© Copyright 2023. PIA Residential
Strategy
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.
Renovation of unit interiors that translate into higher rents and improved returns to investors
Capital improvements of exteriors and common areas to increase property value
Implementation of efficient property management to improve operating performance
Improved branding and marketing to increase appeal to renter profile
Multifamily transaction volume continues to increase with strong institutional demand and stable debt offering.
New deliveries of multifamily units are unable to keep up with the rapid demographic growth and new household formation.
Multifamily occupancy has outperformed other real estate assets classes over multiple cycles.
Continued population growth with strong migration to the Southeast.
The shortfall of available residential units combined with the high cost to own, increases demand for Class B rental properties.
Yearly rent adjustments provide good protection during inflationary times.
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.
Financial Analysis:
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.
Leverage-Established Network:
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