Our investments are an entrée for both newer investors and our current club members who recognize the opportunity created by the critically shrinking supply of workforce housing.
While redeveloping challenged multifamily properties or building seniors housing communities may not seem as glamorous as constructing new class-A housing, we know from over 40 years of experience that redevelopment can be more rewarding.
Today, the Drevers and their legacy family investors, along with institutional investors, continue to adhere to the investment philosophy of “Doing Well by Doing Good.”
“Doing Well by Doing Good” is Drever Capital Management’s approach to exponentially leveraging the positive impact of relatively small investments to produce triple-bottom-line (TBL) returns:
First Bottom Line: Generating solid returns including substantial cash-flow distributions.
Second Bottom Line: Supplying apartments for value-conscious workforce families and retirees along with supportive services and educational programs for residents and their surrounding communities.
Third Bottom Line: Cost effectively providing environmental sustainability with improvements that use eco-friendly materials and reduce consumption of power and water.
Drever Capital Management is recognized across the industry as best-in-class redevelopment specialists with a four-plus-decade legacy of transforming challenged workforce apartments into desirable and profitable communities.
Drever Capital Management’s signature enhancements create value by cost effectively raising older or newer multifamily apartments and senior housing communities at least one class in appearance. This has resulted in an appreciable increase in rent and rental collections and a decrease in costly resident turnovers.
Our signature cost-effective enhancements:
In addition to cost-effective enhancements, our ownership-property management team has a proven track record of:
For example, during the Resolution Trust Company cycle, Concierge acquired 79 once-challenged apartment communities (18,000 units) that often had occupancies of 80 percent or less. By the time Concierge merged these properties into a public REIT:
For a great read on the Upside of Value-Add, see here:
For additional reading, see our Media/In the News page.