Piping Rock Partners invests in multi-family housing. We seek to identify smaller markets that are overlooked by institutional capital, yet where economic conditions are favorable, and risk can be mitigated by buying assets at a discount to replacement cost and/or current value.
By combining research-driven, top-down analysis on market fundamentals with bottom-up sub-market knowledge from our property management & operations platform, we strive to identify investments that are likely to outperform on a relative basis.
We believe that carefully selected secondary and tertiary markets can offer better relative value than primary markets, as well as growth prospects that compare favorably to larger, more competitive markets.
We reserve special enthusiasm for distressed assets in dislocated and mispriced secondary/tertiary markets that are showing clear patterns of recovery.
We co-invest meaningfully in every transaction, and we leverage an integrated investment and operating platform with an experienced property operations team to help build value for our investment partners. By aligning our platform, capital and economic interests alongside those of our investment partners, we provide superior opportunities to achieve attractive financial returns.
Our property management team is exclusively focused on maximizing ROI for each investment. We do not offer third party property management services to others. In addition to optimizing our focus and resources, this means that we are fully accountable for the success of our investment decisions.
We employ a value-oriented investment philosophy and an active management style to identify acquisitions. We maintain a commitment to pricing discipline when purchasing and capitalizing these assets, and we build strong, durable cash flows over time by gradually investing in accretive exterior and interior upgrades.
We seek investments that are under performing due to inexperienced ownership, poorly capitalized ownership, management fatigue and/or deferred maintenance, all of which can lead to distress. These conditions often create opportunities to purchase assets at prices below their intrinsic value.
Above all, we emphasize persistent and intensive management of each asset, which starts with strong support for enthusiastic and engaged on-site management staff.
THIS WEBSITE DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY SECURITIES DESCRIBED HEREIN. Any such offer shall only be made pursuant to an Offering Memorandum, Operating Agreement and Subscription Agreement. The use of the material on this website is authorized only when it is accompanied by and read in conjunction with, an Offering Memorandum, Operating Agreement and Subscription Agreement from Piping Rock Partners Inc., which more fully explain the risks and implications of investing. No offering shall be made where prohibited by state law. Piping Rock makes no representations or warranties, express or implied, with respect to the accuracy or completeness of information contained on this website. Always consult with a financial advisor, attorney, accountant, and any other professional that can help you to understand and assess the risks associated with any investment opportunity.