Aldwin's Strategy
Aldwin acquires properties in key metropolitan areas that are likely to achieve higher than average employment. We target assets which have maintained high occupancy rates. We look for opportunities to increase value by improving returns through capital and operational efficiencies.
Major Metropolitan Area Key Factors
• Employment growth probability
• Large-scale public transportation related infrastructure investments
• Favorable demographic trends
Recession Resistant Employment Markets
• Large institutional employment drivers (government; research; medical; university)
• Long-term employment consistency
• Limited current supply of competitive housing
Acquisition Criteria
• 90% or higher current occupancy
• Historically consistent cash flow
• Cap rate target of 6% or above
• 7-10% projected dividend
• Target 15%+ IRR
• No less than 140 rental units
• Acquisition valuations far below replacement cost thereby providing protection from new development competition
Property Management
• Aldwin joint ventures with property management that meet our extensive evaluation and qualification
process
• Selection is based on delivering the highest level of service to investors and tenants
• Each property will implement programs designed to increase current and future valuations while improving the experience of living in an Aldwin apartment community
Return & Valuation Improvement Plan
• Current rental rate increases due to capital investment and unit renovation program
• Introduction of additional amenities to our tenants (increased storage; enhanced parking; new services for laundry and trash removal; assistance with low cost relocations; additional local vendor partner programs)
• Increased standards and background checks for tenant selection; 24 hour guaranteed in-unit evaluation of tenant requests; on-going surveys of tenant base evaluating services provided by on-site personnel
