Investment Strategy
New Urban Capital Partners purchases under-performing assets at prices below replacement cost, renovates and upgrades the facilities, establishes lower expense factors, stabilizes and increases tenant occupancy and rental rates, provides in-house property management and leasing services, and then divests of these assets at the appropriate time at high, investment grade rates. The combination of understanding the local real estate markets in Tampa and Orlando, the real estate development business across the state of Florida, and the capital markets across the US allows us to be entrepreneurial, creative, and community-minded while managing the bottom line. In general, the principles of our investment strategy are to:
Leverage New Urbanism for Investor Profit: Best practices in community development and sustainability are not just for the non-profit world. New Urban Capital Partners utilizes these principles to invest in one of a city's strongest assets - its real estate - and grow equity for its members. Our core beliefs guide our underwriting, acquisition, management, and disposition process:
- Acquire properties in good locations with sound fundamentals
- Purchase assets at discounted prices
- Develop a strong business plan and exit strategies before purchasing a property
- Consider the community impact of asset and property management decisions
- Practice resourceful problem-solving to achieve worthwhile goals
- Diversify holdings to mitigate risk
- Use structured planning to reduce expenses, produce higher rents, and maximize values
Leverage New Urbanism for Investor Profit: Best practices in community development and sustainability are not just for the non-profit world. New Urban Capital Partners utilizes these principles to invest in one of a city's strongest assets - its real estate - and grow equity for its members. Our core beliefs guide our underwriting, acquisition, management, and disposition process:
- The basic building block of a community is the neighborhood. The neighborhood has a discernible center. This is often a square or a green and sometimes a busy or memorable street corner. A transit stop would be located at this center. Neighborhoods have a fine-grained mix of land uses, providing opportunities for young and old to find places to live, work, shop, and be entertained.
- Most of the dwellings are within a five-minute walk of the center, an average of roughly ¼ mile or 1,320 feet (0.4 km).
- Human scale sets the standard for proportion in buildings. Buildings must be disciplined in how they relate to their lots if public space is to be successfully demarcated. Because the street is the preeminent form of public space, buildings are generally expected to honor and embellish the street.
- There are a variety of dwelling types — usually houses, rowhouses, and apartments — so that younger and older people, singles, and families, the poor, and the wealthy may find places to live.
- At the edge of the neighborhood, there are shops and offices of sufficiently varied types to supply the weekly needs of a household.
- There are small public parks and areas accessible to every dwelling — not more than a tenth of a mile away.
- A range of transportation options is fundamental. For most of the second half of the 20th Century, transportation agencies focused almost exclusively on optimizing the convenience of automobile travel, and dealt with transit riders, pedestrians, and bicyclists as little more than afterthoughts. Streets within the neighborhood form a connected network, which disperses traffic by providing a variety of pedestrian and vehicular routes to any destination. Streets provide for slower traffic than automobiles, such as pedestrians and bicycles.
- Citizen-based participatory planning and design is vital as it reestablishes the relationship between the art of building and the making of community, in order to reclaim our buildings, blocks, streets, parks, neighborhoods, districts, towns, cities, regions, and environment.
- The restoration of existing urban centers and towns within coherent metropolitan regions, the reconfiguration of sprawling suburbs into communities of real neighborhoods and diverse districts, the conservation of natural environments, and the preservation of our built legacy is vital to sustainable and intelligent real estate investment.
- Sustainability should not be expensive and beyond the reach of average property owners. Creative solutions should provide for affordability while serving the community at large.
- Older structures, community property, and corridors should be renovated, repurposed, reconfigured, and reused whenever possible.
- Best practices should be catalogued and repeated within the investment community.
715 North Franklin Street • Suite C• 2nd Floor
Tampa, Florida 33602
Phone: 917-512-1695
equity@newurbancapitalpartners.com
Copyright © 2010 New Urban Capital Partners, LLC
Tampa, Florida 33602
Phone: 917-512-1695
equity@newurbancapitalpartners.com
Copyright © 2010 New Urban Capital Partners, LLC