Our strategy is simple. Versity takes an investor-centric approach to real estate investment, identifying evolving investor goals and objectives, then creating strategies around real estate projects that align with those goals.
Versity often acquires newer assets that we believe to be stabilized and well-located in strong markets. For these properties, Versity typically employs a more conservative buy-and-hold strategy where the property is held for a five- or six-year period. These assets are 1031 and IRA eligible.
Often, Versity will come across older properties we believe to have a fantastic location with an excellent track record of high occupancy but may not be in the best or the most competitive condition. Our goal for these assets is to devise a strategy to grow rents and increase property value by enhancing the appeal of the property through strategic upgrades, renovations, and amenity improvements. These opportunities are typically 1031 and IRA eligible.
Versity believes that increased diversification has the potential help with capital preservation and safety. With this in mind, Versity created an LLC that owns smaller interests in various Versity properties. Investors can buy shares of the LLC and have direct ownership benefits of a more diversified portfolio. The LLC is IRA eligible but not eligible for 1031 exchanges.
* 7 properties completed through NBPRE