Investing in Value-Added Real Estate
What We Do
01. Generate superior returns for our investors over the long-term.
02. The fund targets value added, real estate investments valued below intrinsic value with a built-in margin of safety.
03. Seek capital appreciation and capital preservation for our investors by identifying investment opportunities that achieve profit from real estate assets which are mispriced and/or undervalued.
04. Seeking undervalued cash flow positive real estate investment properties, where value add will increase rents and generate a higher valuation.
05. FULL visibility to our investors.
Our Strategy
The investment manager intends to use his previous single and multifamily experience to achieve above-average investor returns by:
01. Investing in attractively-priced “off the radar” A and B class multifamily properties in secondary markets (e.g., Pittsburgh);
02. Repositioning owned properties to increase competitive appeal to target different demographics;
03. Implementing innovative programs to improve operating efficiency (property management)
04. IMPROVE undervalued market rent amounts through cosmetic renovations.
Things to Know:
Our Goal is to Generate Superior Returns
The fund targets a 15-20% IRR and offers an 8% preferred return. Our competitors IRR ranges between 10-12% with a 6% preferred return.
We’re a Hometown Fund
We are a niche Pittsburgh based commercial multi-family and office fund. We are proudly helping to build out Pittsburgh and the surrounding areas with the level of detail and attention that only comes from the genuine care of this great city. In Pittsburgh, investors are still able to find 7-10 cap rates compared to the national average of around 4 -5 cap rates.
Targeted Project Exit
Our investment projects exit in 6-7 years, which is rapid in comparison to our competitors average of 10 years until exit.
No Acquisition or Disposition Fees
Our competitors typically take a 1% fee for an acquisition and another 1% on disposition of an asset. We do not take any fees for acquisitions and dispositions.
Contact us:
INFO@MERAKIPARTNERSFUND.COM
P: 412.631.8067 | F: 412.631.8061
M.M. SMITH & PARTNERS, LLC
301 GRANT STREET, SUITE 4300
PITTSBURGH, PA 15219
It’s the right time to invest.
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There’s no commitment, pressure, or obligation.