PIA targets Class B properties in the Southeast US, that can be acquired below replacement cost or have been under-managed and can provide stable returns as well as capital appreciation through a disciplined value-add program with a projected average hold period of five years.
Once a project has gone through a preliminary review and the senior team agrees the prospective acquisition merits further analysis, it will proceed with a detailed underwriting consisting of several stages before it is presented to Investment Committee.
PIA Residential's acquisition team, in cooperation with the asset management team will undertake a detailed financial analysis process with various review phases, including multiple sensitivity analysis.
PIA Residential cross references its own data-driven information with research from trusted local business partners (brokers, lenders, etc.) and consults with tax and insurance experts.
Project and Market Visit:
PIA Residential conducts on-site due diligence to assess the physical condition of the property, evaluate location and surrounding area, including inspection of comparable properties in the submarket and greater market.
Become a PIA Investor
PIA’s objectives are to preserve capital, produce consistent cash yields, and generate attractive risk-adjusted returns for its investors. We achieve this by carefully building a diversified portfolio of multifamily investments through PIA Residential Fund I, LP