B/K seeks to add value by developing and repositioning existing properties through capital and managerial improvements. It pursues multifamily properties in upscale locations, which command strong rents assured by natural constraints to other development in the submarket. These constraints may include a lack of land, zoning hostility, or other growth dynamics in competitive areas.
Each investment made requires a fundamentals-based narrative which demonstrates why it is a highly desirable investment, which can be monetized by the application of well-executed real estate skills. This narrative must include strong factors mitigating downside risk across a broad range of market conditions.
Having found such an opportunity, B/K applies the full spectrum of the talents and facilities in the company’s platform to bring extraordinary value to its partners and investors.