OUR INVESTMENT CRITERIA
Elite Capital Partners & its investors seeks opportunistic and value-added investments in underperforming multifamily in targeted markets that can be repositioned to maximize value and provide safe, quiet, and affordable living to the community.
Property Type: Multifamily apartment buildings that are roughly one class below the surrounding area. Our primary focus is C+ to B class properties in B or better areas.
Property Location: Growing primary, secondary, and tertiary metros primarily located in the southeast United States.
Property Size: 100 – 300 units
Property Age: Typically built circa 1980 or later.
Project Cost: $5 Million – $50 Million
Financing: Long term agency financing; bridge loan followed by refinancing to agency debt after stabilization
Cash Flow: Positive cash flow beginning in Year 1 and increasing throughout the hold period, in addition to significant profits upon disposition.
Anticipated Returns: Internal Rate of Return (IRR) of 14% to 18% compounded over 5 years.
Primary Focus: Value-add and repositioning plays leading to strong cash flows and asset appreciation.
Investing in Multifamily Real Estate