Acquisitions.
Just as we are passionate about developing apartment and student housing communities nationwide, we are passionate about acquiring student housing and multifamily communities with value-add potential located in targeted markets across the country.
.Principals of Homestead Development Partners have been directly involved in the acquisition, renovation, reposition and successful rebranding of over 20,000 apartment units nationwide. Our platform and flexibility allows us to find under-the-radar acquisitions offering high-yielding returns through implementation of value-add renovations and high quality asset management.
Similar to our development projects, the hallmarks of most communities acquired by Homestead Development Partners community include:
.Principals of Homestead Development Partners have been directly involved in the acquisition, renovation, reposition and successful rebranding of over 20,000 apartment units nationwide. Our platform and flexibility allows us to find under-the-radar acquisitions offering high-yielding returns through implementation of value-add renovations and high quality asset management.
Similar to our development projects, the hallmarks of most communities acquired by Homestead Development Partners community include:
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Exceptional Design
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Flawless Execution
Social Connectedness
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Desirable Amenities
Conventient Locations
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Best-In-Class Management & Customer Service
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TARGET MARKETS. |
STUDENT HOUSING. |
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We are targeting value-add student housing assets nationwide, as well as deep value-add multifamily apartment acquisitions in primary and secondary apartment markets proximate to major employment centers.
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Our team has a unique approach to selecting campuses for student housing acquisitions. We offer a strong track record of renovation, repositioning, rebranding and asset management of both student housing and multifamily apartment communities.
Student Housing Generally, we look at colleges and universities with full-time enrollment over 10,000 students. Prefer assets that are close to campus Value-add renovation opportunities greater than $3,000 per unit Minimum of 300 beds Multifamily Primary and secondary markets nationwide Prefer assets that are proximate to major employment centers Value-add renovation opportunities greater than $3,000 per unit Minimum of 150 units acquisition EXECUTION.Acquisition execution includes: Feasibility analysis :: Construction management :: Due diligence :: Planning & budgeting :: Target market focus groups and feedback :: Value-add consultation and oversight :: :: Governmental approvals and permitting :: Purchasing :: Value engineering :: Production, cost, and quality control
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