Our Business

We acquire, renovate and operate properties that have been under-utilized or mismanaged, investing capital to maximize their potential and create positive environments for those who live and work there.

Project Lifecycle

Identification
Acquisition & Closing
Renovation
Stabilization
Refinance & Exit

Smither Capital selects investment properties based on an extensive due diligence process including financial audits, property inspection and sub-market area analysis.

Experienced Property Management is to manage, maintain, and market the property and identify opportunities to optimize rental rates and cash flow to the investors.

Investors are provided with monthly reports that cover financial performance and progress on the plans set forth in the property package to drive cash flow and value.

Up front disposition plan. At acquisition, a disposition plan is developed setting appreciation goals and providing investors with a liquidation schedule for their investment.

Increase Asset Value

Improve &
Renovate
Increase
Rent
Asset
Value
Reduce
Vacancy
Decrease
Expenses

Increasing the income and value of our client’s assets.

1. Set Goals and Expectations
Income Goals, Rent Goals, Ownership Involvement

2. Create Asset Plan
Tenant Quality Increase, Marketing Strategy, Property Updates, Construction Plan

3. Execute
Complete Construction, Increase Rents, Decrease Expenses, Unit Refreshes, Online Leases and Payments

4. Evaluate
Transparent Weekly Reporting, Comprehensive Monthly Reporting, Calls with Ownership, Evaluate Goals and Expectations

Exit Strategies

Cash Flow

Stress testing and scenario analysis are conducted prior to purchase as part of an effort to prepare for economic downturns. Properties must continue to cash flow to both cover debt and operating expenses, as well as providing an ongoing annual preferred return for investors.

Refinance

As the property has increased in value and Net Operating Income (NOI), refinance is a great option to convert property's equity into cash. Returning investors a portion of their initial capital.

Sale

Smither Capital’s Value Add approach seeks to drive appreciation for shorter holding periods and increased gains, providing investors additional return on sale.