Objective: To offer clients a moderately opportunistic real estate portfolio with superior income growth and appreciation potential.
Investment Approach: A typical value added portfolio will pursue a strategy slightly more opportunistic than that of a core/core plus portfolio, with a focus on superior income growth and appreciation potential. Investments can include forward commitments to purchase properties upon completion of construction, high-yield debt investments and undervalued or impaired properties in need of repositioning or leasing. Modest leverage is generally applied in value added portfolios to facilitate the execution of a variety of value creation strategies.
Target return: 13% to 18%*
Investment Vehicles: Portfolio structures include open-end and closed-end commingled and single client account investment vehicles. PREI also offers funds with a specialized focus, such as investments in senior housing.
*The above example is for illustrative purposes only. There can be no guarantee that such returns will be achieved.
