Honing Your Multifamily Value-Add Strategy

Quinn: “We take an ‘institutional’ approach to each asset by repositioning undermanaged, undercapitalized properties with extensive renovation programs that materially alter a property’s profile, tenant appeal, marketability and value.”

SAN DIEGO—Pathfinder Partners’ value-add renovations are focused on providing renters with what they want, but more importantly, what they will actually use, VP Matt Quinn tells GlobeSt.com. Since the firm opened in 2006, it has acquired or sold more than $1 billion in real estate, most of it value-add multifamily property. The company’s strategy has included renovating and rebranding multifamily and single-family communities that had stalled during the economic downturn, as well as upgrading apartment buildings built in the 1970s and ’80s. We spoke with Quinn about some of Pathfinder’s recent multifamily acquisitions, including the Shores in Breckenridge, Co.; Aderra in Phoenix; Sky Las Vegas; and the Habitat in Portland—and his company’s value-add strategy.

The Shores at Breckenridge