Arcturus provides a variety of solutions for investors, owners, lenders, and developers of multifamily and condominium properties. Our expertise covers all segments of the asset class, from high-rise Class A assets in primary markets to garden-style Class B assets in secondary markets, to ground-up condominium developments and conversions of existing assets. Our senior professionals have a deep understanding of all aspects of the business, from acquisitions, development, and financing, to leasing, marketing, and sales, to operations and property management. We have an extensive network of relationships throughout the industry, including investment sales brokers, property management professionals, construction managers and design professionals, owners, lawyers, and advisors, which we leverage to help our clients meet their objectives.
Eli Kramer, ekramer@arcturusgrp.com
Fred Mosesman, fmosesman@arcturusgrp.com
How we support our clients:
- Property/Portfolio Assessments
- Operator/Borrower/Platform Assessments
- Market Assessments
- Investment Strategy Formulation
- Investment Origination and Underwriting
- Due Diligence
- Business Plan Development
- Transaction Structuring
- Capital Markets
- Asset Management, Leasing, and Operations Oversight
- Revenue and Expense Management
- Capital Expense Planning and Management
- Recapitalization
- Restructuring and Special Situations
- Litigation Support
- Stakeholder Negotiation Support/Management
- Sale and Liquidity Creation Strategies
- Sale execution
Recent examples of our work:
Financial Turnaround of 500 Unit Apartment Property
Arcturus advised a U.S. lender on the repositioning and eventual sale of an underperforming, garden-style property located in a southwest U.S. city that had been foreclosed on. Arcturus’s asset management professionals executed a financial turnaround of the property by utilizing our operational knowledge and a hands-on approach to increase occupancy, implement expense reduction strategies, and boost NOI. The effort resulted in a successful sale process above the Client’s expectations.
New Investments in Class B Apartments
Arcturus provided buy-side advisory to a large institutional investor seeking to make investments totaling $300 million in Class B mid-rise and garden communities in primary Northeast U.S. markets. Our investment advisory team led the acquisitions process, from origination, underwriting, and market research, to transaction structuring and due diligence, providing a full-service investment solution to our client.
High-rise Condominium Evaluation
Arcturus provided restructuring advisory services to a lender with exposure to a distressed, luxury condominium development project located in a U.S. gateway city. The client held a subordinated debt position in the project and was seeking a better understanding of the real estate as well as their strategic options. Arcturus’ residential development professionals assessed the borrower’s sales and marketing plan, monitored unit sales, and developed a capital recovery strategy that resulted in a negotiated payoff which exceeded the lender’s internal projections.
Evaluation of 2,000+ Unit Multifamily Portfolio
Arcturus conducted a comprehensive portfolio and operator assessment for a large alternative investment manager in connection with an underperforming, seven-property portfolio located in the western U.S. Arcturus’s multifamily team evaluated each asset’s competitive positioning, property operations, and the capabilities of the client’s operating partner, and delivered a summary of findings including a strategic plan and recommended reporting/operational changes to facilitate the proper flow of information to client and improve decision-making processes.
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