Investment Philosophy
PROPERTY SELECTION & VALUE CREATION
Our proprietary approach targets highly productive markets with solid underlying fundamentals and projected future growth.
We then leverage our industry relationships to identify assets where we can implement our value add strategies.
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Through our in house processes with our general contractor, we take a hands-on approach to an efficient renovation process, while deploying our management / operations team to drive operational efficiencies with the goal of enhancing the tenant experience and marking rents to market.
Why Apartments?
Muonekwu Capital invests in multifamily assets with an attractive discount to replacement cost that allows us to generate healthy returns through the implementation of improved operations and construction programming. Investing in built multifamily assets provides some of the most attractive risk/reward profiles when leveraged appropriately.
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We underwrite our investments to generate a projected stabilized return on cost that produces a spread of 150 bps or greater above underwritten exit cap rates while typically producing attractive interim yields.
Our Target Markets
Muonekwu Capital targets markets that routinely outperform national averages amongst population, job, wage, and median home value growth coinciding with considerable renter demand and healthy liquidity.
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Muonekwu Capital has experienced robust growth in its past markets of Florida and Texas, thanks to strong economic indicators. Currently, our focus shifts to San Francisco for the upcoming business cycle. We are optimistic about the city's continued resurgence. The current market conditions are particularly favorable for multi-family investing, driven by trends that are attracting the young workforce back to the vibrant city of San Francisco