LRC Properties’ investment philosophy is simple: We purchase challenged properties in the East Coast and redevelop and reposition them to become stable assets for short-, medium-, and longer-term holds.
Each purchase has an aggressive management strategy focused on increasing its market value on a specified timeline. As a rule, LRC targets:
- Cash yields of 8% per annum
- Minimum investment IRR of 15% and exceeding returns of 20-25%
- Investment horizons of 3-7 years
- Not limited to deal size or complex ownership structures
- Aggressive in recapitalizing, including JV structures