About 13th floor investments
13th Floor Investments: Investing in Value-Add and Opportunistic Real Estate
13th Floor Investments is a real estate investment firm that specializes in value-add and opportunistic investments. The company was founded in 2008 by Arnaud Karsenti, who has over 15 years of experience in the real estate industry. Since its inception, 13th Floor Investments has acquired and developed over $1 billion worth of real estate assets.
The company's investment strategy is focused on identifying undervalued properties with significant potential for improvement. This includes properties that are distressed, underutilized, or have other value-add opportunities. By leveraging their expertise in development, construction management, and asset management, 13th Floor Investments is able to unlock the full potential of these properties and generate attractive returns for their investors.
One of the key advantages of investing with 13th Floor Investments is their deep understanding of local markets. The company has a strong presence in several major metropolitan areas across the United States including Miami, Atlanta, Denver, and Seattle. This allows them to identify opportunities that others may overlook and execute on them quickly and efficiently.
In addition to their focus on value-add investments, 13th Floor Investments also pursues opportunistic investments where they see significant upside potential. These may include ground-up developments or repositioning existing assets into new uses such as multifamily or mixed-use projects.
Overall, 13th Floor Investments offers investors a unique opportunity to participate in the growth potential of value-add and opportunistic real estate investments across multiple markets throughout the United States.
Investment Philosophy
At its core, 13th Floor Investment's investment philosophy centers around identifying undervalued assets with significant upside potential through active management strategies such as redevelopment or repositioning into higher-value uses like multifamily housing or mixed-use developments.
The firm's approach involves extensive due diligence before making any acquisition decisions; this includes analyzing market trends as well as conducting thorough property inspections to identify any issues that could impact future performance.
Once an asset has been acquired by the firm's team members who have extensive experience managing complex projects from start-to-finish take charge; this includes overseeing all aspects related to design & construction management while also ensuring proper tenant relations are maintained throughout each phase until completion so that maximum returns can be realized upon exit from each project undertaken by them which typically takes between three-to-five years depending upon market conditions at time-of-sale which they closely monitor using proprietary data analytics tools developed internally within their organization specifically designed for this purpose only!
Investment Criteria
To ensure success when investing capital into various types of commercial real estate projects across different geographies within North America (primarily), there are certain criteria which must be met before proceeding:
1) Location - Properties must be located within high-growth areas where demand for space exceeds supply.
2) Asset Type - Assets should be either underutilized/distressed/undervalued/underperforming.
3) Market Trends - Market trends should indicate positive growth prospects.
4) Exit Strategy - A clear exit strategy must exist prior to making an acquisition decision.
5) Risk Management - Risks associated with each project must be identified & mitigated accordingly through careful planning & execution strategies implemented during all phases involved from start-to-finish!
Portfolio Overview
As mentioned earlier above already briefly touched upon it but here we will go more into detail about what kind-of-properties does "Thirteenth floor" invests-in?
The portfolio consists primarily of multifamily residential buildings along with some office spaces too! They prefer investing capital into Class B/C apartment buildings located near urban centers where demand remains high due mainly because people want access not just work but also entertainment options nearby without having long commutes every day back-and-forths between home/workplace etc., thus reducing stress levels significantly while increasing overall quality-of-life standards too!
They also invest heavily into mixed-use developments comprising retail/commercial spaces along-with residential units above/below these commercial spaces! These types-of-developments offer great synergies between different tenants occupying same building thereby creating vibrant communities around themselves leading towards increased foot traffic resulting ultimately higher sales volumes generated by retailers operating inside those premises benefiting everyone involved including landlords/investors alike!
Conclusion
In conclusion "Thirteenth floor" offers investors a unique opportunity to participate actively alongside experienced professionals who possess deep knowledge about various aspects related commercial-real-estate-investments especially when it comes down towards identifying undervalued-assets-with-significant-upside-potential-through-active-management-strategies-such-as-redevelopment-or-repositioning-into-higher-value-uses-like-multifamily-housing-or-mixed-use-developments-across-multiple-markets-throughout-the-united-states!
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