Pathfinder makes opportunistic investments in multi-family real estate projects which provide an opportunity for added value.

Value-add opportunities may include properties which have been under-marketed or under-managed, those characterized by deferred maintenance and those that are candidates for cosmetic improvements. Poorly managed assets may also include those with leases signed with weak tenants and poorly structured mortgages. One of Pathfinder’s partners is an industry leader in the conversion of apartments to condominiums so these opportunities also fit with Pathfinder’s value-add strategy.

Pathfinder is also pursuing financial restructuring opportunities for multi-family properties. Pathfinder anticipates excellent acquisition opportunities involving financial restructurings in the next 24 months for multi-family properties, especially in those geographical areas that have experienced rapid price appreciation in the past several years. Among Pathfinder’s target areas for restructurings are California, Florida, Arizona, Nevada and Texas.