Courtesy BayTM takes a fundamental, value-driven approach to investing, and underwrites each transaction to mitigate risk and develop a clear picture of an investment’s potential. We seek to identify commercial real estate opportunities that offer attractive value relative to similarly situated properties within their respective markets. While the vast majority of opportunities we examine do not meet our underwriting standards, we focus on actively pursuing those few acquisition opportunities that we find compelling.
Our focus is primarily on multifamily assets with the potential for value-add through capital improvements, market positioning and proactive lease, revenue and expense management. We will also consider acquisitions of office, retail and other types of commercial real estate assets having strong value-add components.
After a property is under contract and before it is acquired, we perform comprehensive diligence on the property’s finances, tenancy, physical structure, as well as its environmental and legal status.
An important aspect of our investment criteria is the United States market in which a property is located. We seek out those markets which are poised for strong growth during the projected investment period, and will look at factors such as job growth, demographic trends and supply and demand conditions when identifying the local markets in which we will concentrate our efforts.