OUR MISSION & VALUES
Mission
To pursue real estate investment, development and management opportunities responsibly and with integrity for the benefit of our investors, partners, tenants, employees, company and the community.
Values
To provide superior housing at competitive rates;
Treat investors and customers with respect, and
Be a trusted and dependable investment partner.
INVESTMENT STRATEGY
Buy Right: Buying right is essential in our business. We buy on ACTUAL numbers, not on a pro-forma basis or a bet on appreciation. We buy properties that are currently cash flowing and the possibility for forced appreciation through repositioning. In order to pursue a property,it must fit into our buying metrics allowing us to create a healthy return on investment for our investors and the partnership.
Finance Right: Both GP’s are fortunate enough to have stable high-income salaries, money-generating rental properties, and low debt to income ratios. This allows us to acquire more creative financing options to further increase the return we can provide to our investors.
Manage Right: Our business model always has superior third party property management in place. Superior management is the KEY to how well the property performs. The GP’s have very high expectations of themselves, and therefore, have very high expectations about how our properties are being managed.
Buying Metrics for Future Properties
Size of Asset
We are focused on buying properties between 25 and 125 units in order to maximize economies of scale. This particular asset size will be too small for institutional money, and too large for most individual investors.
Geography
The entire southeast. Currently, we are more focused on Virginia and North Carolina due to where we live. However, we are looking to expand to other states where we see the potential for growth and where we can establish the strong relationships with proven and trustworthy property managers. We look for cities that have a growing population and job market to insure sustainable returns for our investors.
Properties
We are looking for B and C multifamily properties with “value add” potential. Typically we target underperforming assets that have been either mismanaged or poorly maintained and currently have under-market rents.
Finances
When Two Three Two Investment Company LLC invests in a property, we want to be able to reposition it in less than a year and get a cash on cash (COC) return of greater than 14.8 percent annually for the company. This allows us to pay our investors a preferred rate of return.
Exit Strategies
Two Three Two Investment Company LLC has a 1-7 year hold strategy depending on market conditions and the current state of the asset. At the time of sale or refinance, the investors should expect a full return of all capital in this investment; meanwhile the projection for yearly return will be between 5%-8% depending on the amount invested.
