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Why Starland Union ?
Starland Union is a value investing firm focused on assets with recurring cash flow and a sustainable competitive advantage in asymmetric industries that require a bit of elbow grease.
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We target total returns (IRR) of 12 to 18%, a significant portion of which comes from current income. We intend to hold assets for the long term, but have used refinancing to return equity in 6 to 36 months.
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Heretofore, we have achieved those results by buying and rejuvenating undermanaged real estate – specifically apartments and hotels – that serve median income households along the major transportation corridors between New York City and Boston.
Why Starland Union Housing
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Sustainability through the economic cycles.
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Our dynamic rental pricing model allows for revenue increases in varied economic climates
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Transitioning utilities to residents has nearly eliminated investors' exposure to heat and electric costs
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Negotiating annual fixed price contracts with maintenance providers makes our monthly expenditures predictable
Why Boutique Hotels
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Different operational dynamic, same approach to revenue.
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Attractive entry points and readily fixable deficiencies
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Strong market position through concurrent purchase within the same town
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Capital improvements and operational grit offer opportunity to quickly grow sales
Micro View
Persistent supply and demand imbalance.
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Demand for housing continues to outstrip supply
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The 70MM+ strong millennial generation has emerged from the depths of the Great Recession ready to live on its own
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At the same time, the supply of new housing units slowed to a trickle during the recession and has not recovered
Macro View
Possitive attributes of Direct Real Estate as an asset class.
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We measure risk and compare it to other asset classes to quantify the volatility of its return over time
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The superior risk/return trade-off of private real estate is the foundation for our investment strategy
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Direct real estate is a more tax efficient investment vehicle than comparable yielding assets thanks to its depreciation shield