Why we do it
PIA Residential delivers unmatched execution: Our owner-operator mentality helps us provide property management services in a cost-effective manner using efficient controls and in-house accounting.
ASSET CLASS
The multifamily sector has a significant advantage over other real estate sectors. Having shelter is a basic human need that will never go away.
SUPPLY/DEMAND
Demand for multifamily units far outpaces the supply coming on line.
MILLENNIALS
They are buying homes almost ten years later in life than the previous generation, pushing them to rent apartments for longer.
RISK/REWARD
We buy Class B & C properties because they offer the best risk/reward ratio. Regardless of the stage of the economic cycle, the demand for workforce housing is more resilient and will remain robust.
CONSTRUCTION
Construction of workforce housing has been limited due to rising materials prices and a labor shortage. The heightened costs have caused new multifamily construction to be centered around Class A product that requires higher rents to justify new construction.
BABY BOOMERS
The largest age cohort in the United States are the Baby Boomers- they are increasingly renters by choice, choosing to downsize and lower overhead expenses.
VALUE
Class B & C product continues to be an attractive value alternative for renters who seek the best value for their money.
WAGES
As of Q1 2019, home prices were rising faster than wages in most markets.
How we do it
What we invest in
Properties with embedded upside from existing rents that are 10-30% below market
Stabilized product with a value-add component that yields compelling returns without the development risk
Assets whose occupancies and rental rates show a clear and rising trend
Properties that can be bought at a substantial discount to replacement cost
Properties where we can obtain attractive fixed-rate financing
Located in high-growth secondary markets in the Southeast and Texas, where population and job growth prevail
Where we can renovate and improve unit interiors and add attractive tenant amenities to drive property performance and increase value
INVEST WITH US
PIA’s objectives are to preserve capital, produce consistent cash yields, and generate attractive risk-adjusted returns for our investors. We achieve this by carefully building a diversified portfolio of multifamily investments that fit our Value-Add Strategy.
INVEST WITH US
PIA’s objectives are to preserve capital, produce consistent cash yields, and generate attractive risk-adjusted returns for our investors. We achieve this by carefully building a diversified portfolio of multifamily investments that fit our Value-Add Strategy.
Where we do it
PIA Residential seeks properties in strong locations across the high-growth markets of the Southeast and Texas. The above-average job and population growth trends in these locations allow our properties to be better insulated against market headwinds. Solid economic fundamentals, a diversified concentration of industries, and strong demand for multifamily in these burgeoning markets will allow for continued outperformance.
- Florida
- North Carolina
- Alabama
- Georgia
- South Carolina
- Mississippi
- Tennessee
- Texas
- Kentucky