Main Street Associates purchases multi-family apartment complexes in select cities. The company purchases only those complexes that offer a value added opportunity. This opportunity could be the result of high vacancy, high overhead costs, physical deterioration causing low rents or poor management. Through intensive, close management, the company can quickly improve the property, increasing occupancy and rental rates thereby greatly enhancing the property’s cash flow and value. Most acquisitions of multi-family properties are purchase with the anticipation of long term hold.
Main Street Associates purchases single family residential real estate that is in a distress situation. This distress can be financial, physical or managerial. After the purchase, Main Street Associates quickly corrects the distress situation and creatively remarkets the property. The company’s main interest is to divest of the property quickly but will hold in some cases.