and panelists include institutional and private owners, developers, private equity managers, lenders and vendors from across the country whose sole focus is the multifamily space. I wanted to take a moment
It’s never a straight line from A-Z when doing a 100% tenant reposition and upgrade; but the end game and continued focus is always worth it. I’d like to share the process that we went through at Oasis at Ashley River, a 116-unit building that was a complete reposition in North Charleston. The Opportunity: Due to URS presence and extensive relationships within the Charleston market,
Our goal is to provide private investment opportunities that allow accredited investors to capitalize on the benefits of multifamily real estate including cash flow, capital appreciation and tax benefits with our focus always on capital preservation. We have seen increased interest in our multifamily projects from private investors seeking alternative options to balance risk and yield in their portfolio. Our focus on due diligence allows
URS’ first apartment deal was in Cincinnati, and this market will always hold a special place in my heart. We have worked long and hard to develop relationships in this market. Our first multifamily acquisition in Cincinnati was an off-market 40-unit building for $260,000 in 2009. In 2015, in the same city (but different submarket, Fairfield) we closed on a $12,400,000 apartment community, Pinnacle on
Alongside the vision to see the diamond that is sometimes in rough shape, what separates URS Capital Partners from other firms is our absolute commitment to understanding all aspects of a deal prior to presenting it to our accredited investor network. Let’s step through each facet of our diligence process so you have an idea of the depth and breadth of our market and property analysis:
Join Chris as he walks through the progress on our amenity upgrades at our 278-unit multifamily property in Savannah. At URS Capital Partners we spend a great deal of time researching our competitors, informing our comprehensive business plan. For this Savannah project, the major capital projects had been already renovated. Upgrading the amenities and grounds was our initial focus. Take a look at our progress so far.
Join Chris as he takes you inside the units at our Louisville multifamily project to show you a classic and an upgraded unit. When we start a renovation project, we make sure that whatever upgrades we commit to will be reflected in higher rents. Chris talks through how that translates to the bottom line in this video. In addition to the units interiors, the outdoor
The multifamily real estate business is as straightforward as it gets: basic supply and demand. Last week I attended the Middle Market Multifamily Conference, where owners, brokers and lenders from all over the country came to Florida to discuss where the multifamily market is headed. All that attended agreed that strong multifamily market fundamentals are poised to continue, and the demographic markers of renters have
One of the tenants of our company is that, beyond being transparent and accessible to our investors, we want to educate our investors to truly understand what they are investing in. Here are some of the questions that you must have a thorough understanding of prior to investing in any real estate project. Who is asset managing my investment? This is an important question: many
