Acquisitions

Invel has an established track record of unlocking value in real estate through market expertise, attentive relationship management, proactive asset management, and a demonstrated ability to implement a wide variety of property-specific opportunistic strategies across each of its portfolio assets.

Significant asset-level accomplishments have included i) removing rent-controlled properties from rent control entirely, ii) having additional units permitted under zoning, iii) leasing up entire properties prior to closing, and iv) renovating, reconfiguring and/or re-tenanting multifamily and commercial units to optimize income and achieve highest and best use.

As shown on the following map, Invel’s multifamily portfolio has been strategically assembled to achieve diversification and exposure to a variety of demand and economic drivers throughout the Northeast region.

Invel is a national firm with the majority of its investments in the New York City metropolitan area, northern and central New Jersey, Westchester, Connecticut, and Philadelphia.

• Deal Size: $25 million+
• Geography: NYC Metro; New Jersey; Connecticut; Greater Philadelphia; Greater Boston
• Location: Transit-oriented urban infill or suburban locations offering access to major and diverse demand drivers
• Asset Classes: Multifamily; select mixed-use (up to 20% commercial); non-performing loans
• Basis: Invel specializes in identifying opportunistic situations in which a depressed acquisition basis can be achieved, such as distressed ownership, an informational advantage, imminent loan maturities, or stalled renovation/construction projects. Invel targets an all-in acquisition basis reflective of a 20-30% discount to projected, as-stabilized valuation.
• Value-add Potential: Invel seeks acquisitions in which revenues and net operating income can be increased significantly in the first two years through lease-up or re-tenanting, renegotiation of leases, renovations, or repurposing/reconfiguration of space.
  • Invel actively seeks investment opportunities with unusual complicating factors and has the unique ability to view these circumstances as potential sources of unrealized value creation.
• Underwriting and returns: uniquely and conservatively, seeking compelling long-term returns through attractive bases, low-cost debt financing, rigorous asset management, and optimization of revenues and expenses. Invel does not rely on aggressive leverage or financial assumptions to generate attractive returns.