Investment Strategy

Multifamily Value-Add
in Secondary Markets

We focus exclusively on multifamily properties in Buffalo and Upstate New York, targeting assets with operational inefficiencies and repositioning opportunities.

Our Focus

Investment Criteria

We apply consistent underwriting standards across all acquisitions. Our criteria ensure we target properties with clear value-add potential and sustainable cash flow.

Discuss an Opportunity

Property Type

Multifamily properties with 50-300 units. We focus on garden-style and mid-rise assets built between 1970-2010.

Geography

Buffalo, Rochester, Syracuse, Albany, and surrounding submarkets in Upstate New York.

Investment Size

$5M - $30M total capitalization per asset. We can deploy equity ranging from $2M to $12M per transaction.

Return Profile

Target 15%+ IRR with 1.8x+ equity multiple over a 7-10 year hold period.

Value Creation

Our Value-Add Approach

Physical Improvements

We implement systematic capital improvement programs focused on unit interiors, common areas, and building systems. Renovations are designed to justify rent increases while maintaining affordability for the local market.

  • •Unit renovations: kitchens, bathrooms, flooring, fixtures
  • •Common area upgrades: lobbies, fitness centers, amenities
  • •Building systems: HVAC, roofing, plumbing, electrical
  • •Exterior improvements: landscaping, signage, parking

Operational Enhancements

We partner with professional third-party management companies to improve operations, reduce expenses, and enhance resident satisfaction. Our approach emphasizes systems, training, and accountability.

  • •Professional property management transition
  • •Revenue management and rent optimization
  • •Expense reduction and vendor renegotiation
  • •Resident retention and satisfaction programs
Buffalo Market
Geographic Focus

Buffalo & Upstate New York

We concentrate our investments in markets we understand deeply. Buffalo and Upstate New York offer compelling fundamentals for multifamily investment.

Affordable Housing Demand

Strong demand for quality rental housing at accessible price points.

Economic Stability

Diversified employment base with healthcare, education, and technology sectors.

Value-Add Opportunities

Aging housing stock with significant repositioning potential.

Portfolio Strategy

Long-Term Ownership

We build portfolios designed for long-term value creation. Our hold periods typically range from 7-10 years, allowing sufficient time to execute business plans and capture value.

Patient Capital

We avoid forced sale timelines and short-term exit pressure, allowing us to maximize value through full market cycles.

Diversification

Our portfolio spans multiple submarkets and property types, reducing concentration risk while maintaining operational efficiency.

Risk Management

Conservative leverage, adequate reserves, and disciplined underwriting protect against downside scenarios.

Explore Partnership Opportunities

We work with property owners, operators, and co-investors on multifamily transactions throughout Upstate New York.

Contact Our Team