Value Add Multifamily Real Estate Investment Trust - Upside Avenue REIT
Upside Avenue Multi-housing Income REIT
Value-Add Multifamily Real Estate Investment
Like buying a home, there are different conditions a multifamily property may be in at the point of purchase – fixed up or a fixer upper.
Stabilized
=
Already fixed up
Value-Add
=
Fixer upper
Stabilized Properties
Properties built more recently may include the types of amenities today’s renters find appealing, like space to work from home or co-working spaces, dog parks, high-volume mail rooms and outdoor escapes. With greater tenant appeal often comes a higher occupancy rate, placing multifamily properties that are already “fixed up” upon purchase in the stabilized category.
Value-Add Properties
In contrast, properties that fall into the fixer upper category – often older properties – require renovations to modernize them to current tenant demands. The investment in renovations is expected to increase tenant occupancy and rental rates, which pushes the value of the property up. Therefore, these properties are considered value-add. Upside Avenue Multi-housing Income REIT is a fund that provides investors with the opportunity to invest in both stabilized and value-add real estate.
Upside Avenue Multi-housing Income REIT is a fund that provides investors with the opportunity to invest in both stabilized and value-add real estate.
