Housing America’s Growing Workforce
Workforce housing has outperformed the overall multifamily market in recent years with relatively low vacancy rates and above-average rent growth. The healthy market performance has attracted significant investor interest in these rental communities that are affordable for low- to median-income families.
Our Business Model
Sourcing the Deal
The process starts with sourcing a deal. We have an extensive network of brokers, lawyers, and agents that seek properties which meet our criteria. In the markets we target, we will complete acquisitions from 75-500 units per property that are from low to high occupancy, and from low to high level of construction and property condition.
Negotiate & Partner Selection
We find and negotiate a deal and then proceed with due diligence. At the same time, we start the loan and equity process to select our partners. We have the in-house capability and capital to fully complete all acquisitions and financing through close.
Closing & Construction
After the close we start construction and upgrade the property. We also start the management process, tenant evaluation, and turnover process which is normal for these properties. After 12-18 months the property will be stabilized and we then can refinance the property and often, roll our equity into the next deal.
Providing Superior Value
Our goal is to own $ 1 billion of multi-family real estate properties in the south eastern United States. Sureste will be recognized for providing superior value in our affordable and workforce housing, while providing excellent returns.
Dunross Capital will own and operate great apartment communities that sets the new standard for “best in class” for the workforce housing, affordable and retiree market.
To learn more about our Multi-Family properties, contact us.
3475 Lenox Road, Atlanta, GA, 30326