Acquisition support · Construction and repositioning

Acquisition support and repositioning

Operating assumptions for underwriting, market and submarket rent analysis, staffing and payroll models, and a renovation scope with the rent premium it should return.

Acquisition support

Operating assumptions for underwriting, market and submarket rent analysis, staffing and payroll models, and a renovation scope with the rent premium it should return.

Construction and repositioning

Scope, bid, and construction management for unit renovations, amenity work, and deferred maintenance, sequenced so the schedule does not fight the leasing calendar.

Asset management

Budgeting, monthly and quarterly reporting to ownership and lenders, capital planning, and the operating work that comes with a sale or a refinance.

Take the services you need

Management, marketing and leasing, acquisition support, construction and repositioning, asset management. They are priced separately because owners are not identical. An owner with a capable in-house construction group should not be paying us for one.

Case study

Centerra, Scottsdale

Repositioning

A 203-unit community renovated while occupied, through the pandemic year. Comparing the two consecutive twelve-month periods under Stellar, March 2020 to February 2021 against March 2021 to February 2022: occupancy went from 88 to 97 percent, bad debt fell by three quarters, operating expenses rose 1 percent, and net operating income rose 39 percent.