White Paper Strategies has a unique approach to Real Estate Investment by packaging multiple buildings in to a single portfolio.
White Paper Strategies currently owns and operates over $50 Million of residential and commercial property.
By focusing on packaging multiple small density buildings (5 to 15 units each) in to larger portfolios, WPS achieves volume efficiencies and also bypasses larger institutional players not interested in this packaged approach.
We have a proven track record of identifying such opportunities and structuring debt through local banks for this unique business plan execution. WPS’s competitive advantage lies in understanding the local multifamily residential real estate industry and applying creative financing to achieve scale.
One of the most important pillars of our model is limiting participation from third party vendors. WPS does not use any outside vendors that would require us to pay a retail price. By vertically integrating all steps of the process - the purchase, renovation, stabilization, and leasing operations of a building - margins can be gained and passed on to the investor.
Acquisition Criteria
Type
Residential Multi-Family
Return Profile
Core-Plus & Value-Add
Characteristics
Assets in stable to growing markets, below-market rents, renovation potential, density bonus potential
Market
Growing sub-markets, workforce housing, high rental demand
Size
$2-10 million
Geography
Northeast, Mid Atlantic, and Sunbelt
Acquisition Strategy
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We focus strictly in areas that have strong rental demand for market rate tenants with close proximity to employers that cater to this base.
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WPS finds multifamily properties
where the current rent is $200-400 lower then local competition, which can be increased with a light value add
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WPS only purchases deals with in-place cash flow greater than 7% and high appreciation potential
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WPS leverages deep, local relationships with brokers, sellers, and builders to acquire under market value
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WPS executes interior and exterior renovations plans to increase the quality of the apartment in order to achieve a higher asking rental rate.
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When the profitability of the building has increased due to significant positive movement in NOI, WPS sells the building to turn key investor