The Centurion Approach to Apartment Investment

We buy residential apartment buildings that are under managed and upgrade them. The kind of buildings we buy are generally:

Off the "radar map" of large institutional investors because of their size or locations
Less than 200 apartment units
Require alot of capital work
Are owned by unsophisticated "mom and pop" owners

What we do with the properties:

Wrap enterprise class management, service and technology systems around them
Upgrade the apartment suites to increase rents and retain better tenants
Upgrade the tenant profiles
Invest in energy efficiency and utility conservation upgrades
Fix deferred maintenance items
Convert to condominiums (when possible and appropriate)
Treat our tenants as valued customers. Many landlords treat tenants poorly, but given that a tenant may pay $800/month, this means that they will pay almost $50,000 in just five years. That´s alot of money!