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Investment Philosophy
| Real Estate Criteria
Brookwood is positioned to quickly take advantage of real
estate acquisition opportunities that offer above average risk-adjusted
returns. We focus primarily on existing properties; however,
we occasionally consider development projects. We look
to achieve our targeted returns generally in one of two ways. First,
we acquire properties that are underperforming in terms of
occupancy or rental rates. We create value for our investors
through a number of strategies including repositioning properties
in their markets or increasing rents to market levels under
expiring leases. Second, we may invest in stabilized properties
with credit tenants that can be financed in such a way as
to provide predictable cash returns that are favorable relative
to other investments available to our clients. We match the financing and exit strategies with the specific business plan of each investment.
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We have in the past
partnered with well-established joint venture partners and continue
to seek out opportunities to invest with other firms that
have identified properties that fit our investment profile.
We have a medium-term targeted holding period, typically five to seven years, in which to realize the value on our strategy
for each property. To date, the properties that we have sold
were held for an average of 5.19 years.
An essential aspect of our investment strategy is our hands-on
involvement, through our management affiliate, in the maintenance,
renovation, leasing and marketing of each property. We prepare
a detailed budget for each property prior to each fiscal year,
and we strictly monitor our performance relative to such budget.
Although each property is held by a separate investment entity,
we manage our real estate assets as a portfolio to realize
infrastructure efficiencies.
The following is
a list of criteria we use in evaluating each potential acquisition.
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