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Investors

Investors

INVESTORS

NRED is uniquely positioned for strong growth with demonstrated
experience weathering market conditions and cycles for the last four decades.

We have benefited from a sophisticated acquisition and finance discipline coupled with a leading edge, value-add management platform while adhering to a consistent investment approach that focuses on:

  • Macro and micro market analysis with an emphasis on demographic and economic trends
  • Physical product attributes on an absolute and relative basis
  • Replacement cost analysis and supply considerations
  • Pricing inefficiencies and relative value in our chosen markets
  • Prudent and accretive leverage
  • Asset management that enhances and preserves value

INVESTMENT TRACK RECORD

17,665

Units acquired at a total cost of $1.2 billion

61

Realized and unrealized investments to date

27.2%

Gross IRR / 3.2x Gross MOIC on $357 million equity

$466.4

Million distributed to date

OPERATIONAL EXCELLENCE

At NRED, we deliver exceptional returns by doing the right thing every time. This means doing right by our employees and residents.

Property managers have an average tenure of 6.7 years, 3 years higher than the multifamily industry national average. NRED employees report:

  • High levels of job satisfaction (8.9 out of 10)
  • Highly likely to recommend NRED to a friend looking for a new job (9.0 out of 10)
  • Highly likely to recommend an NRED property to a friend or family member (9.1 out of 10)

 

Source: National Apartment Association Best Places To Work Survey, Q1 2021; questions based on a 10-point scale

Since Q1 2019, NRED portfolio occupancy has been 93 basis points higher than competitors in same markets. That’s almost 1% better – delivering industry-leading Net Operating Income across the board.

Since Q3 2019, NRED’s TALi scores are 5.6% above the national industry average, reflecting our industry-leading resident loyalty.

The TALi score is an objective national multifamily industry benchmarking system that measures the likelihood of a resident moving to another property with the same management. It is reported by J Turner Research, the industry-leading reputation management firm.

Over the past three years, NRED’s ORA™ score has been 9.4% higher than the national multifamily average, reflecting our industry-leading online reputation with resident and prospects.

The Online Reputation Assessment (ORA™) score is the multifamily industry objective standard to measure and benchmark a property’s online reputation with residents and prospects. It is reported by J Turner Research, the industry-leading reputation management firm. The ORA™ statistical model aggregates online ratings and reviews for over 122,000 properties across multiple review sites.