top of page

Investment Criteria

Convergence Capital Management employs a focused strategy under its acquisitions platform. Convergence pursues value-add multifamily opportunities with a primary geographic focus in the Western US & Texas.

In particular, the platform targets submarkets traditionally classified as "secondary" or "tertiary", but have strong fundamental tailwinds that Convergence believes will drive outperformance against national metrics.  These markets are meticulously identified by Convergence through a top-down approach by utilizing its robust proprietary market-targeting algorithm.

On an asset-level basis, Convergence is primarily a deep value investor, giving distinct attention to properties with untapped revenue potential that are either mismanaged, operationally inefficient, debt distressed, or undercapitalized.

ACQUISITION

CRITERIA

Deal Size: $15,000,000 to $30,000,000

​​

Units: 100 to 300 units

​​​

Price/Unit: Market specific

​​

Vintage: Later than 1980 preferred​

​​

Market: Secondary or tertiary with healthy submarket or MSA fundamentals

​

Class: B & C properties

​

Hold Period: 3 to 10+ years

​

Target Returns: Stabilized yields in high single-digits or greater

bottom of page