Our Strategy
“If you don’t find a way to make money while you sleep, you will work until you die.” -- Warren Buffett
“If you don’t find a way to make money while you sleep, you will work until you die.” -- Warren Buffett
Third State Ventures seeks to acquire multifamily assets meeting the following criteria:
Third State Ventures seeks to acquire multifamily assets meeting the following criteria:
Asset Size:
Asset Size:
25-50 units
Location:
Location:
Southeastern US
High-growth tertiary metros
Purchase Price:
Purchase Price:
$3-5M
Asset Condition:
Asset Condition:
In-place cash flow with value-add opportunity, 2-3 yr stabilization
Within this asset class, we underwrite opportunities for acquisition that meet the following projected minimum performance targets:
Within this asset class, we underwrite opportunities for acquisition that meet the following projected minimum performance targets:
Length of Investment:
Length of Investment:
5-7 years
Average Cash-on-Cash Return (CoCR):
Average Cash-on-Cash Return (CoCR):
6-8% minimum, based on market conditions
Average Annual Return:
Average Annual Return:
15% minimum
Equity Multiple on Exit:
Equity Multiple on Exit:
2.0x
