Investors & Partners
Multifamily Real Estate Investment Group
Partner with CAPREIT
Multifamily Investing with CAPREIT
CAPREIT is a distinguished leader in the multifamily industry. Over the last 30 years, the Company completed the acquisition and disposition of more than $6.2 BB of multifamily transactions. CAPREIT’s diverse group of equity partners includes major financial institutions and private investment funds, as well as family offices and high net worth individuals. The Company consistently generates above-market returns through multiple market cycles. In placing the needs of its partners at the forefront of its decision-making process, CAPREIT fosters long-term and profitable relationships.
CAPREIT’s vertically-integrated approach provides due diligence, acquisition, renovation and construction, development, property management, and asset management services. In addition, its full-service accounting and legal professionals prudently manage partners’ investments to maximize profits and returns.
CAPREIT’s experienced investments team leverages its extensive network of relationships with owners, lenders, investors, brokers, and other industry professionals to identify attractive acquisition and development opportunities. The team develops strategic business plans in conjunction with its operations team to deliver superior results. With its long-term track record and commitment to excellence, CAPREIT serves as a partner of choice for sophisticated investors in the multifamily industry.
Our Successful Track Record
In Aggregate Transaction Value
Units Acquired or Developed
CAPREIT Success Stories
Richmond, VA Affordable Housing Portfolio
In April 2016, CAPREIT acquired a five-property portfolio comprising nearly 1,000 units within the Richmond, Virginia MSA for an aggregate purchase price of $68,500,000 ($70,041/unit). All five communities were subject to the federal Low Income Housing Tax Credit (“LIHTC”) program’s rental restrictions and encumbered with senior mortgage debt provided through Virginia Housing Development Authority (now Virginia Housing). Equity was funded by Fundamental Advisors and CAPREIT. The investment strategy was twofold: first, CAPREIT identified Richmond, VA as a market with an undersupply of affordable and workforce housing; and second, CAPREIT installed superior property management to a previously underperforming portfolio. In October 2021, CAPREIT sold the portfolio, distributing a significant profit to its equity partners.
The Addison Apartments – Shakopee (Minneapolis MSA), MN
CAPREIT acquired Shenandoah Apartments, a 202-unit market-rate community located in Shakopee, Minnesota (a growing suburb southwest of Minneapolis) for $18,975,000 ($93,935/unit) in May 2011.
CAPREIT capitalized the property with a loan from NY Life Insurance Company and equity from The Praedium Group and CAPREIT partners. Upon acquisition, CAPREIT rebranded the community as “The Addison” and implemented an extensive renovation program greatly enriching The Addison’s overall appeal. These improvements included: enhancing the exterior building envelope and overall curb appeal, updating the clubhouse and amenities, and improving the living areas with a moderate in-unit renovation strategy.
The initial acquisition included an adjacent parcel in which CAPREIT built an additional eighty-eight apartment homes. In March 2016, the now 290-unit property was sold for $47,500,000, netting a significant profit to the investor group.
Metro on 5th – St. Charles (St. Louis), MO
In April 2015, CAPREIT acquired Metro on 5th (formerly Time Centre), a 572-unit apartment community located in St. Charles County, a western suburb of St. Louis. CAPREIT acquired the 1986 vintage property for $41,000,000 ($71,678/unit), capitalized with a loan from Fannie Mae originated through Newmark Group, with equity provided by Fundamental Advisors and CAPREIT. Recognizing the rapidly improving surrounding area and the shortage of quality apartments in the St. Louis MSA, CAPREIT rebranded the community to “Metro on 5th” and implemented an ambitious renovation plan with a $15 million exterior and interior renovation program. The Company executed a renovation strategy designed to provide residents with modern amenities and upscale living spaces. In 2019, CAPREIT recapitalized the initial equity from Fundamental Advisors with new equity from Principal Financial Group. The transaction secured significant profits for Fundamental Advisors and CAPREIT while maintaining an ongoing ownership stake in the community.
Minneapolis Grand – Minneapolis, MN
CAPREIT acquired Minneapolis Grand, a ninety-unit mid-rise building located in downtown Minneapolis, for $11,150,000 ($123,889/unit) in December 2013. CAPREIT capitalized the acquisition of the property with a loan from Fifth Third Bank and equity from Silverpeak, private high net worth individuals, and CAPREIT partners. The acquisition of Minneapolis Grand included approximately 22,000 square feet of mostly vacant ground level retail space. To strategically reposition the asset, CAPREIT converted the 22,000 square feet of retail space into twenty-two residential apartments, undertook significant exterior façade upgrades, and completed other enhancements including interior hallway upgrades. The renovation team improved common areas for the residents with the installation of a fitness center, entertainment and game rooms, and business and conference rooms. CAPREIT built a leasing center to modernize and streamline the resident experience. In March 2018, the property sold for $18,000,000, with the equity group securing more than double its original investment.
Committed Partners
Real Estate Finance and Investments
When you choose to partner with CAPREIT, you can expect an approachable partner with extensive knowledge in residential development transactions. Our business development team works with integrity and candor in every transaction. With decades of experience with many investment partners, CAPREIT’s team has closed over $6 billion in transactions.
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