Investment Process 2018-03-20T18:22:20+00:00

INVESTMENT PROCESS

SMC is a patient and opportunistic investor focusing on long-term returns.  Our team has been together for many years maintaining a large network of industry professionals.  Each year we look at several hundred opportunities, but only two or three typically meet our investment criteria.

Investment properties must meet these conditions:

  • Fully permitted land for development or existing “value-add” multifamily apartment properties
  • Build at a cost basis under current replacement value
  • Cogent strategy for value creation and NOI growth through prudent asset management on a deal by deal basis
  • Exit strategy for selling assets into favorable markets
  • Equity Investors to receive preferred returns of 7% – 10% with targeted IRR’s of 16% – 21%