| HUNTER'S RIDGE APARTMENTS - ELGIN, ILLINOIS | Top-notch team of specialists improved occupancy, resulting in a sales price that delivered an IRR in excess of 40% |
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Value Add Apartments
Value Add Apartments is a strategy that Marquette has been perfecting for years. While most investment firms stop at the initial acquisition, Marquette begins the hard work of executing a strategy that creates value. It's not just one thing, it’s the twenty little things that add up to bigger returns.
Marquette adds value through tenacious implementation of a unique array of services, uncovering the opportunities for driving increased NOI's as well improved and professional operations.
Rick Harb - Managing Director, Operations
Enhancing returns through value-driven improvements.
Value Added is a strategy to purchase an apartment at higher cap rates and enhance returns through increasing income. Like most groups seeking Value Added opportunities, Marquette looks for properties where spending additional capital to make physical improvements can make a significant difference in the rent levels that can be obtained.
Marquette typically seek properties build in the1980s or newer, and have opportunities to cosmetically refresh or reposition the living experience (interior or exterior) to obtain additional income and enhance returns.
Marquette Adds Value by implementing the following systems:
- An in-house construction team with close relationships to expand skills for larger projects
- A system that delivers finished units with minimal downtime
- An in-house "SWAT" Team that looks to uncover opportunities for value enhancement
- Improved Management through Marquette's Legendary Customer Service Program
- High Focused Asset Management Team to insure execution of initial business plan
