3rd Ave. Capital seeks to reposition properties through the tightening of operational inefficiencies, moderate to extensive renovations and complete rebranding. Established as a premiere multifamily boutique, 3rd Ave. Capital is a highly skilled real estate investment manager with the flexibility to scale and cater to the specific preferences of our investors.
3rd Ave. conservatively underwrites all assets, performs thorough due diligence and maintains appropriate reserves for all acquisitions, aligning our methodology with the interests of our investors. Our process is reinforced with a sound foundation of investment principles, a comprehensive approach to every facet of the investment lifecycle, and the expertise of 3rd Ave.'s investment professionals.
Every aspect of the investment process, from market research to asset acquisition, business plan execution to eventual harvest, reflects the core values and investor alignment that stand as the backbone of our operation.
3rd Ave. Capital seeks to achieve the stated objectives. There can be no guarantee the objectives will be met.
Identification of prime markets is paramount to success. We thoroughly analyze national markets, including secondary and tertiary markets. This vetting process includes key economic indicators and trends, as well as inventory metrics.
Target Market Identification
We have a culminated a team of seasoned local real estate professionals in each of our target markets to provide a steady stream of off-market opportunities, while providing unparalleled market insights. In addition, our marketing campaigns target owners directly, increasing visibility and maximizing market presence.
Analysis and Due Diligence
Conservative underwriting, a strict focus on downside protection, value-add opportunities, and realistic market growth are all critical aspects of our analysis. We fully realize that the success of our reposition hinges on accurate analyzation and due diligence.
Timeliness and efficiency are vital in this execution, while communication and transparency with investors allows for smooth, streamlined acquisition of the asset. All investor opportunities are structured with an alignment of interests between general partners and limited partners, while emphasis is placed on return yield.
Business Plan Execution
Implementation of the business plan occurs, focusing on strategic and tactical risk management and diversification. The value-add component of the opportunity is executed, along with the rebranding of the asset.
Disposition and Refinance
The primary objective is to maximize proceeds through a strategic and timely exit. Often times, the opportunity exists for refinance, at which time investor capital is returned while ongoing, tax deferred cash flow is maintained until property is sold.