BUILD ENDURING CASH FLOWS
We strive to build and grow enduring tax-efficient cash flows. Increasing cash flows create the potential for capital appreciation and help to preserve wealth. Experience has shown us that carefully selected secondary and tertiary markets offer more attractive yields than primary markets, as well as comparatively strong growth prospects and superior downside protection.
Accordingly, we seek to identify smaller markets and assets that are overlooked by institutional capital, yet where economic conditions are favorable, and risk can be mitigated by buying assets at a discount to replacement cost and/or current value.
By combining research-driven, top-down analysis on market fundamentals with bottom-up sub-market knowledge from our property management & operations platform, we strive to identify assets that are most likely to outperform on a relative basis.
We reserve special enthusiasm for distressed assets in dislocated and mispriced secondary/tertiary markets that are showing clear patterns of recovery.
Accordingly, we seek to identify smaller markets and assets that are overlooked by institutional capital, yet where economic conditions are favorable, and risk can be mitigated by buying assets at a discount to replacement cost and/or current value.
By combining research-driven, top-down analysis on market fundamentals with bottom-up sub-market knowledge from our property management & operations platform, we strive to identify assets that are most likely to outperform on a relative basis.
We reserve special enthusiasm for distressed assets in dislocated and mispriced secondary/tertiary markets that are showing clear patterns of recovery.
ALIGN INTERESTS
We align interests by co-investing meaningfully in every asset. In addition, we leverage our vertically integrated investment, asset management and property management platform to help build value for our investment partners. By aligning our platform, capital and economic interests alongside those of our partners, we believe we can provide superior opportunities to achieve attractive financial returns.
We do not offer third party property management services to others. In addition to optimizing our focus and resources, this means that we are fully accountable for the success of our investment decisions.
We do not offer third party property management services to others. In addition to optimizing our focus and resources, this means that we are fully accountable for the success of our investment decisions.
ADD VALUE
We add value by identifying assets that are under performing due to inexperienced ownership, poorly capitalized ownership, management fatigue and/or deferred maintenance, all of which can lead to distress. These conditions often create opportunities to purchase assets at prices below their intrinsic value.
We maintain a firm commitment to pricing discipline when purchasing these assets, and we carefully build strong, enduring cash flows over time by investing conservatively in accretive interior and exterior upgrades. In addition, we emphasize persistent and intensive management of each asset, which starts with strong support for enthusiastic and engaged on-site management staff.
By employing these strategies, we have been successful in generating above-market revenue growth, attractive cash yields, and meaningful capital appreciation .
We maintain a firm commitment to pricing discipline when purchasing these assets, and we carefully build strong, enduring cash flows over time by investing conservatively in accretive interior and exterior upgrades. In addition, we emphasize persistent and intensive management of each asset, which starts with strong support for enthusiastic and engaged on-site management staff.
By employing these strategies, we have been successful in generating above-market revenue growth, attractive cash yields, and meaningful capital appreciation .
GIVE BACK
We invest in the communities we serve. We increase housing security by improving the quality of local housing opportunities through extensive capital improvements, and we make local investments in support of the following three key themes:
At the property level, we support these three key themes by organizing and leading local initiatives such as annual back-to-school supply drives, Toys for Tots benefits, and community holiday gift donations for families in need.
At the corporate level, we give annually to local community organizations that focus on these three themes. These organizations include GeneroCity 513 in Cincinnati, Junior Achievement, the Foundation for Youth, and our local YMCAs & YWCAs. In addition, Piping Rock sponsors PRP Impact Partners, a 501c3 non-profit focused on housing and education.
- Education
- Community
- Health & Well-being.
At the property level, we support these three key themes by organizing and leading local initiatives such as annual back-to-school supply drives, Toys for Tots benefits, and community holiday gift donations for families in need.
At the corporate level, we give annually to local community organizations that focus on these three themes. These organizations include GeneroCity 513 in Cincinnati, Junior Achievement, the Foundation for Youth, and our local YMCAs & YWCAs. In addition, Piping Rock sponsors PRP Impact Partners, a 501c3 non-profit focused on housing and education.
