Athene Capital

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Our Approach

ATHENE WORKFORCE HOUSING PLATFORM
(“THE PLATFORM”)
  • The primary investment objective of the Platform is to achieve superior risk-adjusted returns on invested capital through Core+ and Value-Add investments in Workforce Housing communities located in secondary markets throughout the Midwest, Mid-Atlantic (excluding New England), and Southeast regions of the United States.
  • The Platform will utilize moderate portfolio leverage, not expected to exceed 75% of the value of the Platform’s investments in aggregate and acquire a portfolio of real estate investments that Athene believes can generate a Platform level net Internal Rate of Return (“IRR”) of no less than 18%, respectively.
INVESTMENT STRATEGY
  • Our strategy is to create an institutional quality portfolio of Class B apartment communities, utilizing our experience, operational expertise, relationships, and value-add renovation network for qualified investors. As a workforce housing specialist, we remain committed to pursuing new opportunities to innovate in this fragmented multifamily market. Key components of our strategy include:
  • Identify apartment communities in well-located markets that have temporary or correctable flaws in the physical attributes, capital structures, tenancy and/or market position.
  • Enhance Class B and Class C properties and create institutional quality properties by initiating strategic Core+ and value-add repositioning and capital improvement projects.
  • Meet the demand for quality workforce housing as the country grows and fewer people choose or can afford to live in single-family homes.
OUR STRENGTHS
  • Athene brings nearly 50 years of combined experience and a track record of generating strong investor returns in the workforce housing multifamily sector.
  • Deep industry relationships, extensive market knowledge, and insight by underwriting and evaluating over $1.5B in multifamily assets.
  • Established history of successfully planning and executing the value-add renovations and environmental improvements to over 15,000 apartments over multiple cycles and across all regions of the United States.
  • Strong and seasoned management team.