Location is a major factor driving our decision about which assets to pursue. We are looking to buy in established, B-class and better neighborhoods. We don’t look in areas that “might one day” turn around, or are hoping to be in the “path of progress”. Those buzz words tell us the area won’t support or attract the types of quality residents we aim to attract. We believe that if you buy in a good, strong area today you can be confident that area will remain good and strong throughout your hold period.

We aren’t trying to buy every deal we see. We are looking for special assets in special locations–something that speaks to us. Every asset we own has a unique quality that we can point to as to why we own it. We have a real conviction in the business plan, in the location, in the ability to implement change. Real estate is both an art and a science, and this is the artful side to our approach. We love every deal we own, because we have conviction about it.