We work to identify and analyze potential multi-family real estate opportunities utilizing strict, conservative, criteria. We focus on emerging markets with positive population and job growth and other indicators. Once a property is identified as a potential target, we spend hours pouring over the fine details to ensure that it is a good fit for our investors and their goals.
We negotiate with sellers and lenders to acquire properties meeting our criteria, that allow us to achieve the highest possible returns for our investors. Market knowledge is a critical component in every negotiation and we work tirelessly to develop that knowledge before entering into any negotiation. We know that our investors count on us to buy correctly and produce solid, reliable returns.
We perform exhausting due diligence to uncover and address any concerns prior to closing on any asset. This includes financial and physical inspections. When purchasing large assets, it is normal to uncover issues that aren't visible on the surface. Our diverse background of experience brings everyone together during this phase to mitigate unforeseen financial danger.
Reaching the closing table is celebrated by many in the industry as the "end goal". At Astra Equity, we believe it is just the beginning. Beyond securing the best financing for the project, we work to ensure a smooth closing process for everyone involved. We know that it is an exciting time but it really is just the beginning of our journey for that particular property.
With our professional, third party, property management partners, we implement our business plan for each property. This often includes capital improvements, re-branding of the property, and expense reductions to achieve the highest net operating income. This dramatically increases the overall value of the property and is referred to as Forced Appreciation. We also take pride in providing our residents with a better community in which they get to call home.
Every property we acquire is done so for the purposes of creating solid, reliable cash flow for our investors. A well positioned, stabilized property can withstand all economic cycles and create long lasting value for investors with significant tax advantages. We strive to manage our properties well and make strategically timed exits through successful disposition of the asset. The average hold time for a property is 3 to 7 years. A lot can happen during that time and we have the experience and systems in place to manage successfully.
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