Services
Acquisitions
Fulton Peak aims to identify and acquire off-market and brokered opportunities with significant value-add potential. By leveraging our expansive network, we seek to source multifamily assets that exhibit superior value-add fundamentals through discounts to market, operational mismanagement, and renovation upside. Our diligent, institutional approach serves to mitigate risk while capitalizing on macro-economic/demographic trends and existing inefficiencies to provide our investors and shareholders with superior, risk-adjusted returns.
Investment Criteria
Key Deal Metrics
- 1970’s Vintage or Newer
- 3-10 Year Hold Period
- 14%+ Leveraged IRR
- 6%+ Cash-on-Cash
- 1.75x+ Equity Multiple
Market Fundamentals
- Robust Rent Growth & Stable Occupancy Projections
- Proximity to Employment Drivers
- Supply-Constrained Markets
- Outpaced Population Growth
- Strong Demogrpahics
- Proximity to Transportation
Sourcing & Basis
- Sourced on an Off-Market Basis
- Fragmented Marketing Process
- Below Replacement Cost
- Discount to Comparable Transactions
- Above-Market Initial Cap Rate
Value-Add Upside
- Below Market Rents
- Majority or All Unrenovated Units
- Subpar Amenity Offerings
- Long-Term Generational Ownership
- Non-Institutional Operations
- Controllable Expense Savings