Acquisitions
We invest in Core and Core+ Class “A” multifamily communities in performing and stable markets throughout the suburban Sunbelt that present an opportunity to outperform market returns, either through location, product or value proposition. These multifamily assets will generally be located in areas where we expect significant job growth and where we believe new multifamily development of comparable properties is able to be absorbed at attractive rental rates. These investments will be accomplished through a combination of both non-marketed and marketed acquisitions. Prosper’s Principals bring local knowledge, deep relationships and a strong track record of performing on its commitments, having previously acquired over 60 assets and 16,000 units across the Sunbelt via our predecessor company, representing an excess of $3 billion in total capitalization.