Investment Strategy
Good Real Estate. Broken Ownership or Capital Structure. Disciplined Execution.
What We Acquire
Primary Asset Class
- 5-50 unit multifamily
Selective Commercial
- Mixed-use
- Neighborhood commercial
- Small-bay industrial / flex
- Neighborhood retail
- Portfolio opportunities
Sizing
- Typical opportunity range
- Approximately $500K – $10M
- Initial Co-GP concentration
- Approximately $3M – $5M
Preferred Opportunity Characteristics
- Viable underlying demand
- Defensible current or stabilized cash flow
- Identifiable basis advantage
- Manageable capital requirements
- Realistic operating assumptions
- Adequate transaction liquidity
- Multiple exit paths
- Solvable ownership, capital or operating complexity
NationVest does not rely on appreciation to make an investment work. Cash flow and basis must support the underwriting.
Underwrite the Downside First
Every leveraged acquisition undergoes standardized stress testing across debt service, vacancy, operating expenses, reserves, capital needs and downside cash flow before it advances.
- Debt service stress testing
- Vacancy and collection loss assumptions
- Operating expense and management load
- Maintenance and capital reserves
- Capital requirements and deferred maintenance
- Positive stressed net cash flow requirement
Stress testing is a resilience exercise, not a forecast. It is designed to determine whether property economics survive materially harsher conditions than the expected base case. Specific underwriting assumptions and methodology are maintained internally, and no underwriting framework is a guarantee against loss.
We Approve Markets Before We Chase Deals.
A desirable market does not rescue weak property economics. A desirable property does not override a weak market. Both must work.
Disclosure: Website content is informational only. Real estate investment involves risk, including loss of capital. No investment return is guaranteed, and past experience is not a guarantee of future performance. Nothing on this website is an offer to sell or a solicitation of an offer to purchase securities. Capital relationships and Co-GP transactions are evaluated individually. Market information can change.