| Portfolio |
| Haven Cedar and its predecessor affiliates owned interests in a portfolio of more than 63,000 apartment units throughout Texas, Chicago, along the Eastern Seaboard including the Washington, DC area, Virginia to Florida, and in Nevada and Arizona, and Haven Cedar’s investment plan continues in the same general regions. The principal elements of Haven Cedar Partners’ approach to the multifamily business are: |
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Timely acquisitions of properties at reasonable current returns, at prices far enough below replacement cost such that new properties should not be able to compete with them. |
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Implementation of capital improvement and renovation programs designed both to preserve the integrity of the properties, and to permit them to rise to the top of their specific local markets, enjoying the highest rental rate increases available. |
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Maintaining the goal of excellence in property management operations, including high standards for tenant selection, prompt response to service needs, providing attractive amenities to increase marketability of properties, and providing detailed, organized programs educating and guiding management personnel in initial leasing, lease renewal, rent collection and problem solving matters. |
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Largest real estate client of Credit-Suisse by dollar volume; among largest at Deutsche Bank, Lehman Brothers, Key Bank and Wachovia. |
| Since entering the multifamily industry, the principals of Haven Cedar have earned high returns on investment for their associates through the execution of the core operating program on a consistent basis. Haven Cedar's most recent acquisition is a portfolio of three high quality communities in the Houston Medical Center area aggregating 470 units. |
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