Joint Ventures

Connell intends to grow its multifamily platform by joint venturing with “like-minded” long-term, equity partners and strategic development partners to opportunistically acquire high-quality Class A multifamily properties and projects.  Connell’s joint venture multifamily activities are an extension of its historical strategy of acquiring “inflation-protected”, income-producing assets with partners such as JP Morgan, GE and Mitsui, and its over 35-year history of successful real estate ownership and asset management. Connell has built wealth for itself and others by adhering to sound business practices and following conservative fiscal policies since it was founded in 1926, and embraces similar practices with respect to its multifamily activities.

For each joint venture, Connell's goal is to maximize income growth, asset appreciation and total returns without the use of excess leverage or the assumption of unnecessary refinance risk over the hold period. Connell intends to structure its joint ventures to provide cash distributions as early as year one following an asset acquisition or within the first year of stablized cash flows for development projects.

Connell intends to hold real estate assets for the long-term (minimum 20+ years).  Connell will periodically assess market conditions to determine the optimal exit strategy, recapitalization or disposition for any of its property holdings.