about centeridge
thesis
Target purpose-built housing for Young Professionals, a subset that is attracted to larger bedrooms per unit and offer strong tenant credit.
execution
Meticulous focus on asset management and business plan completion. Intimate knowledge in property management, construction, development, and capital markets allow us to apply experience.
innovation
Drive to always getting better. Never settle for the status-quo but instead focus on ways to be better across every facet of a real estate transaction and being creative to win across varying environments.
Target Criteria
Young Professional Housing
Targeting residents who are recent college-graduates, looking to live with roommates in dynamic retail-focused location within gateway cities. Catering to these renters by offering product with higher bedroom counts per units, higher-quality interior finishes, amenities, and unmatched locations. Properties tend to be located near public transportation or the best restaurants and bars in a respective neighborhood or city.
Gateway and Sunbelt Markets
Centeridge maintains its focus on being selective in market criteria, investing in established cities that has proven to have tailwinds in either both growth and resilience. Cap rates in these markets tend to be tighter, and hold up better during periods of volatility. Target markets experience a combination of high historical property values and rents, and strong population and employment fundamentals.
Existing and Target MSAs:
Nashville, TN
Dallas, TX
Miami, FL
Chicago, IL
Northern NJ
Other
Have an interesting deal or want to invest… Reach out to aaron@centeridge.com