Investment Thesis
We pursue durable income streams with sensible, downside-aware growth. Our edge is disciplined underwriting, conservative leverage, and hands-on asset management.
- Cash flow first: prioritize in-place income, realistic pro formas, and stress-tested DSCR.
- Operational upside: renovation scopes that match the submarket; revenue mgmt & expense control.
- Financing discipline: fixed or rate-managed debt; avoid maturity cliffs; respect debt service.
- Asymmetric risk: markets with job diversity, migration tailwinds, and reasonable taxes/insurance.
- Aligned partnerships: transparent reporting; clean governance; protect the downside.
Brokers & Owners
Have a deal? We respond quickly on assets that meet our box. Please include a rent roll and T-12 where available.
- Deal types: Off-market, marketed, assumptions, creative (seller finance considered).
- Close certainty: clean terms; realistic timelines; professional, solution-oriented approach.
Acquisition Criteria
| Asset Types | Multifamily Mixed-Use (res heavy) Small Office / Flex Neighborhood Retail (needs-based) |
|---|---|
| Unit Count / Size | 5–200 units MF; 10k–150k SF for commercial/flex; portfolios considered. |
| Deal Size | $1–20M+ typical; larger via co-GP/JV. |
| Profile | Core-Plus to Value-Add; 70–95% occ. at close; heavy value-add case-by-case. |
| Vintage | 1980s+ preferred; earlier with sound bones or prior rehabs. |
| Financing | Fixed/hedged debt preferred; assumptions welcome; DSCR-healthy post-capex. |
| Geographies | Southeast, Texas, Mountain West, selective Midwest in landlord-friendly metros/suburbs. |
Target Markets
We favor metros with population & job growth, reasonable regulatory frameworks, and attainable workforce housing fundamentals.
Southeast
- AL: Birmingham, Huntsville, Tuscaloosa
- GA: Augusta, Macon, Columbus
- TN: Chattanooga, Knoxville, Memphis
- FL Panhandle: Pensacola, Tallahassee
Texas
- DFW satellites, San Antonio, Bryan-College Station
- Secondary & tertiary with strong employers
Mountain West
- UT: SLC/Weber/Davis, Provo-Orem, St. George
- ID & AZ satellites case-by-case
Midwest Select
- OH: Dayton, Toledo, Akron
- IN: Fort Wayne, South Bend
- IL: Peoria, Rockford
- MI: Grand Rapids, Saginaw
Representative Case Studies
Illustrative examples. Detailed references, T-12s, and rent rolls available under NDA.
SE Secondary Market
- Renovations: light turns + RUBS
- +19% NOI in 14 months
- Refi at stabilized DSCR & de-risked leverage
TX Tertiary
- Revenue mgmt + exterior refresh
- Vacancy to 6% within first year
- Insurance/R&M normalization
MW College-adjacent
- Needs-based tenancy; mark-to-market
- Expense pass-through optimization
- Stabilized cap expansion potential
Contact / Submit a Deal
For fastest review, include a rent roll and T-12 (if available). We reply quickly on opportunities that fit our criteria.
Northpoint Investors