Strategy:
Teakwood is focused on achieving superior returns by investing in well-located, under-appreciated properties in Western U.S. markets where we can make a meaningful difference in the performance of a property through improved management and capital improvements.
Immediately following acquisition, our team commences a comprehensive renovation and repositioning program, typically including improvements to building systems, unit renovations, new exterior paint and signage, cosmetic upgrades to common areas and enhanced marketing strategies.
Product Type:
- Multifamily
- Self-Storage
- Industrial
Condition:
Well-located, attractively priced properties where we can create meaningful value through focused management, capital improvements, and intensive asset management.
Common Profiles:
Mom/pop ownership, below market rents, out of state ownership, absent property management, tired common areas, deferred maintenance, poorly marketed properties, loan assumptions.
Price:
$3 million to $15 million
Geography:
California, Arizona, Nevada, Oregon, Texas
Leverage:
No greater than 75% of purchase price
Target Leveraged IRR:
13% to 20%
Hold Periods:
Two to five years
