Lowry Hill Capital
Lowry Hill Capital
Company Overview
Lowry Hill Capital is a real estate investment firm based in Minneapolis, MN. We specialize in value-add multifamily buildings in the Twin Cities area. Lowry Hill Capital is dedicated to creating sustainable, long-term investor value. We seek to acquire overlooked assets with strong underlying fundamentals, but require a hands on approach. We believe in maximizing investor returns with a detailed focus on wealth preservation. Our team holds a unique level of expertise, as we have been investing in, and managing real estate for nearly two decades. Our team brings a well rounded, in depth value-add execution in all avenues such as renovation, lease-up, expansion, space activation, and re-positioning. Why Lowry Hill Capital? -Personnel: Experienced real estate team dedicated to investor -Market: Twin Cities & surrounding areas have undervalued assets -Deal Structure: Investor gets paid first, Lowry Hill second -Approach: Conservatively aggressive = Maximize returns while hedging downside -Fundamentals: Strict criteria in acquisition process to ensure maximum returns Investment Criteria: Asset Type: Class A,B,C Multifamily Hold Period: 3-5 Years Location: Minneapolis-St.Paul & the Metro Area (MN) Target IRR: 18% - 20% Target Multiple: 2x - 3x
Products & Services
Anoka Multifamily Portfolio
The Anoka/Champlin portfolio is comprised of ten properties with a total of 115 units. This portfolio features a desirable unit mix of primarily two-bedroom units with many capital improvements including: granite countertops (about 92 units), LVP flooring (about 29 units), updated equipment, updated roofs, updated windows, and newly poured concrete parking lots. In addition to the current capital improvements, this is a value-add portfolio. Standard in-unit improvements (roughly $12k per unit) will demand $200-$300 higher rents per unit for the hold period. Investment Strategy & Projections: Asset Type: Class B Multifamily Location: Anoka, MN Hold Period: 5 Years IRR: 19% Multiple: 2,2x
Team
Annie H
MANAGING DIRECTOR FINANCIAL OFFICER
Annie H...... grew up in Salinas, CA and spent most of her life on the West Coast. She has worked in corporate finance and accounting for the last ten...
David H
SENIOR FINANCIAL ANALYST
David H...... is a native to Plymouth, MN where he was born and raised. He played division 1 basketball at Cal Poly. Prior to joining Lowry Hill, he c...
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