The East Coast eREIT focuses on a balanced approach of acquiring both debt and equity investments in commercial real estate assets located specifically in the East Coast region. It intends to target investments with fixed rates of return that maximize current income, and equity investments with significant potential value creation.
In particular, the East Coast eREIT intends to capitalize on opportunistic pricing inefficiencies in the East Coast multifamily market through (i) acquiring value-add and lease-up properties; (ii) acquiring assets that require repositioning or redevelopment; (iii) investing in ground up new development projects; and (iv) providing senior debt, mezzanine debt and recapitalization equity capital for existing transactions.
The East Coast multifamily rental market is benefitting from demographic changes, improved job growth, and strong economic dynamics. it aims to invest in commercial real estate assets located in Massachusetts, New York, New Jersey, North Carolina, South Carolina, Georgia, and Florida, as well as the Washington, DC, and Philadelphia, PA metro areas.