The four strategies above answer different questions about return, timeline, and risk. The underwriting framework we apply to all four is the same. We start with basis – the price you pay drives returns more than rent growth assumptions ever will. We define the exit before the acquisition. We stress-test cash flow against vacancy, capex, and rate scenarios. And we ground every projection in signed leases, real comps, and street-level knowledge of the Boston submarket. No pro forma optimism.
Hold-and-collect. Quality buildings, solid tenants, predictable cash flow.
Buy below market, reposition, refinance or hold. Where most Boston wealth has been built.
Higher risk, higher return. Best for partnered equity with experienced sponsors.
Trade up basis, geography, or asset class without a taxable event.
