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INVESTMENT PHILOSOPHY

OREI pursues high-growth multifamily opportunities across the Southeast and Sunbelt, following the path of progress in markets defined by strong demographics, job expansion, and long-term housing demand. Our vertically integrated platform—spanning acquisitions, entitlements, design, construction, and asset management—allows us to identify value early, execute efficiently, and deliver exceptional risk-adjusted returns.

We combine disciplined market selection with hands-on development and operational expertise, targeting supply-constrained submarkets where our standardized design process, construction oversight, and owner-operator mindset create durable, best-in-class communities. With over 2,200 units under construction and an active pipeline exceeding 1,800 units, OREI continues to expand its footprint through strategic acquisitions and ground-up development.

 

Investments

OREI’s investment strategy centers on opportunistic multifamily investments in high-growth markets across the Southeast and Sunbelt. We focus on identifying situations where strong demographic trends, economic expansion, and structural housing demand create the potential for enhanced long-term performance.

Our approach is rooted in disciplined research and a deep understanding of market fundamentals. We prioritize submarkets with:

•⁠ ⁠Sustained population and income growth
•⁠ ⁠Diverse and expanding employment bases
•⁠ ⁠Supply constraints and consistent absorption
•⁠ ⁠Stable rent performance and resilient demand dynamics

As an opportunistic investor, we evaluate opportunities through a forward-looking, fundamentals-driven lens—seeking environments where timing, market conditions, or long-term structural factors support superior risk-adjusted outcomes. Our philosophy emphasizes discipline, long-term value creation, and multifamily communities that perform across varying economic cycles.

Developments

OREI’s development strategy focuses on creating high-quality, ground-up multifamily communities that meet the needs of today’s residents while delivering strong returns for investors. With over 2,200 units currently under construction and another 1,800 units preparing to break ground, our platform has become one of the most active garden-style developers in the Southeast.

Our in-house development and construction management teams control every stage of the process—including land acquisition, entitlement, design, budgeting, engineering coordination, and full lifecycle execution. This allows us to manage risk proactively, compress timelines, and ensure the final product aligns with our standards for durability, livability, and long-term performance.

Key elements of our development approach include:

•⁠ ⁠Strategic Market Selection: Targeting submarkets with strong fundamentals, population growth, and high barriers to entry
•⁠ ⁠Speed & Efficiency: Standardized design and consistent use of architects/engineers allow permit-ready drawings in 10 weeks
•⁠ ⁠Cost & Quality Control: In-house construction oversight ensures consistency, accountability, and performance
•⁠ ⁠Thoughtful Design: Modern amenities and floorplans tailored to resident lifestyle and long-term competitiveness
•⁠ ⁠Lifecycle Mentality: Built with an owner-operator mindset for resilience, efficiency, and sustained value

OREI continues to expand its development pipeline with projects across North Carolina, South Carolina, Georgia, Tennessee, Alabama, and Florida.

Construction

With extensive construction expertise, we have a deep understanding of project costs, timelines, and complexities. Our team has a proven track record of delivering projects efficiently while aligning with the owner’s vision and ensuring outcomes that support both strategic and operational objectives.

Our in-house construction capabilities allow us to de-risk development earlier, make informed decisions with greater confidence, and maintain control throughout the entire lifecycle of a project. We approach every development with an owner’s mindset—focusing on quality, long-term durability, and an exceptional resident experience—while continuing to drive strong performance and growth.

INVESTMENT CRITERIA

PROPERTY TYPE

15-30 acres of land zoned to develop multifamily
Approximately 264-360 apartment units per development
3-4 story garden-style buildings with surface parking

INVESTMENT SIZE

$50M to $100M development cost

LEVERAGE

60-70% LTC
Preference for Regional Bank
Life Company, Regional Banks and debt funds considered in a competitive process

TARGET RETURN

17-20% IRR (net of fees and promote gross of tax)

TYPICAL HOLD PERIOD

36 months

TARGET METROS

Southeast United States and Texas Broader markets of Houston, Dallas, San Antonio, Atlanta, Raleigh, Charlotte, Tampa, Orlando and West Palm Beach

Regenerated or repositioned submarkets of 18-hour cities with strong population, employment and household income growth

LOCATION CRITERIA

Major MSAs, secondary, and tertiary markets in the Sunbelt Region. Near major transportation corridors, employment centers, hospitality, schools. Proximity to local amenities such as grocery stores and other retail. Critical infrastructure in-place (especially water/sewer) No wetlands and not located in flood zone.

SUBMARKET

Supply constrained submarkets or neighborhoods with high barriers to entry.

Stable and diverse employers with attractive job growth rate and household income levels

Above 90% submarket occupancy with sustained positive net absorption and rental growth for past 3 years

Industry Relationships

One Real Estate Investment has deep relationships with a broad network of real estate professionals, including lenders, brokers, architects, engineers, and contractors. This allows OREI to stay ahead of market trends, identify high-potential development sites, streamline approval processes, and efficiently execute ground-up multifamily projects. By collaborating with the best in the industry, we ensure each development is designed, built, and delivered to meet market demand while maximizing long-term value.

Conservative Underwriting

Our underwriting process ensures each development project is financially sound and resilient to market fluctuations. We analyze land acquisition costs, construction expenses, lease-up timelines, and projected rents to accurately assess investment potential. By incorporating conservative pro formas and maintaining contingency reserves, we mitigate risk while maximizing long-term returns. Our disciplined approach ensures that every project is positioned for financial success from inception through stabilization.

Decision
Making

We take a strategic, data-driven approach to multifamily development, identifying high-potential locations through market research and demographic analysis. By evaluating factors such as population growth, employment trends, and rental demand, we ensure each project is positioned for long-term success. Our team carefully determines the optimal unit mix, amenity offerings, and site layout to maximize value and attract tenants. Through efficient planning, cost management, and execution, we create high-quality communities that meet market needs and generate strong returns.