In addition to its Asset Management services, Providence Realty Investors acquires cash-flowing and value-add investments in primary and secondary markets. PRI focuses on delivering excellent risk-adjusted returns to equity partners through the creation of value-add strategies, which seek to maximize annual returns as well as long-term capital appreciation. The company invests in the Southeast with a focus on growth neighborhoods within top 50 MSAs.
The company targets well-located, transit-oriented, under-performing, operationally inefficient, and off-market assets between $5.0 - $20.0 million. PRI seeks value-add or recently renovated assets with strong cashflow and proven growth in supply-constrained submarkets.
Targeting this segment of the market allows the Company to:
Acquire a greater number of assets over a larger variety of markets to build a well-diversified portfolio that can deliver strong risk-adjusted returns throughout market cycles
Minimize institutional competition
Provide better investment liquidity relative to larger transactions