Multi-Family Real Estate Advisors
Our Services
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Acquisition & Development
• Site selection and location strategy
• Pre-development consulting
• Project positioning
• Design
• Branding, leasing, and marketing
• Lease-up management (leasing & marketing)
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Affordable & Workforce Housing
• Identify opportunities to acquire or develop value-add and affordable/workforce housing
• Regulatory compliance and reporting
• Tax credit and alternative project financing strategies
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Asset Management
• Value protection and enhancements
• Revenue optimization
• Next-generation lead optimization
• Technology and analytics assessment
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Identify location and/or market(s) for future development. Analyze comparable developments in proximity to the proposed site to inform development strategy and develop project thesis.
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Partner with clients to provide suggestions on design including exteriors, interiors, amenities, unit mix, hardware, finishes, appliances, and provide feedback regarding retail/commercial integration.
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Forecast rents for apartment homes, estimate absorption rate, recommend ancillary income opportunities, competitive price analysis, and prepare operating budgets.
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Provide comprehensive marketing platform for pre-leasing, lease-up and stabilization including branding, websites, digital/social advertising, collateral, and ongoing public relations.
We think like owners. We leverage local market knowledge and our extensive experience to provide solutions for all asset types.
Our Approach
Acquisition & Development
Affordable Housing
40˚ North Partners has extensive experience in managing a range of affordable housing programs, including the Low-Income Housing Tax Credit (LIHTC), the HOME program, Multifamily Tax Exemption (MFTE), ARCH (A Regional Coalition for Housing), Accessory Dwelling Units (ADU), Moderately Priced Dwelling Units (MPDU), project-based Section 8, and workforce housing programs.
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Acquisition
Tailor financing packages for affordable housing projects utilizing a mix of public-private partnerships, tax credits, and grants
Optimize financial structures to minimize costs while maximizing returns for investors and stakeholders
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Development
Review design standards that ensure all HPD funded projects meet the municipalities climate, resiliency, health, and safety goals
Inclusionary Housing Program consulting for both voluntary & mandatory programs
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Compliance
Program-specific compliance monitoring & reporting
LIHTC file review, initial certification and ongoing re-certifications
Federal & State audit assistance
Monitor program set-asides, rent limits, and annual utility allowance increases
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Lease Up
Affirmative Fair Housing marketing plan implementation
Unit mix analysis
Leasing, tenant selection & waitlist management
Community outreach & engagement
Forward Thinking
Asset Managment
40˚ North is a comprehensive partner for clients looking to strategically enhance the value of their real estate assets. The combination of traditional expertise with a commitment to leveraging technology promotes a forward-thinking and adaptive approach to real estate consulting.
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Working closely with partners to optimize leasing strategies, identify revenue opportunities, and provide guidance on leasing-related matters.
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Implement strategies to enhance property value through various means, such as building improvements, cost optimization, or market positioning.
Market Positioning - involves analyzing current trends, demands, and dynamics of the real estate market. Rental assessment of subject building versus market and identifying any potential growth opportunities.
Asset Customization - define appropriate programming, services, and amenities tailored to the specific characteristics of the asset.
Demographic Analysis - accurately determine the demographics of a building to inform targeted strategies.
Technology and Analytics - Leverage emerging technology and analytics to stay ahead of the industry and futureproof your business. This involves using data analytics, artificial intelligence, or other technological tools to gain deeper insights into real estate trends and opportunities.
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Lead generation strategy is the key to identifying the most qualified and motivated renters, reaching them through highly-targeted digital channels and captivating them with eye-catching visuals and compelling messaging.