Instead of pursuing growth simply for the sake of growth, we strategically identify opportunities that we’re confident will drive the best possible outcomes. This directly benefits our partners, residents, and the greater community. As a result, we’ve maintained long-term relationships with investors who trust us to preserve capital and grow wealth.
A fresh approach to multifamily investment
Criteria
Based on our decades of experience and expertise in the market, we’re expanding our socially responsible multifamily investment platform to encompass two distinct strategies in order to bolster our portfolio and ensure continued long-term success:
VALUE-ADD MULTIFAMILY INVESTMENTS
Class C+ and B- apartment communities
Suburban markets
Typically 1960s-1970s vintage construction
Transform communities through a proven
value-add renovation program
CORE-PLUS MULTIFAMILY INVESTMENTS
Class B+ and A- apartment communities
Secondary markets
2000+ vintage construction
Improve communities through active management and light renovations
Success Stories
Confidential Portfolio
Property Type
Multifamily
Purchased
2015
IRR
40.2%
SOLD
2021
Post Road Management, in partnership with an NYC family office, acquired a 5,500-unit distressed portfolio of multifamily properties located across five states from a special servicer.
Through strategically executing a business plan including significant capital expenditures, lease-up for down units, and programmatic value-add repositioning, we increased NOI from $14 million at the time of acquisition to over $26 million at the time of sale and achieved nearly $120 million in profits over a 5.5-year hold.
PURCHASE PRICE
$231M
SALE PRICE
$390M
Kutztown View
Property Type
Multifamily
Purchased
2018
IRR*
95.5%
Post Road Management acquired Briar Cliff as a 101-unit distressed student housing property at 40% occupancy and in significant need of capital improvements.
Over a three-year hold, we completed extensive renovations including new HVAC systems, paving, roofing, and entire unit upgrades. We successfully converted the property to market-rate housing, achieving full occupancy and increasing NOI from $206,000 to $1.04 million.
*Unrealized, based on today’s value.
PURCHASE PRICE
$5.5M
CURRENT VALUE
$17.5M
The Pinnacle @ 65
Property Type
Mixed Use
Purchased
DEC 2014
IRR
72.4%
SOLD
NOV 2018
Post Road Management strategically repositioned this 10-story commercial office building, acquired at just 22% occupancy, into a mixed-use property featuring 48 Class A multifamily units and upgraded commercial spaces – ultimately achieving 93% occupancy in just under four years.
PURCHASE PRICE
$2.55M
SALE PRICE
$15.33M
Before & After
41-45 N. 9th STREET, ALLENTOWN, PA
912-914 CENTRE STREET, EASTON, PA
