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Striker Capital, LLC (and its affiliates, collectively “Striker Capital”) is a privately held real estate investment firm based in Southern California. Our primary focus is value-add multifamily real estate and our strategy is centered on the acquisition, recapitalization, repositioning, or renovation of select opportunities in high-growth, secondary and tertiary markets in Western United States.
STRATEGY
Striker Capital’s strategy is to pursue properties that require capital improvements and improved management to unlock their upside potential. We are committed to target markets in the Western U.S. that exhibit strong fundamentals such as population growth, job growth, increasing rental trends, attractive lifestyle features, supply constraints, supportive state governments, a healthy regional economic climate, and a local commitment to infrastructure and economic development. Assets are purchased with below-market rents and are brought up to market once capital improvements are completed, so as to not rely solely on market rent growth. We work tirelessly to source mis-managed opportunities that are privately held by 'mom and pop' motivated sellers, who leave significant opportunity for repositioning and strong upside potential. This is done off-market either directly with the sellers, or through our broker relationships which are paramount to our success. We also partner with best-in-class construction teams, property management companies, and local vendors in each market to improve property infrastructure and operations, with the objective to maximize our risk-adjusted returns. Striker Capital’s diligently executed strategy results in stable, high yield passive cash flow and long term capital appreciation. We target overall returns of 10-17% and target dividends of 6-12% annually. The hold period is typically 3-7 years.
CRITERIA
Markets:
Established Western US markets with strong employment drivers and demographics. Projections of further growth and strong affordability, with barriers to future supply.
Property Type:
Multifamily - Garden Style
Asset Class:
B+ to C
Location Quality:
A to C+
Size:
25-150 Units; $2 - $20 million
Characteristics:
Vintage: Preference is 1978 and newer, but will consider all age properties. Value-Add component: Assets with operational and physical repositioning opportunities.
ABOUT
Striker Capital was established in coastal Southern California, by veteran real estate investor and Managing Partner, Brian Mollo. In the most basic sense, Striker Capital is a value investor focused on identifying under-performing properties. We feel private real estate is the most appealing of all investment asset classes due to some of its unique qualities: steady income and attractive overall returns, diversification, low correlation to the stock market, its potential as an inflation hedge, and its tax advantages. We invest on our own account and in partnership with high-net worth individuals, family offices, and RIA’s. This is a great responsibility that is not taken lightly; this type of structure aligns our interests as managers with each investor. We commit to working relentlessly and carefully on each opportunity so we can meet or exceed expectations, and it’s a complete team effort to work collaboratively to deliver successful results for our investors. We operate with integrity, a high degree of operational transparency, strong attention to detail, and with an entrepreneurial spirit and set of core values. These qualities, coupled with our value-add real estate knowledge and experience uniquely qualifies us to recognize, react to, and capitalize on opportunities that endeavor to outperform the real estate market, while also being adamant about capital preservation and downside protection. Our team believes in authentic, responsible real estate ownership while delivering short-term income and long-term wealth for our investors.
The Company name 'Striker' was deliberately chosen as an homage to the most important offensive position on a soccer field. The term striker derives from the fact that this player is known for the action of striking the soccer ball as they try to score a goal, just like we must ‘strike’ when we uncover a viable real estate opportunity. Here are some applicable attributes of world-class strikers that our Company relies on:
- Be leaders and effectively communicate
- Have an awareness of what's happening around them (i.e. in the market)
- Put themselves in good position to execute
- Have great patience and good timing
- Must be fast, nimble, and agile
- Skill in the ability to handle challenges and a calmness under pressure
- Must create opportunities for teammates (i.e. investors)
- Possess intangibles like positive attitudes, confidence, exceptional effort, and killer instincts
- And ultimately, a responsibility to score goals. Ole!
CONTACT
Striker Capital, LLC
10650 Scripps Ranch Boulevard, Suite 207, San Diego, CA 92131
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