FMC’s investment strategy is focused on the identification of off-market or minimally-marketed class A, B and C multifamily assets. We invest in select secondary and tertiary markets that we believe possess the ‘perfect storm’ of strong job growth, positive in-migration, and a diversity of economic drivers. We also seek out markets that have a low cost of living and a low rent to wage ratio, under 25%. Our purchase price must also be below replacement cost, and all target acquisitions possess some level of operational and/or physical deficiency, the ‘value-add’ component.

Within the local submarket, we seek out assets that are located near large employment and retail centers, primary thoroughfares, public transportation access points, and/or quality school systems. By matching these criteria with our detailed multi-phase underwriting process, we are able to effectively manage portfolio downside risk from the start.

In summary, FMC focuses on multifamily investment opportunities where there is some level of fiscal or physical disconnect between the owner and/or manager and the asset. We specialize in identifying that disconnect and developing an appropriate repositioning strategy, which typically involves capital upgrades, utilizing more sophisticated property management, and implementing our institutional-grade asset management platform.