A. Disciplines
- Rehab & Repair
- Repositioning
- Mortgage Workout
- Asset Management
- Turnaround
- Consulting
B. Virtues of Multi-Family Investment
1. Utility
- Basic necessity
- Everyone needs a roof over their head … but not necessarily an extra 1,000 sf of office or a new retail outlet
- Elastic — always a tenant at some price
- Growing population — especially renters
- Relatively easy to finance and sell
2. Straightforward Management
- Residential far simpler than commercial & retail
- Tenant credit — fairly straightforward to determine
- Billing — doesn’t involve complex common area charge-backs
- Leases are all uniform — no special terms
- Leases are independent — they don’t require “anchor” tenants for example
- Marketing is simple — no need to recruit a tenant in a certain business or of a certain size
- Building use is for residential purposes — does not have to be adapted to particular business functions
- Tenant improvements are always the same — do not have to be customized to the use of various tenants