GR Capital searches out opportunities that afford value-add potential in markets with solid job growth. This value-add component can be met through an exterior renovation with upgraded amenities, interior unit renovations, or simple management and operational improvements. As Principals and Managing Partners, we have the ability to look at opportunities and see value where others do not. If the location is good and there is a way to create value, we’re interested.
GR Capital’s partnerships have created many different debt and equity structures. Realizing that every deal is unique, we strive to create a capital stack that will maximize returns to the partnership while rewarding Management for producing above average returns. As such, over the past 15 years we have purchased properties with structures ranging from all cash to some with 85% leverage. Our return waterfall always returns initial equity first, then a solid IRR, then, and only then, Management is rewarded. Generally, our preferred sources of debt include Fannie Mae and Freddie Mac, but we are also active with various Banks and Life Insurance companies.
At GR Capital, we realize the key to every property’s success is management. The principals at GR Capital have owned and operated thousands of apartment units and have a keen understanding as to what it takes to achieve a solid, stable, return. With over 30 years of combined experience, we have the ability to know what can be achieved at acquisition, but we also have the ability to analyze and recognize when current performance cannot be replicated.
Please contact us with any acquisition opportunities you think might meet our criteria.