The business and investment objective of Southeast Capital Real Estate Investors (SECREI) is to maximize total return on capital by seeking income and capital asset appreciation, through the development, redevelopment and management of a diversified portfolio of existing underperforming multi-family real estate assets or distressed investments.  SECREI intends to achieve these objectives primarily through the acquisition and operation of a portfolio of multi-family real estate properties primarily consisting of Core infill Class A apartment properties and Suburban Class A apartment properties that may have small deferred maintenance/rehab elements.  Also, to a lesser degree, we may acquire other income-producing apartment properties that do not fit in the above description, but offer unique advantages.

We expect that our apartment properties will be:

• Communities with 200+ units
• Attractive to institutional investors
• Strongly amenitized
• Low-to-mid rise wrap and/or garden style
• High demand locations in Southeast
• MSA greater than 1 million with emphasis  in the following high job growth markets;

Atlanta      •      Tampa      •      Orlando      •      Jacksonville      •      SE Florida
Raleigh Triangle      •      Charlotte      •      Nashville      •      Washington DC region

We are strategically focusing on opportunistic and value-add properties that indicate dislocated values. The plan is to effectively reposition these assets.

Multi-family real estate assets that SECREI considers “distressed” typically include: (i) those facing operating difficulties; (ii) those undergoing, or considered likely to go into foreclosure; (iii) those which have strong upside potential by re-tooling them for their highest-and-best use such as conversion from for-sale condominiums to for-rent apartment homes; and (iv) those facing liquidity issues.  SECREI’s investments generally are in the form of both debt, which typically will be relatively senior in the capital structure and often secured, and equity positions of distressed assets.

SECREI has structured an investment program that will offer identification of attractive properties, analysis of current as well as projected operations and property repositioning.

We have implemented a business action plan that provides our investors with:

• Renovating/upgrading the property
• Improving the quality of services and operations
• Establishing an aggressive management and marketing strategy, i.e., reducing costs and increasing revenues

             
The key to our success is that we ensure we’re in a position to act swiftly and decisively in order to take full advantage of the opportunities presented.  SECREI will earn reasonable and customary fees including acquisition, disposition and management.