Waterton seeks to acquire and manage well-located multifamily assets in high barrier-to-entry markets at prices below comparative replacement cost with the potential to enhance values through either asset repositioning or improved professional management and cost control.  Waterton will target multifamily properties in suburban and urban “in fill” markets including garden, mid-rise and high-rise properties or portfolios of assets within targeted U.S markets.  The deteriorating real estate fundamentals and debt liquidity crisis is building an unprecedented investment environment that will present extraordinary acquisition opportunities.  Markets are approaching near cyclical lows with positive long term demand fundamentals for multifamily investment.

Waterton successfully creates value through the buy, the hold and the sell.  Since its inception, Waterton has executed multiple acquisition strategies that have helped pave its path to success.  Some strategies include:

• Distressed / opportunistic
• Capital renovation
• Reposition of mismanaged assets
• Affordable housing
• Debt investments

Waterton possesses proven diverse acquisition experience that will benefit this Investment Period, including the following:

• Acquisition at foreclosure
• Manage to own (fee management leading to ownership)
• Tri-party work outs, portfolio purchases and take over
• Condo conversions and reversions
• Entity purchase and recapitalization
• Intelligent capital and renovation enhancements
• Market selection and timing
• Note and subordinate debt purchases
• Public to private transactions