Sunbelt Core-Plus Portfolio

  • Asset Class: Multifamily (Class B+)
  • Location: Raleigh & Charlotte, NC
  • Total Capitalization: $110M
  • Required Equity: $42M
  • Target Hold: 5-7 Years
  • Target Net IRR: 12.0%

Investment Thesis

Acquisition of two stabilized multifamily assets built in the late 1990s. The business plan involves a light value-add program (unit interior upgrades) to push rents to market rates. Raleigh and Charlotte continue to exhibit extreme resilience in tech and finance job growth, insulating the assets against national macroeconomic headwinds.

Structuring Advantages

Given the cash-flowing nature of the assets, the deal is structured via a Leveraged Blocker. Shareholder debt will be utilized to strip taxable operating income out of the U.S. corporate entity via deductible interest payments, optimizing the cash-on-cash yield for the foreign principals.

Related Briefings & Deal Mandates

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