On behalf of investors and institutional partners, we buy and operate single or multi-family real estate with the goals of Cash flow, appreciation, and preservation of investor principal.
We approach every project with a strategic process designed to maximize the value of the property. It is a process that begins before we even set sight on an acquisition and continues throughout our investment in the asset. Most importantly, every step along the way is overseen and evaluated by a diverse leadership team.
We tend to focus on attractive and strategic cities that are well positioned to hold and increase in value over time. We have proven that a quality product well-positioned within a thoughtfully executed mixed-use environment leads to greater stability and overall increased investment value. We work with many brokers, lenders, local professionals, and other contacts to source on-market and off-market properties.
The combination of our uniquely talented people and fine-tuned management process give us the ability to execute projects of all sizes and complexity. Once we purchase a property we reassess everything about how the property operates, including staffing, strategy, IT systems, marketing, and other operational expenses. We carefully manage all renovations to ensure the right level of renovations are implemented, with carefully controlled costs, to maximize the return on our investment. We ensure our clients receive the highest level of hospitality and service.
HOW IT WORKS
PROPERTY INVESTMENT PROCESS
Proper plannig is as critical as proper execution. LxCore begins every project with a 7 steps strategic process designed to maximize the value of the property.
We identify potentially viable properties and measure them against our strict acquisition
criteria. Once assured of this, we assess opportunities the property presents that would make it appealing to renters. This is followed by a “drive by” which lets us see first hand the quality and potential of each property.
We begin our evaluation of determining the best use and highest potential of each property. We do this through reviewing detailed market research and shopping rental comps in the area of the subject property.
Our goal with the due diligence process is to have a thorough understanding of all material risks that could significantly impact the returns during our ownership. We have a 200+ point checklist, which is scrutinized by a dedicated team to assure we have all our checks and balances in place.
Once the decision is made to acquire a property, there are critical steps to close on it. We prepare and deliver a business plan, finalize debt terms, form an entity and finalize our underwriting. We meet with our investor partners to help them understand the project. We have a series of meetings to develop our value added scope for the property, which includes meetings with our vendor partners to obtain bids to assemble our renovation budget and re-shopping the rental submarket to verify and update assumptions.
Renovations is where LxCore’s plan for the property begins to take shape and it represents the most visible aspect of the value added process. Since the early stage of the process, our dedicated team has been focused on spending money strategically, ensuring we don’t over improve, while remaining aware of market trends so that we are positioning ourselves for the future.
As a vertically integrated company, we have an experienced group of dedicated team members responsible for day-to-day management and monthly performance. From the moment a potential renter arrives on property, our on-site team’s presence is felt. Some of Operations’ responsibilities include leasing, occupancy, rents, reporting, advertising, staffing, training, payroll and resident satisfaction.
Our Asset & Property Management teams take a continuous improvement approach, where we focus on continuously optimizing the performance of the property and our portfolio. We initiate asset improvements through comprehensive strategies that enhance the resident experience through renovations, rebranding and resident services. From negotiating property taxes to monitoring key performance indicators and making strategic decisions, our goal is to maximize cash flow to investors while balancing the needs of each property for the long term.