Welcome to David Wesley Real Estate
We are currently purchasing underperforming, multifamily assets in New England, North Carolina, and Florida.
We purchase assets with low vacancy and rebrand them so we can create a safe, clean and hospitable environment for tenants. We then seek to creatively reduce expenses through quality management and repairs.
- Purchase & Rebrand
- Perform all deferred maintenance
- Reduce expenses and raise rent to market rate
- Hold Long Term
We purchase B and C properties that have the potential for adding value through raising rents and streamlining operations that are located next to manufacturing and retail locations. We are looking for properties that contain:
- Between 25 & 200 units
- Unit mix predominantly 2 bedrooms
- Deferred maintenance
- Vacancy rate higher than market average