At Springer Capital, our goal is to provide investors with superior rates of return by finding unrealized potential in multifamily real estate. Over the last decade, Springer’s principals have developed a well-defined, risk-averse strategy focused on cash flow and value creation. This strategy involves identifying and investing in existing small-to-medium sized assets with value-add and redevelopment real estate opportunities. Our primary drivers are selecting markets with a diverse economy and positive demographic trends.
We target properties from financially distressed owners, non-strategic holders of real estate, and other motivated sellers. Investments are primarily made in assets that are poorly managed, under-valued, under-capitalized, and/or suffering from deferred maintenance which therefore sell at a discount to their intrinsic value. Working with our management teams, we reposition assets by replacing and improving existing on-site employees while implementing targeted capital improvement plans, expense savings programs, and aggressive leasing strategies. Each investment we make has a compelling story and a well-defined exit strategy.
Our disciplined investment approach includes:
Identification of small-to-medium sized projects – those too small for institutional investors but too large for individual investors
Comprehensive selection process for first class, experienced property managers and construction specialists
Application of stringent investment criteria and a comprehensive due diligence process
Use of conservative assumptions in the analysis of potential acquisitions
Intensive focus on risk management to preserve capital
Investment Philosophy of our on-site property management team
We believe successful real estate investing requires a deep knowledge of local markets, a rigorous valuation methodology based on asset fundamentals and market trends, and strong relationships with experienced management partners.
We adhere to a rigorous deal selection process and apply a disciplined acquisition approach and sound judgment to each investment.
We believe the return on an investment is maximized through intensive asset management and thorough supervision of our on-site management team.
We believe that close alignment of our interests with our limited partners is essential for ensuring long-term success.
We conduct business with fairness, integrity and complete transparency.
Over the course of a year, we are presented with hundreds of real estate investment opportunities. We focus only on those that fit our demanding investment criteria:
Well-located, with re-positioning and value-add potential
Strong local employment drivers offering long-term stability through diversification
Easy access to local transportation
Real Estate Types
Apartments – B / C
$10 - $35 million per transaction
$2 - $15 million of equity
3 - 10 years
Direct investments within the eastern half of the United States
Primarily secondary and tertiary markets