Investment Strategies
Core: Focus: Stabilized, income-generating properties with long-term income growth potential.
Example: Greenpoint Brooklyn portfolio, achieving a 2.5x increase in NOI through renovations and operational improvements.
Core-Plus: Focus: Moderate-risk projects with growth potential through operational enhancements.
Example: Prudential Multifamily Portfolio, where occupancy rose from 85% to 95% in two years, doubling NOI.
Value-Add: Focus: Unlocking hidden value through renovations and repositioning.
Example: The Mason, a full building renovation that turned a dormitory into a vibrant residential community.
Opportunistic: Focus: High-risk, high-reward projects involving complex repositioning and adaptive reuse.
Example: Hudson Hotel, converted from a shuttered hotel to affordable residential housing.
Through adaptive reuse, we minimize environmental impact and maximize long-term value.
CSC’s philosophy in every development is to refine the physical designs and typologies of every residential unit
Our Markets
We focus on acquiring assets below replacement cost in major markets and hard to penetrate with a multifamily platform and where renters are accustomed to dense living.
Higher Density
Larger density creates a more tenants per square foot at a discount to comparable units in the area.
Diversity & Inclusion:
CSC actively supports underrepresented groups, fostering leadership and community engagement.
Sustainable Development:Through adaptive reuse, we minimize environmental impact and maximize long-term value.
Leveraging Existing Relationships with Operators
Structure
Partnership with 5-7 Year Hold Period
Target Return
15.0% gross unlevered / 20.0% gross levered IRR / 25.0% net levered IRR utilizing leverage not to exceed 75% LTC
Target Yield
6.5% un-trended yield-on-cost / 7.5% trended yield-on-cost
Venture Size
USD $1,000 million