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 Michael Franks has developed a series of partnerships designed to provide flexible sources of capital to reposition real estate properties. We are especially talented at sourcing the high-return opportunistic off-market projects that appeal to institutions seeking an experienced operating partner. Our partnerships provide investors with IRR-driven investment opportunities that allow investors to assume a greater equity risk for a higher targeted rate of return.
At Michael Franks, we apply our real estate knowledge and financial expertise to evaluate every asset, delivering only the highest quality investment-grade properties to market. Prior to sponsoring a property, our analysts source and review hundreds of possible deals, and we only pursue those opportunities that meet our strict investment criteria:
- Well-maintained Class B (or better) multifamily properties
- Located in the Midwest
- Located in a emerging growth markets where employment and population are trending positively.
- Assets possess some aspect that permits a value-add opportunity for investors: above market vacancy; above average expenses; below market rents; deferred maintenance
- Has stable and sustainable cash flow in place at time of acquisition
Our diligent review of the fundamentals within the multi-family industry convinces us that significant investment opportunities currently exist within this specialized market. Fortunately, the specific knowledge and industry contacts generated by our market experience provide us the tools and information necessary to exploit this attractive market.
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