The focus of Springhill’s investment strategy is identifying assets below the radar screen of larger investors where opportunities to achieve superior pricing on assets with above-average upside still exist. Using its extensive network of industry and broker contacts, Springhill targets assets where less focused and experienced investors have been slow to recognize value or overlooked it entirely. Most targeted assets have immediate upside from mispricing, under management or physical repositioning.
All of Springhill’s acquisitions provide long term durability of income and strong, risk-adjusted returns. To achieve these results, Springhill focuses on multifamily assets that serve the ‘essential housing’ segment of the market. This segment performs well during all market cycles.
Demand for essential housing consistently exceeds supply creating the opportunity for both short term cash flow growth as well as long term appreciation. Moderate levels of debt financing are used to enhance cash flow and leverage equity invested. All assets are professionally managed and overseen directly by Springhill.
The strategy is simple: Springhill is not pressured to do a high deal volume. Springhill and its investors are patient and will wait for opportunities that meet their investment criteria. We buy a little better, manage a little better, sell a little better. Execution of the strategy is the challenge, but one that Springhill’s experienced principals have proven they can execute consistently.
Springhill holds itself to the highest fiduciary standards and always invests its own capital in every deal in parallel with its investors to ensure full alignment of interests and risk-sharing.
ACQUISITION CRITERIA
Springhill is currently pursuing properties with the following general attributes:
Asset Class | Multifamily |
Type | Primary/Secondary West Coast MSAs, including:
|
Age | Mid-1980s and newer |
Deal Size |
|
Deal Structure |
|
Brokers | Protected. Springhill acts only as a principal. |