o The mission of Broadwell Property Group (BPG) is to identify and acquire under preforming multifamily properties in key markets around the South East United States. BPG provides the cash and experience necessary to renovate and/or repopulate these assets transforming them into highly profitable ventures in desirable locations. By following our exclusiveBPG3 Concepts, the newly repositioned assets will yield a better home for our tenants, a better property for our communities and will command a superior Return on Investment for our owners and investors.
Broadwell Property Group has spent countless hours defining and developing our rigorous criteria for valuable investments. This assures the company and its investors of long term, sustainable returns through any and all market cycles.
Property Type: Multifamily Apartment buildings that are generally one class below their immediate surrounding area.
Property Location: Atlanta Metro Survey Area or any bordering state
Property Size: 50 Units – 250 Units
Property Age: Property must have been built in 1980 or later
Total Project Cost: $8m – $35m
Financing: Smaller deals will be closed with all cash. Mid-Sized deals may use agency financing. Larger deals will utilize a bridge loan followed by refinancing to agency debt after renovation and stabilization.
Cash Flow: All deals will cash flow beginning in Year #1
Anticipated Returns: Internal Rate of Return (IRR) of 15-20% compounded over 5 years, Cash on Cash Returns goal of 10%, Annual Investor Returns of 15% with an Investor Equity Multiple of 1.9+
Primary Focus: Distressed or Value Add properties that BPG can renovate and reposition to a level that will generate high cash flow with strong asset appreciation