Milestone targets multifamily investment opportunities in many of the nation's
major metropolitan areas that have the highest population growth, attractive
multifamily renter demographic characteristics, and deep and diversified
employment bases. We have a well-developed network through which we identify
and evaluate potential acquisitions. Our sources for prospective acquisitions
range from our contacts with banks, insurance companies, special servicers and
other potential multifamily property sellers to our local and regional
personnel who continually monitor the apartment property market in their area.
Milestone proactively pursues acquisitions using our proven deal sourcing
network and industry relationships, thereby creating a competitive advantage
and potentially avoiding bidding situations.
In our targeted markets and submarkets, Milestone seeks assets where we can
create value and enhance investor returns. Milestone will target assets that
include:
. properties held by motivated sellers facing balance sheet and liquidity
challenges;
. underperforming loans and real estate owned by lenders and servicers;
. properties that could benefit from capital upgrade programs;
. failed condominiums projects that can be repositioned as rental properties;
and
. properties with undermanaged operations or failed business plan executions
where the opportunity exists to improve performance.