Middle Market Focus
Berkshire focuses on high quality middle-market multifamily properties in primary markets and sub-markets throughout the United States. We focus on opportunities that lend themselves to compete successfully against high priced apartments and actively engage in repositioning our assets to maximize their ultimate competitive position. We believe this strategy has the greatest likelihood of generating consistent high returns and provides for maximum stability in the face of economic recession relative to other strategies.
Value-Add and Opportunistic Investments
Berkshire has generated attractive returns while minimizing potential downside risk by targeting middle market assets or portfolios of assets that are: (1) mismanaged; (2) in need of rehabilitation or redevelopment; or (3) available at a deep discount from lenders or distressed sellers. Our experience has shown that once the value creation process is complete, these investment opportunities tend to produce long-term stabilized yields that are higher than market yields.
Rehabilitation and Repositioning of Properties
Prior to acquisition, Berkshire rapidly develops an asset repositioning plan to significantly improve the property, upgrade the resident profile when necessary, and maximize the potential profitability of the asset. Our integrated, multi-disciplined team of property management, development, redevelopment, asset management and finance professionals is involved in all aspects of the repositioning plan. Buyers of Berkshire repositioned assets include some of the world's most prominent public and private institutions that seek to acquire stabilized assets with superior competitive market positioning.