Acquisitions may be at large, nationally known universities or secondary schools that show strong fundamentals, demand, and documented plans for enrollment and growth.
Our investment strategy targets properties in which we can judiciously employ capital and implement operating expertise to drive net operating income. The type of product we pursue ranges greatly: from multifamily properties that are ripe for conversion to student use to underperforming or “under-amenitized”, newer, purpose-built student properties, and newer, “core-plus” types of properties with strong cash flows. Locations in close proximity to campus, walkable or accessible to campus by bicycle, shuttle or university bus routes are preferred.
Acquisitions may be at large, nationally known universities or secondary schools that show strong fundamentals, demand, and documented plans for enrollment growth. We also target “immature” markets with limited purpose-built student housing stock and markets with strong barriers to entry.
ILM principals have a long-standing presence in the student housing industry and have developed a wide network of deep relationships with brokers, owners and colleagues. We are diligent in our efforts to expand existing means and to open channels to increase our deal flow pipeline.
Using our collective expertise, we develop and execute repositioning strategies, if needed, including: modernizing the physical asset, improving marketing, upgrading or improving operations, and implementing student-centered management. Utilizing sophisticated analysis and management, our proven investment strategy has resulted in strong risk-adjusted returns with attractive current cash flow.
While every acquisition is different, our principles remain consistent. By providing and implementing the right mix of capital, management, improvement, and vision, we maximize the value of each of our assets with deal-specific strategies to create communities that offer a compelling value to students and their parents. ILM’s executive team has a proven track record of delivering on this strategy to foster long-lasting relationships with our investment partners.