A Multifamily Investment Firm.
We buy and manage apartment communities in Louisville, KY.
We buy and manage apartment communities in Louisville, KY.
Guidepost Properties is a multifamily investment firm founded in 2020 that focuses on buying and managing high-quality apartment communities in Louisville Kentucky.
We specialize in buying and improving apartment communities in up and coming and established neighborhoods and implementing a dynamic value-add strategy that includes light-to-moderate interior and exterior renovations, operational improvements, and total community rebranding.
Adhering to these three principles mitigates investment risk and helps to ensure that (as long as there is a adequate supply of renters) our investments thrive in any real estate market and in any economic conditions.
Property Size: 2 to 25 units
Purchase Price: $100K - $3.0M
Property Class: B & C, may consider class A opportunistically
Property Location: In around the Louisville MSA
Property Condition: Outdated units or amenities, poor operations, tenant problems, mismanagement, deferred maintenance, opportunity to add value
A stabilized apartment community with an economic occupancy above 85% and an opportunity to be improved by adding value, which means making improvements to the operations and the physical property through exterior and interior renovations in order to increase income and/or decrease expenses.
Value-Add properties are typically stabilized at acquisition. This means that there is an in-place revenue stream that can be used to provide returns to investors, reduce renovation expenditures, and service the debt from day one. This significantly reduces deal risk and allows ownership to be flexible in its business plan as market conditions and other factors shift.
Natural appreciation fluctuates up and down based on what’s going on in the overall market and economy. Relying on natural appreciation is like gambling. Conversely, forced appreciation is the bedrock of the value-add strategy. Forced appreciation involves making improvements to the asset that decrease expenses, increase income, or change community perceptions, which in turn, increases the overall property value.
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