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Investing
Perspective guides investing.
Grubb Properties’ mission is to maximize the performance of the assets that have been entrusted to us. We invest in branded, moderate-priced rental housing and value-oriented office properties with land that can be converted to Link Apartments® sites through zoning and shared parking.
This strategy provides a solid, defensive investment thesis as a result of its demographic-driven demand strategy and is proven by a long and consistently strong fund track record. In 2021, Grubb Properties realized their 42nd round trip transaction since 2002. The results of those investments resulted in a weighted average IRR of 36% and an equity multiple of 2.5x.
This strategy provides a solid, defensive investment thesis as a result of its demographic-driven demand strategy and is proven by a long and consistently strong fund track record. In 2021, Grubb Properties realized their 42nd round trip transaction since 2002. The results of those investments resulted in a weighted average IRR of 36% and an equity multiple of 2.5x.
QUICK STATS
Investment Strategy
Our investment strategy focuses on essential housing, which we believe to be one of the most resilient asset classes.
Despite a backdrop of the biggest need, there is little new construction within this crucial sector. For the investor, essential housing provides a stronger margin of safety than building luxury apartments, because essential housing is driven by demographics rather than by how well the economy is performing at any given moment. The large Millennial and Gen Z populations are already facing a housing shortage, and the cost pressures constraining the supply are only going to intensify over the next few years.
Link Apartments℠
We pursue Essential Housing through our Link Apartments℠ developments where Grubb Properties has made a commitment to developing highly innovative, efficient, scalable, and branded solutions that help fill the growing essential housing gap across the United States. With a focus on location (urban, transit-oriented, close to major fixed employers (e.g., universities, medical centers) and price point with target rents affordable to residents earning 60-140% of the area median income.
Multifamily and Office Investment
Our current investment strategy is born from our deep experience in both multifamily and office investment. This plays out in methods such as our innovative site selection, which helps us reduce costs. For example, in many markets we acquire office buildings in urban infill locations with acres of surface parking. We then develop a Link Apartments℠ community on that land, with a parking garage that is shared between the tenant and resident uses. This strategy saves us construction costs and provides a steady non-tenant revenue stream, allowing us to pass the savings on to our residents.
Dual Market Strategy
Our dual market strategy positions us for maximum success.
Resilient – Major US markets such as Denver, Los Angeles, New York, San Francisco and Washington DC, have a demonstrated history of lower correlation to traditional economic cycles. In these markets, new supply has slowed, exacerbating the housing crisis, leading to future rent growth.
Growth – Secondary US markets such as Atlanta, Charlotte, Nashville, and Raleigh are usually more cyclical, but with substantially higher growth dynamics during expansions. Their urbanization fits our value-add office strategy with parking conversion to apartment sites.
Resilient – Major US markets such as Denver, Los Angeles, New York, San Francisco and Washington DC, have a demonstrated history of lower correlation to traditional economic cycles. In these markets, new supply has slowed, exacerbating the housing crisis, leading to future rent growth.
Growth – Secondary US markets such as Atlanta, Charlotte, Nashville, and Raleigh are usually more cyclical, but with substantially higher growth dynamics during expansions. Their urbanization fits our value-add office strategy with parking conversion to apartment sites.
ACTIVE MARKETS
Resilient
Growth
Tier 1 - Resilient
Tier 2 - Growth
| Property | Size (units/sq ft) | Asset Type |
| Link Apartments® Fitz | 405 units | Multifamily |
| Property | Size (units/sq ft) | Asset Type |
| Link Apartments® Korella | 77 units | Multifamily |
| 1353 N Western Ave | 65 units | Multifamily |
| Link Apartments® Solana | 70 units | Multifamily |
| Link Apartments® NoHo | 125 units | Multifamily |
| Link Apartments® Kora | 246 units | Multifamily |
| Link Apartments® Vine | 153 units | Multifamily |
| Property | Size (units/sq ft) | Asset Type |
| Link Apartments® Queens Plaza | 416 units | Multifamily |
| Link Apartments® Hempstead | 166 units | Multifamily |
| Link Apartments® FiDi | 429 units | Multifamily |
| Property | Size (units/sq ft) | Asset Type |
| Argon Plaza | 274,930 sq ft | Commercial |
| Beauregard Office | 211,025 sq ft | Commercial |
| Reston Corners | 294,031 sq ft | Commercial |
| Link Apartments® Reston | 145 units | Multifamily |
| Link Apartments® H Street | 191 units | Multifamily |
| Link Apartments® Rhode Island Ave | 234 units | Multifamily |
| Property | Size (units/sq ft) | Asset Type |
| Link Apartments® Four12 | 157 units | Multifamily |
| Link Apartments® Palo Alto | 102 units | Multifamily |
| Property | Size (units/sq ft) | Asset Type |
| The Park at Perimeter Center East | 284,538 sq ft | Commercial |
| 2400 Lake Park | 104,694 sq ft | Commercial |
| Link Apartments® Grant Park | 246 units | Multifamily |
| The George & The Leonard Apartments | 217 units | Multifamily |
| Property | Size (units/sq ft) | Asset Type |
| Link Apartments® Mixson | 358 units | Multifamily |
| Property | Size (units/sq ft) | Asset Type |
| 1515 Montford Park | 123,115 sq ft | Commercial |
| 4601 Park Road | 118,650 sq ft | Commercial |
| Elizabeth Avenue 1523/1535 | 48,905 sq ft | Commercial |
| Link Apartments® NoDa at 36th | 128,000 sq ft | Commercial |
| Link Apartments® NoDa at 36th Ph I | 292 units | Multifamily |
| Link Apartments® NoDa at 36th Ph II | 242 units | Multifamily |
| Link Apartments® Montford Ph I | 288 units | Multifamily |
| Link Apartments® Montford Ph II | 265 units | Multifamily |
| Link Apartments® Mint Street | 259 units | Multifamily |
| CYKEL Apartments | 104 units | Multifamily |
| Property | Size (units/sq ft) | Asset Type |
| Link Apartments® West End | 215 units | Multifamily |
| Property | Size (units/sq ft) | Asset Type |
| Link Apartments® Broad Ave | 370 units | Multifamily |
| Property | Size (units/sq ft) | Asset Type |
| 137 E Franklin | 118,517 sq ft | Commercial |
| Gwendolyn Office Building | 106,000 sq ft | Commercial |
| Glen Lennox Shopping Center | 26,032 sq ft | Commercial |
| UNC Office / Lab | 237,000 sq ft | Commercial |
| Edinburgh Cary Office | 134,017 sq ft | Commercial |
| Harrison Cary Office | 30,352 sq ft | Commercial |
| Glen Lennox Apartments | 356 units | Multifamily |
| Link Apartments® Linden | 215 units | Multifamily |
| Link Apartments® Glenwood South | 204 units | Multifamily |
| Link Apartments® Rosemary | 165 units | Multifamily |
| Link Apartments® Calyx | 305 units | Multifamily |
| Property | Size (units/sq ft) | Asset Type |
| Link Apartments® Manchester | 187 units | Multifamily |
| Property | Size (units/sq ft) | Asset Type |
| Triad Center | 394,600 sq ft | Commercial |
| Link Apartments® Innovation Quarter | 344 units | Multifamily |
| Link Apartments® 4th Street | 224 units | Multifamily |
| Link Apartments® Brookstown | 205 units | Multifamily |
