Investment Strategy

Disciplined acquisition.
Operational excellence.
Forced appreciation.

Our strategy is straightforward: buy assets with clear value-add upside, execute the business plan with our own team, and refinance or exit at a premium.

Investment Thesis

Value-add where others see operational complexity.

We focus on commercial and multifamily assets where management inefficiencies, below-market rents, or deferred capital expenditures have suppressed NOI below market potential. These are not distressed assets — they are well-located properties that have been under-managed.

Our vertical integration gives us a structural advantage in executing this strategy: in-house property management corrects operational drift faster than any third-party manager, in-house construction executes capital improvements at controlled cost, and in-house brokerage intelligence tells us exactly what the market will pay when we’re done.

The result is a repeatable playbook: acquire at value-add pricing, improve NOI through operational excellence and targeted renovation, refinance at a stabilized valuation, and hold for durable cash flow.

01

Acquire at value-add pricing

Target assets priced on in-place NOI, not stabilized potential. The gap between these two numbers is the value creation opportunity.

02

Execute with in-house capability

Keyport Properties and Keyport Construction manage the asset through renovation and stabilization. No third-party misalignment, no markup layers.

03

Refinance at stabilized value

Return capital to investors through a cash-out refinance once NOI is maximized. The property continues to cash flow while equity is recycled.

04

Hold for durable cash flow

Stabilized assets held for 2–5 years, generating cash flow and building equity until a disposition or recapitalization event.

Our Buy Box

What we’re looking for.

Specific criteria that define our acquisition targets. If your property fits, we want to hear from you.

Asset Type
Commercial & Multifamily
Office, retail, industrial, mixed-use, and residential multifamily
Unit Count / Size
10–50 Units
Small to mid-sized commercial multifamily and commercial assets
Markets
AK & TN
Anchorage, Alaska and Chattanooga, Tennessee
Value-Add Profile
Clear Upside
Below-market rents, management inefficiencies, or renovation opportunity
Target IRR
Mid-Teens
Risk-adjusted returns on a fully loaded basis including rehab capital
Hold Period
2–5 Years
Value-add timeline of 12–18 months, then hold stabilized
Max LTV at Refi
≤ 70%
Conservative leverage with durable DSCR and refinance flexibility
Capital Structure
JV Equity
Deal-by-deal co-investment alongside Keyport principals
Off-Market Preference
Yes
Direct seller outreach and broker relationships over listed inventory
Acquisition Process

How we evaluate and execute a deal.

1

Sourcing

Direct owner outreach, broker relationships, and proprietary deal flow from our market presence.

2

Underwriting

Full pro forma with conservative assumptions, stress-tested against realistic downside scenarios.

3

Execution

In-house property management and construction execute the business plan on timeline and budget.

4

Stabilization

Refinance at stabilized value, return capital to investors, hold for durable cash flow.