Standing Out From the Crowd in MF

Ballard: “We’re looking for, number one, properties that we can fix and materially improve to raise rents. However, we will also look to purchase core-plus properties in more urban areas.”

NEWPORT BEACH, CA—Despite the competitive nature of the sector, Buchanan Street Partners is launching a multifamily investment platform focused on finding unique opportunities where it can use its capital and expertise to create value for its investors, president and co-founder Tim Ballard tells GlobeSt.com. The firm has hired Kevin Hampton, former president of PLC Apartments, as EVP to lead the platform.

As part of the new platform, Buchanan Street plans to directly acquire and manage multifamily properties that are core-plus and value-add investment opportunities and plans to deploy $500 million over the next five years in the Western US, with deals already in-the-works. The company is staffing up its multifamily team and, at press time, was in search of an acquisition analyst and VP of asset management.