Affordable - Multifamily Specialists

Problems:

► Demand > Supply

Construction is not keeping up with demand → Rents are increasing

► Construction Time & Cost

New developments take an average of 3–5 years to complete and it is not profitable for investors to charge low rents with today's construction costs.

► Undesirable Locations

Affordable developments are generally located away from city centers & lifestyle locations

► Unattractive Product

Deferred maintenance has declined the quality of existing affordable developments

Solution:

Recession Proof
Business Plan

True Community
Feel

Ballrooms →
Amenities

Full Amenity
Package

Affordable Units
for All

Institutional
Management

Top Safety &
Oversight

In-Unit Cooking
Facilities

PROJECTS w/ AFFORDABLE HOUSING

Acquired: April 2022 Type: Hotel to Multifamily Unit Count: 225 Delivered: Q1 2026

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Acquired: December 2020 Type: Hotel to Multifamily Unit Count: 174 Delivered: Q3 2024

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Acquired: August 2020 Type: Hotel to Multifamily Unit Count: 172 Delivered: Q3 2023

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Acquired: August 2020 Type: Hotel to Multifamily Unit Count: 155 Delivered: Q2 2023

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Acquired: March 2020 Type: Hotel to Multifamily Unit Count: 226 Delivered: Q2 2022

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Acquired: January 2018 Type: Ext. Stay to Multifamily Purchase: $5.0MM Total Capital: $10.1MM Unit Count: 148 Delivered: Q1 2020

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Acquired: April 2018 Type: Ext. Stay to Multifamily Purchase: $4.5MM Total Capital: $7.4MM Unit Count: 96 Delivered: Q1 2020

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