Investment Criteria

AION has a strict investment criteria based on decades of market experience

AION Partners was founded by Michael Betancourt and Siraj Dadabhoy who collectively have over 50 years of experience investing in real estate and have been investing together since 2001. AION Partners acts as Operating Partner on core-plus, value-add, and opportunistic real estate investments across the U.S. Since inception, AION has acquired and operated a $1.9 billion portfolio of multifamily assets comprised of 53 properties. AION’s current portfolio consists of 11,083 apartments across 34 communities, located primarily in the greater Mid-Atlantic region of the U.S.

The Team identifies and capitalizes acquisitions by tapping an exclusive, established network of high net worth individuals and institutional partners for equity. On a historical basis, all deals were capitalized on a deal-by-deal basis.

To create a diversified platform for AION’s investors and build off it’s 10 year track record of investing in multi-family properties, AION successfully closed its first discretionary vehicle with $52MM of committed capital in 2019. AION has invested in workforce housing assets across the United States, including the Sun Belt, and has chosen to focus on the Mid-Atlantic Region given its favorable market characteristics.

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Acquire

Discount to Replacement Cost, High Barrier to Entry Markets
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Lever

Attractive Agency Financing, Efficient Capital Structures

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Enhance

Targeted Capital Expenditures, Aggressive Leasing
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Return

Disposition, Refinance, or Recapitalization

Investment Criteria

Region Primarily the Northeast and Southeast regions of the United States with the ability to invest outside of these regions
Asset Type Class B and C Multifamily Properties
Asset Size 100+ Units
Investment Strategy Value-Add and Core-Plus
Key Criteria Discount to replacement cost
Non-institutional seller(s)
Ability to implement CAPEX enhancement projects
Ability to renovate units to achieve strong rental increases
Ancillary fee income opportunities
Utility recovery opportunities
Mark-to-Market opportunities
CAP Rates 5% – 7%
Leverage Not to exceed 70% Loan-to-Cost
Concentration No one investment will make up more than 25% of the committed equity
Portfolio Target Returns 15%-18% Gross Levered IRR; 5% – 8% Cash-on-Cash Yield
Deal Size $10,000,000 – $250,000,000