Toro Real Estate Partners

Overview

Toro Real Estate Partners is a private equity firm specializing in multifamily real estate investments across the United States. The firm focuses on acquiring apartment communities with 150 or more units, built in the 1980s or newer, in growing Southeastern and Midwestern markets. They target properties with value-add potential, aiming to enhance income through operational improvements and capital investments. Their acquisition criteria include total transaction sizes ranging from $10 million to $75 million, with equity requirements between $3 million and $30 million. Toro Real Estate Partners emphasizes a hands-on approach, co-investing in all deals to align interests with their investors. They prioritize transparency and clarity in their investment structures, fostering long-term partnerships. The firm's strategy is to select cities with growing economies and demographics, aiming to force appreciation in all their assets. They focus on properties with a great basis, allowing them to sell below market and still generate a return. Toro Real Estate Partners has acquired over 3,945 units across 23 properties, with more than 100 repeat investors and over 40 years of combined experience. Their investment philosophy centers on providing high-quality investment opportunities that offer above-market returns while mitigating downside risk. They avoid debt in their acquisitions, purchase properties with no construction requirements, and target growing locations with limited supply to capitalize on the principle of supply and demand. Their target returns include an 8% preferred return and projected returns between 12% and 20%.

Investment Focus

• Accredited investors only
• Commitment to long-term investment horizon