Olympus Property invests alongside our capital partners in cash flowing multi-family residential properties where we can add value through property enhancements or increased management efficiencies. Our goal is to conservatively acquire properties that provide our investors with above market cash returns, significant upside potential and limited downside. The multi-family sector provides the optimal platform to achieve these goals through all economic conditions.
Why Multi-Family – The multi-family sector has long been considered among the most stable real estate asset classes. Well located apartments that offer residents a blend of luxury and value are always in high demand regardless of macro-economic conditions. Apartment ownership provides consistent, above market cash-flow that grows with inflation. Slow and steady income growth, combined with historically stable occupancy rates, provides excellent long term value growth. Strong population growth, particularly near major employment centers, combined with a decreasing rate of home ownership should bode well for the future of the apartment sector.
In House Management – At Olympus we manage each property that we own in order to consistently drive revenues and keep operating expenses in check. Through hawkish management oversight we are able to make real time adjustments to leasing and pricing strategies to keep a step ahead of the competition. Our skilled maintenance staff performs many trades in-house, providing significant cost savings over the competition who bids out much of this work to third parties. We strongly believe that it is important to maintain in-house property management to extract maximum cash flow and value for our investors, while remaining in touch with the demands of our residents.
Conservative Consistent Underwriting – Olympus strives to identify properties that can generate sufficient cash flow to pay a consistent preferred return to our investors. This can be achieved through value investing in properties at a price where current incomes are sufficient to cover the preferred return, or by increasing net income through revenue growth and/ or expense management. We do not acquire properties that rely on severe macro-economic upswings to provide the requisite revenue growth, but rather where our own efforts can reasonably be expected to affect income growth. With conservative economic growth assumptions and an understanding of the cyclical nature of the business we are careful not to expose ourselves to the danger of over leveraging.
