Multi-Family
Through its US arm, Turnberry Americas, Turnberry has built up an impressive portfolio of over 2,500 residential apartment units spread across both the East coast and West coast of America. Turnberry has forged numerous alliances with local operators and syndicated multiple investments to HNWs and other family offices.
Investing in multifamily is an immensely favourable strategy thanks to the regular cash flow alongside the slow but steady appreciation. Other advantages of owning a multifamily property include:
- Large pool of tenants reduces vacancy risk
- Excellent tax benefits enabling tax free cash flow and exchanges
- Multi trillion dollar industry providing plenty of liquidity
- Scalability
- Cheap finance and high leverage
TURNBERRY INVESTMENT CRITERIA:
- Purchase price of $10m to $150m
- Well located Class A and B apartment buildings
- Preference for blue collar tenants paying affordable rents ($1,000 – $2,000 pcm)
- 5-7 year average hold term
- Min IRR target of 12%
- Annual CoC of 5%+
