Marquette is uniquely focused at identifying areas to improve an asset physically and operationally in order to increase the value of a property. While most investment firms stop at the initial acquisition, Marquette’s dedicated property team works diligently to execute the value-add business plan that is created by the acquisitions team.
"Marquette's success is largely due to our strong track record in executing value-add business plans, turnaround opportunities, and developments that maximize returns for our institutional partners."
Our value-add strategies include:
Below Replacement Cost
- Purchase strong Class A and B assets for below replacement cost
- Rising construction costs means some assets can be purchased today for better return than building
- The right basis insures there is still plenty of room to exit at a good basis
- Assets where the current net effective in place means rents are lagging behind the rest of the comp set
- Allows implementation of a value-add strategy where the renovation or repositioning is simply moving rents up to meet the rest of the market
- Identify the issue and "fix it" with a value-add strategy
- Issue is typically mismanagement, cosmetic overhaul, major renovation, repositioning, or simply adding or enhancing amenities
- Budgeted in the underwriting to create an effective value-add strategy that actually works