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About US
About Aspire Ventures
Aspire Ventures is a privately-owned real estate company focused on acquiring well-located “renters by choice” assets at a discount to replacement cost as well as building new assets. Our targeted acquisition strategy affords us the ability to reposition the asset and add significant value by adjusting rents to market, improving units to higher specifications, and streamlining operating costs to improve efficiency. To effectively stabilize and reposition our investments, we leverage our deep market expertise, relationships with brokers and local experts, and re-development track record to achieve maximum value and returns.
Our Strategy
Aspire Ventures is focused on acquiring investment property in locations that meet the following criteria:
• MSA Population > 1mm
• Population Growth > US Average
• Employment/Income Growth > US Average
• Positive Net Domestic Migration
• Employment diversification across multiple industries
• Concentrations in health care, universities, technology & state government
• Environmental stability and predictability
• Landlord and business friendly states
• Strong tenant demand
• Supply constraints
• Exit liquidity
Vision & Mission
Aspire Ventures targets underperforming properties that may generate improved cash flow from the implementation of a clearly defined and well-executed operating strategy. In addition, the firm seeks out temporarily illiquid situations and related pricing advantages that arise from distressed, complex, and dislocated circumstances. The firm rejects transactions whereby the sole contributor to yield enhancement is the utilization of leverage. This “value” philosophy fosters the creation of secondary and tertiary exit strategies for investments and moderates the impact of uncontrollable, adverse capital market fluctuations.
Pricing Advantages:
• Off-market transactions
• Mispriced or out-of-favor credit
• Rapid funding requirements
• Temporary market dislocations
Underperforming Assets:
• Vacancy issues
• Below market rents
• Bloated operating expenses
• Capital deficiencies
• Reputational issues
• Poor management
Compelling Event Driven Strategies:
• New development
• Renovation, redevelopment
• Conversion, adaptive reuse
• Consolidation synergies
• Environmental remediation
• Workout scenarios including bankruptcy and foreclosure
Aspire Ventures is a privately-owned real estate company focused on acquiring well-located “renters by choice” assets at a discount to replacement cost as well as building new assets. Our targeted acquisition strategy affords us the ability to reposition the asset and add significant value by adjusting rents to market, improving units to higher specifications, and streamlining operating costs to improve efficiency. To effectively stabilize and reposition our investments, we leverage our deep market expertise, relationships with brokers and local experts, and re-development track record to achieve maximum value and returns.
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