2024 was a transformative year for LSCRE. Despite a challenging market marked by high interest rates and reduced transaction volume, we acquired over $200M in multifamily real estate, focusing on high-quality, newer assets. We’ve leaned into vertical integration with our in-house property management team, growing our portfolio to 3,000+ units and 80+ employees.

LSCRE successfully acquired Verandas at Bear Creek in 2019 for $11.5M, and through operational improvements and a modest capex spend, reached 100% occupancy in less than 12 months. The property was recently sold for $17.5M, delivering a 30.5% IRR for investors and showcasing LSCRE’s ability to under-promise and overdeliver.

Structuring and Raising Debt & Equity

Real estate capital calls and risk mitigation: Capital calls in real estate can indicate problems with a property or market, but well-capitalized investors can help work towards a solution. To avoid capital calls, focus on conservative underwriting, maintaining reserves and contingencies, and investing in strong growth markets.