Break Of Day Capital

Break of Day Capital - Real Estate Investing Made Easy - Multifamily Investing - Passive Income

INVESTMENT STRATEGY

How It Works

Multifamily asset identification

DEAL IDENTIFICATION

•Strong relationships with the local brokers cultivated over many years

•Experts by focusing on a few markets

•Rigorous underwriting and due diligence to minimize risks and maximize returns

•Acquire target assets that meet our criteria

Asset Management

ASSET MANAGEMENT

•Diligent execution of the business plan

•Measure key performance indicators to detect potential bottlenecks

•Make consistent improvements to maximize NOI and property value

•Constantly monitor rental market conditions to stay ahead of potential issues

Full Cycle Exit - multifamily disposition

CAPITAL GROWTH

•Monetize at most opportune time to maximize returns through sale or refinance

•Tax mitigation strategy through cost segregation and potential 1031 exchange

At Break of Day Capital, we focus on obtaining class B and C multifamily properties in high-growth markets. We target assets positioned in submarkets with strong population and job growth in  landlord-friendly states.

We implement strategic capital improvements and operational efficiencies to improve the apartment community and property value.

Acquisitions Criteria

Property Type: Value-Add Multifamily & New Development

Target Markets: Southwest

Vintage: 1970 & Newer

Property Size: 100 Units & Above

Property Class: B & C

Target Returns: 15-18% IRR, 1.7-2.0x EM

Target Hold Period: 3-5 Years

Value Add Strategy

The Break of Day Capital team increased NOI 40% in 12 months across portfolio using B.E.A.M. programmatic strategy. (Translation – increasing property income from $1MM to $1.4MM results in a forced appreciation of property value from $20MM to $28MM at a 5% cap rate in just 1 year.)

Branding
Exterior Renovations
Interior Renovations
Management

Branding – Rebrand with new signage and exterior paint

Exterior/Common Area Improvements – Add or improve amenities and curb appeal

Apartment Interior Renovations – Upgrade appliances, countertops and flooring and fresh paint throughout

Management/Operations Improvements – New property management company and operational policies for efficiency and boosting NOI

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