We do everything with our core values of honesty, hard work, and trust.
We believe these characteristics should influence everything we do in business and in life. We sincerely enjoy the work we do, and our clients get to reap the benefits.
Multifamily Value Strategy
Rincon Partners' Multifamily Value Strategy is based on identifying multifamily properties that have the potential to deliver double-digit returns. Rincon may achieve such returns by renovating and repositioning the property, improving tenant mix, controlling costs and/or arbitraging the acquisition price to actual market value. Rincon focuses on the following investment acquisition criteria in its Multifamily Value Strategy:
Strong demographics which support the "target tenant" and expected unit rents
Strong location within the market, a good neighborhood, near retail, entertainment, restaurants and other amenities
No significant renovation within the last 10 years
Purchase price that is below replacement cost
In place rents which are below surrounding market rents (even if in-place rents are at market for the condition of the property)
Opportunity for organic NOI improvement by reducing vacancy and turnover, reducing operating costs and shifting costs to tenants such as electricity and other utilities
Opportunity for enhancements to property amenities to improve tenant experience and increase rental rates