Sentences with phrase «high vacancy portfolios»
They target above - average appreciation by focusing on the opportunistic acquisition of high vacancy portfolios, usually requiring modernization & renovation to enhance rents.
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This, and the high (but steadily reducing) vacancy rate of 22 %, really highlights the huge embedded potential in SRE's portfolio.
Again, this is due to the typical acquisition strategy — the purchase of large municipal / housing apartment portfolios, with a high level of vacancies & required refurbishment, offers significant purchase discounts.
With this much leverage, your Debt Coverage Ratios can potentially get very thin, and multiplying this across an entire portfolio of properties financed in such a fashion, the risk is very high that a confluence of issues with the economy / rents, large capital repairs, high vacancies, etc., can bring down the house of cards and ruin your credit for a long time.