PASSIVELY INVESTING IN VALUE ADD MULTIFAMILY

[Jorge Abreu]

• What is the Business Plan for the Value Add?
• Who is on the Deal Sponsor team?
  • Does anyone have Construction Experience?
• How much of your Capex Budget is for Upgrades vs Deferred Maintenance?
  • You want to make sure some upgrades are being done and it's not just deferred maintenance.
• Who will manage the renovations?
  • Even if a GC will be hired who will be his point of contact on the Sponsor Team
• Who is doing the work?
  • General Contractor, Property Manager or someone on the Deal Team is going to hire subs?
• Details about whoever it is that's going to handle it.