Aminim actively pursues multifamily investments in the United States. Our acquisition targets are typically Class B multifamily assets, garden-style or mid-rise construction, consisting of 150-300 units.
Aminim’s preferred locations are markets with historical and projected population and job growth and sound economic fundamentals. Markets with positive migration from the renting demographic (Millennials, Baby-Boomers, Gen-Z) are top priority, as are supply-constrained markets or locations where absorption of new supply is rapid.
Aminim adopts a conservative investment philosophy, and pursues deals which forecast a combination of annual yields and appreciation upon exit, to produce an attractive IRR.
Our goal is to maintain a balanced risk-return profile with upside potential and downside protection. To achieve this, Aminim looks to invest in properties which already exhibit good fundamentals and also offer tangible value-add opportunities, such as upgrades to unit interiors, enhancements to community amenities, or improving the day-to-day management of the property. These projects ultimately allow for the application of rent premiums, boosting the property’s bottom line and adding value to the investment.
In general, Aminim underwrites for an ownership period of between 3-7 years. Aminim looks to capitalize each investment with roughly 30%-40% equity, the remainder with agency-financed loans or loans from Tier I rated banks. Deals with the potential for an accretive refinance after 2-3 years of management are also favorable, although this will rarely impact the acquisition decision.