In the ever-evolving landscape of real estate, a well-defined strategy is paramount. At 1218 Legacy Partners, we've refined our approach over the years, ensuring we remain at the forefront of multi-family property investments. Our process is meticulous:
Identification: We diligently scout for properties that fit our investment criteria, leveraging market insights and trends.
Acquisition: Once identified, our team assesses the potential returns, risks, and long-term prospects before moving ahead.
Management: Our hands-on approach ensures properties are managed efficiently, prioritizing tenant satisfaction and optimal returns.
This systematic approach and continuous market analysis place us in a prime position to offer consistent and rewarding returns to our investors.
Why Multi-Family Properties:
Multi-family properties offer a unique blend of stability and growth potential. Here's why we specialize in this sector:
Steady Cash Flow: Multi-family properties often ensure a consistent income stream due to multiple tenants.
Risk Diversification: Vacancies in one unit are offset by occupied units, reducing the overall financial impact.
Scalability: Investing in multi-family properties allows for a broader asset base in one transaction, aiding portfolio expansion.
Market Resilience: Historically, multi-family properties have shown resilience in market downturns, offering a safety net to investors.
Investment Criteria
We focus on properties ranging from $2 million to $50 million.
Our sweet spot is C-B+ multi-family properties, particularly those with 85+% occupancy, capable of securing long-term debt.
50 – 250 Units
Potential for value enhancement through strategic management and/or renovations
We aim for a 7-8% cash-on-cash return at takeover in primary markets or 8-10% in secondary or emerging markets, maintaining a debt coverage ratio 1.5.
Our typical hold period for assets spans 3-7 years.
We've set our sights on primary and emerging markets nationwide, allowing us to capitalize on diverse opportunities.