Founded in 2012, Sunstone is an owner, operator, and fund manager focused on multifamily real estate assets.
Headquartered in Southern California, Sunstone specializes in value-creation investment strategies of multifamily assets located in US Sunbelt states.
Using its fully integrated platform, Sunstone selectively develops multifamily housing and acquires existing apartment communities – increasing net operating income, operating efficiency, and rent growth through renovation and reconstruction.
Over the last decade, the multifamily sector has maintained the highest occupancy levels, the least amount of volatility and the highest risk-adjusted returns of all other real estate asset classes. Multifamily also provides a more effective hedge against inflation than other real estate asset classes as the typical 12-month tenant leases allow for rent to be increased annually as the price of goods and services rise.
The sharp rise in the cost of homeownership and current preferences of young adults waiting longer to start families has increased the demand for rental housing overall. While there is minimal new supply of Workforce Housing coming onto the market, unlike luxury apartments, Sunstone’s tenant base represents the largest group of renters in the US.
Sunstone performs extensive research in economic and consumer trends, migration patterns, capital markets, and changes in individual submarkets.
Sunstone has a solid track record of execution with an extensive network of brokers in every target market.
Staff from each company discipline reviews every aspect of a potential acquisition utilizing a comprehensive underwriting model.
Sunstone’s strong relationship with investors and lenders allows for reasonable assurance of debt and equity sources before entering into an acquisition agreement.
In addition to producing efficient designs, Sunstone’s architectural staff analyzes every potential development site for its feasibility and highest and best use.
By self-managing the development and construction management function, together with our staff and international supply chain, we are better able to control project budget, schedule, and quality.
Asset Management is involved with every acquisition to ensure that underwriting is aligned with viable post-acquisition performance in order to maximize operational efficiency, cashflow and value.
Under the direction of Asset Management, third-party best-in-class property managers are engaged to implement each property’s business plan by leveraging their expertise of specific local markets.
Transparency and timely institutional quality reporting is provided through SS&C, a world-class fund administrator.