LRE Management is a New York based private equity real estate company that acquires multifamily properties throughout the country. LRE invests its own capital side-by-side with its network of Individual, High Net Worth and Family Office partners. Investing in multifamily projects and portfolios in a variety of structures, as a GP on bid-direct deals, as an LP/Co-GP on joint ventures or via preferred equity. Our core investment principle is to deliver tax efficient cash-flow and long-term capital appreciation, while providing downside protection for our investors. LRE has acquired over 5,500 units across the country.
LRE Management acquires multifamily properties throughout the country. Our most recent investment is Water Ridge, a 476 unit multifamily property in Irving, Texas. Water Ridge is a preferred equity investment with a projected IRR of 15%. Many of our multifamily investments are in the Southwest.
We pursue three investment strategies. Core: acquire newer vintage properties below replacement cost. Value Added: increase occupancy of a property with high vacancy or below market rents with significant renovation or upgrades. Opportunistic: higher risk profile to achieve outsized returns with shorter investment horizon.
Our primary investment philosophy is capital preservation. We typically use long term fixed rate debt to mitigate interest rate risk and cap our LTV at 75%. We target 7-10% cash and cash returns and focus on stabilized established properties in strong locations with a history of high occupancy.
LRE underwrites and analyzes hundreds of deals a year to ultimately select only a few properties to acquire.
LRE leverages on its ability to close quickly in order negotiate preferential terms for investors.
LRE partners with leading local operators and property managers, allowing us to invest in key growth markets across the US and offer a geographically diversified portfolio.
In addition to geographic diversification, LRE’s network provides for investment opportunities with various operators that have competitive advantages in select markets.
LRE works closely with its property managers to track performance, optimize the business plan and drive asset performance via operational efficiencies and defensive capital improvements.
With over 50 years of investment experience, LRE principals are involved in day-to-day operations of all LRE initiatives.