We are opportunistic but disciplined investors. To date, we have focused mostly on multi-family apartment complexes that are considered workforce housing, based on age and/or condition. We take great pride in our investments and seek to systematically improve our properties and communities over time.
These properties generally range between 30 and 350 units, were built in the 1960s to 1990s, and range in price between $2.0 million and $40.0 million. We often focus on secondary and tertiary markets where we can achieve debt-coverage ratios in excess of 1.5 to mitigate risks in an economic slowdown.
CVG specializes in urban infill development or redevelopment, with a focus on projects that incorporate government incentives, primarily Opportunity Zones.
The Opportunity Zone program, established under the 2017 Tax Cuts and Jobs Act, provides special incentives for investors who substantially improve assets in more than 8,700 federally designated geographical areas across the United States.
Prior to the introduction of the Opportunity Zone program, CVG’s principals built a track record of distinctive and complex deals. CVG’s in-house expertise in deal sourcing and execution, as well as project and construction management, provides the foundation for success in this arena.
We seek to provide the best value in class within the respective micro-markets for each of our properties. We focus on safety, comfort, and value for our residents, through fostering a sense of community, and with timely responses to service and repair requests.
By providing a best-in-class experience to our residents while keeping rents within market ranges, we expect to enjoy best-in-class occupancy rates, quality rent rolls, and lower-than-average turnover and delinquency.
We seek to balance ongoing re-investment in our properties with providing quarterly cash flow to our investors. By keeping our assets in good condition, we help assure the sustainability of the cash flows and optimize appreciation potential.
“My wife and I have known Mike Ballard and Kevin Romney each for decades. It was not until the last four years that my wife and I became professional investment clients. We did so because of our years of previous interactions, all of which had built enormous trust.
We began cautiously, and gained additional confidence with each investment. Our investments have met and occasionally exceeded our expectations. We received very thorough reports and updates on our investments.
We are now in our fourth year as clients, and our confidence has continued to grow. We feel that Mike and Kevin are very careful, prudent, complete their due diligence in prospective property investments, and have managed our mutual portfolios very wisely. We can certainly recommend them to any potential investors.”
– David and Carole G., Henderson NV
At this time we are only accepting investments from accredited investors. To obtain information on new offerings and begin the conversation about possibly partnering with us on a future deal, please reach out to us using the form on the next page. We look forward to hearing from you.