Disposition Strategy
We intend to hold each of our properties for long-term investment. However, our
strategy for determining any particular property’s holding period and exit
strategy is based upon the future expectations for that property at any time.
We intend to review, on an annual basis, the expectations of a particular
property during the annual property business plan process. The future
expectations for each property will be based upon a thorough review of many
factors including:
-
projected economic and job growth prospects in the market area,
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projected apartment supply/demand trends,
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the market competitiveness of our property, and
-
the future projected return of the property (referred to as a rebuy analysis)
compared to alternative investment opportunities.
If we decide that a particular property should be disposed of, we believe we
will have a competitive advantage in disposing of that property due to market
knowledge and broker contacts. We do not intend to dispose of the Interests
that have been tendered to us in the offers.
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