The CRE management team brings over 120 years of combined real estate experience, primarily focused on the multifamily sector, CRE combines the energy of a young entrepreneurial firm with the fundamental institutional experience of CRE's principals and management team. CRE's business model uses prudent judgment and detailed analysis to acquire communities, calculate market timing to anticipate and execute the ideal disposition strategy, and oversee qualified, professional third party vendors in optimizing the returns available on investment properties.
Since its formation in 2005, CRE has purchased 33 properties representing a total capitalization of approximately $720 million, including approximately $190 million in equity. Our portfolio currently consists of 26 properties with 5,624 units.
The current economic environment presents a window of opportunity to acquire apartments at very attractive pricing and compelling IRRs and cash-on-cash returns. CRE’s strategy is to purchase apartments with strong fundamentals of location and design in recovering markets that have exceptional prospects for cash flow and appreciation.