Some of Infiniti’s projects - cashflow and development.
Oklahoma Portfolio - 827 Units, $76million
Acquired in 2019, this portfolio of 5 stabilized multifamily assets is a great example of the Infiniti model. 8% cash flow distributions out the gates to all our members and upside potential through management efficiencies, organic rent growth, revenue-sharing agreements and a value-add strategy to further boost returns.
Woodside Cotton Mill Historic Conversion to 307 Multifamily units
Infiniti acquired the property in 2017 for $4,5million and prepared the property for construction. All the pre-development work was completed in 2018, from design, engineering, historic tax credits, federal and state tax credits and a shovel ready project was sold to a developer for $9,5million in 2019.
Oklahoma, Lawton - 229 units, $21million
Acquired in 2020 to add to our existing Oklahoma portfolio, this class A asset in Lawton, Oklahoma is another great example of a combination of short term and long term strategy, where we acquire great cash-flowing assets where we can distribute 8%+ per year to members, while managing the asset to increase topline revenue, keep expenses tight and create a strong stable portfolio that will attract the institutional buyers in the future who are looking for this type of portfolio.
Kingsport Town Park Lofts - 263 units, $33million
This ground-up development was Infiniti’s first project. Acquired in 2016, it took 2 years to develop and was sold to a REIT in 2019 for $38,3million, delivering a 31% IRR to members at the project level. Infiniti worked with a great partner to develop this class A project in downtown Kingsport and it’s now a premier location to live in that city.
Creating homes.
Creating wealth.
Creating a legacy.
The decisions you make today affect your future and the future of your descendants. Property is still the best asset class to preserve wealth for legacy while allowing you the pleasure of enjoying the cashflow it creates in the present.
strategy, partners, leverage and a little magic
Dedication.
One of the unwritten ground rules in all of our projects is a philosophy we abide by:
We’re all in the projects together.
This means we invest our own cash in every deal. This means our project partners on the ground have to invest their own cash in any deal we do with them. This means we win together or lose together.
All stakeholders in any of our projects will have real skin in the game. This creates a commitment and dedication to pay attention to a project that is necessary for long-term, consistent success. Anyone can have a hit here and there in the real estate game, but if we want to be around for a long time, we have to play the long game, and the best way we’ve found to make sure the operators pay attention is to ensure they have something real to lose if things go wrong.
Cashflows and IRR’s are great on a spreadsheet, but consistent returns we can rely on require a combination of factors that all need to work in sync with each other:
Acquisition and deal design
Careful and select capital deployment
Committed partners
Experience
Skin in the game
Debt design with the right debt partners for the deal strategy
Operations and management. This is the key to unlocking the returns.
Accountability
Exit management