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MARKET AND ASSET-DRIVEN APPROACH

  • CLP targets well-located properties in primary markets and submarkets exhibiting strong rent fundamentals. This includes:
  • Positive employment and population growth
  • Strong infrastructure
  • Diversified local economy
  • Favorable business climate
  • Highly rated school district
  • Inadequate supply of high quality rental properties within its submarket
  • High cost of home-ownership
  • Historically, CLP has acquired properties with the following characteristics:
  • Favorable yield at inception
  • Mismanaged or undercapitalized assets resulting in low in-place rents relative to market levels
  • Acquisition cost below replacement cost
  • Proximity to major employment centers and quality healthcare facilities
  • Highly rated school district
  • Easy access to mass transit and highways
  • Proximity to retail, entertainment and recreation
  • Competitive amenity base
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