Multifamily Strategy

MULTIFAMILY STRATEGY

BIP’s primary focus is to acquire multifamily properties across the Southeast speciﬁcally in the following categories:

Core Assets – Newly constructed properties in secondary markets as well as smaller (under 200 units) properties in primary Florida and Southeast markets.

High quality, well-located properties at compelling pricing with strong long-term hold fundamentals.

Buyer competition for this product is more limited in secondary markets as well as in the below 200-unit threshold due to institutional investment requirements.

Class B Assets – Assets in major Southeast metropolitan areas providing housing for middle income Americans.

This strategy considers an investment that typically maintains high occupancy and provides stable current cash yields with the opportunity for rental rate appreciation through market-rate inﬂation and select light value-add upgrades. During market corrections, this asset type also sees additional demand from residents who are moving out of Class A properties and seeking lower housing costs.

Workforce Housing – Workforce and afordable housing in Florida for low and lower-middle income residents.

Historically, workforce housing has been a top performer in economic cycle changes with increased tenant demand from those who previously resided in more traditional market rate housing.

This strategy considers an investment that typically maintains high occupancy and provides stable cash yields.

Unstabilized / Opportunistic Assets – Opportunistic properties that may have occupancy or operational issues in familiar markets where BIP has operating experience, targeting higher exit yielding returns.

This strategy considers off-market transactions and/or the marketed sale of a property with failed execution plan from the prior ownership.

Upon stabilization, a sale or recapitalization can take place within a shorter hold period.

Hispanic Demographic Focus – As one of the fastest growing segments of the population in the U.S., this demographic is an ideal target for stable long-term rentals.