CREI Partners focuses its business on value-add multi-family opportunities and build-to-rent developments. Properties are identified through a disciplined selection criterion, while utilizing CREI Partners experienced team to execute the investment process to its fullest potential. We built and continuously align our business to these four pillars: Disciplined Strategy. Investment Transparency. Experienced Partners. Results Driven.
Desired Investment Criterion
- 1975 or newer construction with 100+ Unit Apartments
- Nationwide Growth Markets with Attractive Apartment Fundamentals
- Special focus and priority on Texas and Southeast Markets
- 85%+ Occupancy
- Value Add renovation opportunities to achieve rent premiums
- Increasing net operating income via moderate capital expenditures
- $10M-$40M Purchase Price
- All investment returns vary based on the individual property
- Minimum $50,000 investment (some opportunities higher)
- 3-7 year hold period
- Min preferred return 7+% with 12%+ IRR
INVESTING IN GROWTH MARKETS WITH STRONG APARTMENT FUNDAMENTALS
We partner with proven sponsors and syndicators to understand sub-markets at a hyper local level. We primarily focus on Texas and Southeast USA due to the strong apartment fundamentals (as shown above) and strategic partnership relationships.
Attributes of Strong Apartment Fundamentals:
- Landlord Friendly State
- % of Job Growth Trending Upwards
- % of Population Growth Trending Upwards
- % of Income Growth Trending Upwards
- % of Crime Rate Trending Downwards
- Strong partner relationships to execute the investment strategy.