Our Company

Tower 16 Capital Partners is a commercial real estate investment and management company focused on acquiring and managing value-add and opportunistic investments in the Western United States. The Company has deep relationships throughout the West Coast allowing us to source, acquire and manage unique investment opportunities with the goal of maximizing risk-adjusted returns to our investors and partners while providing our tenants with a superior experience.

Value-Add Focus

Tower 16 Capital is focused on acquiring and managing value-add commercial real estate properties throughout the Western United States, with a current emphasis on Class B & C multifamily projects.

Distressed & Under Managed Properties

We focus on projects which need improved management and capital improvements in order to unlock their full potential. Many of our investments have been privately held and managed leaving significant opportunities for repositioning.

Disciplined Approach

The Company employs a disciplined acquisition approach with strict investment criteria andrisk-adjusted target returns. This approach was developed by the Company principals during their long tenures with a Fortune 500 development company and a leading real estate private equity firm.

Targeted Geography

We have identified target markets in the Western U.S. that exhibit strong fundamentals such as job growth, population growth, educated workforce, limited new supply in relation to demand and reasonable market values relative to replacement cost.

Strong Relationships

Deep relationships with brokers, property managers and owners allow Tower 16 to consistently source unique investment opportunities.

Seasoned Management Team

The Company’s principals have over 45years of combined institutional real estate experience; having managed, repositionedand developed over 325properties with a combined market value in excess of $3.0 billion.

Assets Under Management

Since it's founding in 2017, Tower 16 has acquired 3,440 apartment units representing over $375 million of acquisition value.

Tower 16 Company Overview

An Institutional Approach To Value-Add Real Estate Investing

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Seasoned Management Team

The Company’s principals have over 45years of combined institutional real estate experience; having managed, repositionedand developed over 325properties with a combined market value in excess of $3.0 billion.

Acquisition Criteria

Tower 16 seeks new investment opportunities that offer strong value-add returns through physical and operational repositioning. We seek investments that satisfy many or all the following characteristics:

Below Replacement Cost

The Company employs a value investment approach with the goal of acquiring, repositioning and exiting our investments below current replacement cost.

Non-Institutional Ownership

When possible, the Company focuses on acquiring assets held by private individuals, family trusts or small investment firms. We believe these owners are more likely to under-invest or mismanage assets, leaving strong upside potential.

Motivated Seller

Tower 16 seeks opportunities to acquire from owners that need to sell or may otherwise find themselves in a critical situation. Some examples of these situations are partnership or family trust disputes, loan expirations, estate dissolution issues, deal or management fatigue.

Inferior Property Management

Property management is one of the most important factors when optimizing NOI at a given property and it is clear that some owners fail to emphasize this during their ownership. The Company focuses on acquiring assets where property management isn't being maximized or is ineffective.

Capital Improvement Upside

Our acquisition targets have a clear path towards growing revenue through a capital improvement program to communal areas, building exteriors and unit interiors. We seek properties that are well located but lack the physical updates, improvements and amenities to make the property competitive relative to its peers. Upon acquisition, Tower 16 immediately implements a program to update projects in order to better compete in the marketplace.

Tower 16 Company Overview

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Uncaptured Revenue

The Company seeks properties with strong potential for capturing additional revenue streams not currently being obtained by management or with existing rents significantly below market. We will implement other income streams such as utility reimbursements (RUBS), parking charges, cable & internet master contracts, storage fees, market rate leasing fees and more.

Off-Market / Dislocated Marketing Process

As much as possible, the Company targets acquisition opportunities outside of the traditional brokerage process. This includes working directly with property owners, working on an exclusive basis with brokers or taking advantage of a dislocated marketing effort. We believe this practice enables us to acquire projects under favorable price and terms in most cases.

Below Replacement Cost

The Company employs a value investment approach with the goal of acquiring, repositioning and exiting our investments below current replacement cost.

Affordability

We seek properties in growing markets that offer strong job opportunities and good affordability, catering towards the workforce housing segment of the market. In this investment class, we seek to keep our repositioned rents less than 35% of average incomes for the surrounding area.