Business Strategy
Our primary business objective is to deliver strong, consistent returns to our
stockholders, while enhancing the long-term growth in value of our real estate
portfolio. We believe we are well positioned to meet this objective, given the
strength of the economic regions in which the initial properties are located,
the quality of the initial properties and the opportunities for new investments
within our selected targeted markets. By following specific operating and
renovation-related strategies, we will seek to achieve stability and growth
through maximization of cash flow from our initial properties and investment in
multi-family properties to be acquired in the future. New acquisitions are
intended to be made within a well-defined strategy of acquiring middle income
properties exhibiting upside potential, in carefully selected metropolitan
markets that we are familiar with. Through Berkshire Advisor, we will employ an
asset management group to assume overall responsibility for each asset in our
real estate portfolio. The goal of the asset management group will be to
develop an annual business plan for each property, including revenue
enhancement strategies, line item expense control, capital improvement plans,
financing strategies, future disposition/exit strategies, and to insure that
the business plan is executed. Through Berkshire Advisor and BRI OP, we will
employ the following operating strategies:
Property Management and Leasing
Renovations and Improvements |
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