Hivernan Realty Group

HIVERNAN REALTY GROUP, LLC invests in workforce housing in strong performing secondary and tertiary markets. The risk to reward ratio of these markets is attractive because returns are based on existing, stabilized, in-place operations, and not future rent growth, property repositioning, or cap rate compression. Since its formation in 2013, Hiverna... n has purchased eight communities totaling 2.122 units with an aggregate purchase price of $89 million. When Hivernans strategic asset evaluation and intensive asset management are added, predictable value enhanced investment returns result in an opportunity for investors to earn Cash-on-Cash returns of 8+% and IRRs of 14+% over the projected life of the investment. HIVERNAN brings a highly pragmatic and value driven asset management approach to property ownership. Our philosophy is focused on the following three principals: the property needs to be safe, the property needs to be clean, and the property needs to provide a value to its residents. The first two principals are paramount: value cant begin to be generated unless the property is safe and clean for our customers. Our standard operating procedures focus on preventative maintenance and asset preservation. Once we have ensured that the property is safe and clean, we can focus on bringing value to our residents. Often times in the properties and the markets where we operate, providing safe and clean housing is value enough for our residents. Where there is demand and the financial returns justify it, selective in-unit upgrades have been undertaken. Net Operating Income is the yardstick by which all capital expenditures and expenses are measured. Our investments routinely and consistently meet, and more often, beat our original revenue, expense, and pro forma projections. HIVERNAN partners with professional management companies to provide back office property management services to the properties it acquires. These partnerships enable Hivernan to take advantage of the economies of scale that only a large ...Read More