|Perspective guides investing.
Grubb Properties’ mission is to create places to live and work that inspire community, enables mobility, encourages wellbeing and delivers value. We invest in branded, moderate-priced rental housing and value-oriented office properties with land that can be converted to Link Apartments® sites through zoning and shared parking.
This real estate investment strategy provides a solid, defensive investment thesis as a result of its demographic-driven demand strategy and is proven by a long and consistently strong fund track record.
QUICK STATS
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Total real estate assets under management
Total real estate assets under management as of March 31, 2024.
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Value upon sale
Since 2002, we have realized 43 of those investments, totaling over $1.6 billion in value upon sale.
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Gross weighted average IRR
Achieving a 2.0x equity multiple at the property level and utilizing less than 52% property level leverage at the time of sale.
STRATEGY
Our strategy focuses on delivering essential housing, which we believe to be one of the most resilient and undersupplied asset classes in the U.S. today.
Essential housing can reach a large renter base that is drastically underserved by the majority of multifamily housing being built today.
Essential housing is desperately needed in both gateway markets and high-growth urban areas. Gateway markets, like Los Angeles, the Bay Area and New York City, have experienced decades of housing challenges. Essential housing can add an important segment of housing supply by providing a quality housing option in desirable neighborhoods for those earning 60-140% of area median income.
The growing need for essential housing, combined with Grubb Properties’ years of work and focus in refining this alternative asset class, has us well-positioned as we navigate the housing affordability crisis. We believe that providing essential housing is imperative for the success of our urban communities.
Link ApartmentsSM
We pursue Essential Housing through our Link ApartmentsSM brand – an efficient and scalable apartment product – to help fill the growing U.S. housing gap. Our focus is on location, seeking out urban, transit-oriented locations close to major fixed employers of essential workers (e.g., universities, innovation hubs and medical centers). We then access these renters at a price point affordable to residents earning 60-140% of the area median income.
Market Identification Strategy
Our market identification strategy focuses on two types of US markets, positioning us for maximum success.
Resilient – Major U.S. markets such as Denver, Los Angeles, New York, San Francisco and Washington D.C., have a demonstrated history of lower correlation to traditional economic cycles. In these markets, new supply has slowed, exacerbating the housing crisis, leading to future rental opportunity.
Growth – Secondary U.S. markets such as Atlanta, Charlotte, Nashville, and Raleigh are usually more cyclical, but we believe with substantially higher growth dynamics during expansions.
ACTIVE MARKETS
- Resilient
- Growth
Tier 1 - Resilient
- Los Angeles
- Bay Area
- Los Angeles
- Los Angeles
- Los Angeles
- Los Angeles
- Washington, DC Metro Area
- New York
- Washington, DC Metro Area
- Bay Area
- Denver
Tier 2 - Growth
- Charlotte
- Memphis
- Atlanta
- Charleston
- Greenville
- Raleigh-Durham
- Chapel Hill
- Chapel Hill
- Winston-Salem
- Winston-Salem
- Charlotte
- Richmond
- Chapel Hill
- Raleigh-Durham
- Charlotte
- Triad
- Atlanta
- Charlotte
- Atlanta
- Charlotte
- Chapel Hill
Charlotte
| Property | Size | Asset Type |
| Link Apartments® CYKEL | Multifamily | 104 units |
| Link Apartments® Mint Street | Multifamily | 259 units |
| Link Apartments® Montford Ph I | Multifamily | 288 units |
| Link Apartments® Montford Ph II | Multifamily | 265 units |
| 1515 Montford Park | Commercial | 123,115 sq ft |
| 4601 Park Road | Commercial | 118,650 sq ft |
| Elizabeth Avenue 1523/1535 | Commercial | 48,905 sq ft |
| NoDa at 36th | Commercial | 128,000 sq ft |
| Link Apartments® NoDa at 36th Ph I | Multifamily | 292 units |
| Link Apartments® NoDa at 36th Ph II | Multifamily | 242 units |
Los Angeles
| Property | Size | Asset Type |
| Link Apartments® Santa Monica | Multifamily | 99 units |
| Link Apartments® Korella | Multifamily | 77 units |
| Link Apartments® Kora | Multifamily | 228 units |
| Link Apartments® NoHo | Multifamily | 125 units |
| Link Apartments® Solana | Multifamily | 70 units |
Bay Area
| Property | Size | Asset Type |
| Link Apartments® Blake | Multifamily | 212 units |
| Link Apartments® Four12 | Multifamily | 157 units |
| Link Apartments® Palo Alto | Multifamily | 102 units |
Los Angeles
| Property | Size | Asset Type |
| Link Apartments® Santa Monica | Multifamily | 99 units |
| Link Apartments® Korella | Multifamily | 77 units |
| Link Apartments® Kora | Multifamily | 228 units |
| Link Apartments® NoHo | Multifamily | 125 units |
| Link Apartments® Solana | Multifamily | 70 units |
Los Angeles
| Property | Size | Asset Type |
| Link Apartments® Santa Monica | Multifamily | 99 units |
| Link Apartments® Korella | Multifamily | 77 units |
| Link Apartments® Kora | Multifamily | 228 units |
| Link Apartments® NoHo | Multifamily | 125 units |
| Link Apartments® Solana | Multifamily | 70 units |
Los Angeles
| Property | Size | Asset Type |
| Link Apartments® Santa Monica | Multifamily | 99 units |
| Link Apartments® Korella | Multifamily | 77 units |
| Link Apartments® Kora | Multifamily | 228 units |
| Link Apartments® NoHo | Multifamily | 125 units |
| Link Apartments® Solana | Multifamily | 70 units |
Los Angeles
| Property | Size | Asset Type |
| Link Apartments® Santa Monica | Multifamily | 99 units |
| Link Apartments® Korella | Multifamily | 77 units |
| Link Apartments® Kora | Multifamily | 228 units |
| Link Apartments® NoHo | Multifamily | 125 units |
| Link Apartments® Solana | Multifamily | 70 units |
Memphis
| Property | Size | Asset Type |
| Link Apartments® Broad Ave | Multifamily | 370 units |
Atlanta
| Property | Size | Asset Type |
| Link Apartments® Grant Park | Multifamily | 246 units |
| 2400 Lake Park | Commercial | 104,694 sq ft |
| Link Apartments® Canvas | Multifamily | 217 units |
| The Park at Perimeter Center East | Commercial | 284,538 sq ft |
Charleston
| Property | Size | Asset Type |
| Link Apartments® Mixon | Multifamily | 358 units |
Greenville
| Property | Size | Asset Type |
| Link Apartments® West End | Multifamily | 215 units |
Raleigh-Durham
| Property | Size | Asset Type |
| Link Apartments® Glenwood South | Multifamily | 204 units |
| Edinburgh Cary Office | Commercial | 134,017 sq ft |
| Harrison Cary Office | Commercial | 30,352 sq ft |
Chapel Hill
| Property | Size | Asset Type |
| Link Apartments® Linden | Multifamily | 215 units |
| Link Apartments® Calyx | Multifamily | 305 units |
| Gwendolyn Office Building | Commercial | 106,000 sq ft |
| Glen Lennox Shopping Center | Commercial | 26,032 sq ft |
| Glen Lennox Apartments | Multifamily | 356 units |
| 137 E Franklin | Commercial | 118,517 sq ft |
| UNC Office / Lab | Commercial | 237,000 sq ft |
| Link Apartments® Rosemary | Multifamily | 165 units |
Chapel Hill
| Property | Size | Asset Type |
| Link Apartments® Linden | Multifamily | 215 units |
| Link Apartments® Calyx | Multifamily | 305 units |
| Gwendolyn Office Building | Commercial | 106,000 sq ft |
| Glen Lennox Shopping Center | Commercial | 26,032 sq ft |
| Glen Lennox Apartments | Multifamily | 356 units |
| 137 E Franklin | Commercial | 118,517 sq ft |
| UNC Office / Lab | Commercial | 237,000 sq ft |
| Link Apartments® Rosemary | Multifamily | 165 units |
Winston-Salem
| Property | Size | Asset Type |
| Link Apartments® Brookstown | Multifamily | 205 units |
| Link Apartments® Innovation Quarter | Multifamily | 344 units |
Winston-Salem
| Property | Size | Asset Type |
| Link Apartments® Brookstown | Multifamily | 205 units |
| Link Apartments® Innovation Quarter | Multifamily | 344 units |
Charlotte
| Property | Size | Asset Type |
| Link Apartments® CYKEL | Multifamily | 104 units |
| Link Apartments® Mint Street | Multifamily | 259 units |
| Link Apartments® Montford Ph I | Multifamily | 288 units |
| Link Apartments® Montford Ph II | Multifamily | 265 units |
| 1515 Montford Park | Commercial | 123,115 sq ft |
| 4601 Park Road | Commercial | 118,650 sq ft |
| Elizabeth Avenue 1523/1535 | Commercial | 48,905 sq ft |
| NoDa at 36th | Commercial | 128,000 sq ft |
| Link Apartments® NoDa at 36th Ph I | Multifamily | 292 units |
| Link Apartments® NoDa at 36th Ph II | Multifamily | 242 units |
Richmond
| Property | Size | Asset Type |
| Link Apartments® Manchester | Multifamily | 187 units |
Washington, DC Metro Area
| Property | Size | Asset Type |
| Link Apartments® H Street | Multifamily | 191 units |
| Argon Plaza | Commercial | 274,930 sq ft |
| Link Apartments® Rhode Island Ave | Multifamily | 234 units |
Long Island
| Property | Size | Asset Type |
| Link Apartments® QPN | Multifamily | 416 units |
New York
| Property | Size | Asset Type |
| Link Apartments® 8 Carlisle | Multifamily | 462 units |
Washington, DC Metro Area
| Property | Size | Asset Type |
| Link Apartments® H Street | Multifamily | 191 units |
| Argon Plaza | Commercial | 274,930 sq ft |
| Link Apartments® Rhode Island Ave | Multifamily | 234 units |
Chapel Hill
| Property | Size | Asset Type |
| Link Apartments® Linden | Multifamily | 215 units |
| Link Apartments® Calyx | Multifamily | 305 units |
| Gwendolyn Office Building | Commercial | 106,000 sq ft |
| Glen Lennox Shopping Center | Commercial | 26,032 sq ft |
| Glen Lennox Apartments | Multifamily | 356 units |
| 137 E Franklin | Commercial | 118,517 sq ft |
| UNC Office / Lab | Commercial | 237,000 sq ft |
| Link Apartments® Rosemary | Multifamily | 165 units |
Raleigh-Durham
| Property | Size | Asset Type |
| Link Apartments® Glenwood South | Multifamily | 204 units |
| Edinburgh Cary Office | Commercial | 134,017 sq ft |
| Harrison Cary Office | Commercial | 30,352 sq ft |
Charlotte
| Property | Size | Asset Type |
| Link Apartments® CYKEL | Multifamily | 104 units |
| Link Apartments® Mint Street | Multifamily | 259 units |
| Link Apartments® Montford Ph I | Multifamily | 288 units |
| Link Apartments® Montford Ph II | Multifamily | 265 units |
| 1515 Montford Park | Commercial | 123,115 sq ft |
| 4601 Park Road | Commercial | 118,650 sq ft |
| Elizabeth Avenue 1523/1535 | Commercial | 48,905 sq ft |
| NoDa at 36th | Commercial | 128,000 sq ft |
| Link Apartments® NoDa at 36th Ph I | Multifamily | 292 units |
| Link Apartments® NoDa at 36th Ph II | Multifamily | 242 units |
Triad
| Property | Size | Asset Type |
| Triad Center | Commercial | 394,600 sq ft |
| Link Apartments® 4th Street | Multifamily | 224 units |
Atlanta
| Property | Size | Asset Type |
| Link Apartments® Grant Park | Multifamily | 246 units |
| 2400 Lake Park | Commercial | 104,694 sq ft |
| Link Apartments® Canvas | Multifamily | 217 units |
| The Park at Perimeter Center East | Commercial | 284,538 sq ft |
Charlotte
| Property | Size | Asset Type |
| Link Apartments® CYKEL | Multifamily | 104 units |
| Link Apartments® Mint Street | Multifamily | 259 units |
| Link Apartments® Montford Ph I | Multifamily | 288 units |
| Link Apartments® Montford Ph II | Multifamily | 265 units |
| 1515 Montford Park | Commercial | 123,115 sq ft |
| 4601 Park Road | Commercial | 118,650 sq ft |
| Elizabeth Avenue 1523/1535 | Commercial | 48,905 sq ft |
| NoDa at 36th | Commercial | 128,000 sq ft |
| Link Apartments® NoDa at 36th Ph I | Multifamily | 292 units |
| Link Apartments® NoDa at 36th Ph II | Multifamily | 242 units |
Atlanta
| Property | Size | Asset Type |
| Link Apartments® Grant Park | Multifamily | 246 units |
| 2400 Lake Park | Commercial | 104,694 sq ft |
| Link Apartments® Canvas | Multifamily | 217 units |
| The Park at Perimeter Center East | Commercial | 284,538 sq ft |
Bay Area
| Property | Size | Asset Type |
| Link Apartments® Blake | Multifamily | 212 units |
| Link Apartments® Four12 | Multifamily | 157 units |
| Link Apartments® Palo Alto | Multifamily | 102 units |
Denver
| Property | Size | Asset Type |
| Fitz | Multifamily | 405 units |
Charlotte
| Property | Size | Asset Type |
| Link Apartments® CYKEL | Multifamily | 104 units |
| Link Apartments® Mint Street | Multifamily | 259 units |
| Link Apartments® Montford Ph I | Multifamily | 288 units |
| Link Apartments® Montford Ph II | Multifamily | 265 units |
| 1515 Montford Park | Commercial | 123,115 sq ft |
| 4601 Park Road | Commercial | 118,650 sq ft |
| Elizabeth Avenue 1523/1535 | Commercial | 48,905 sq ft |
| NoDa at 36th | Commercial | 128,000 sq ft |
| Link Apartments® NoDa at 36th Ph I | Multifamily | 292 units |
| Link Apartments® NoDa at 36th Ph II | Multifamily | 242 units |
Chapel Hill
| Property | Size | Asset Type |
| Link Apartments® Linden | Multifamily | 215 units |
| Link Apartments® Calyx | Multifamily | 305 units |
| Gwendolyn Office Building | Commercial | 106,000 sq ft |
| Glen Lennox Shopping Center | Commercial | 26,032 sq ft |
| Glen Lennox Apartments | Multifamily | 356 units |
| 137 E Franklin | Commercial | 118,517 sq ft |
| UNC Office / Lab | Commercial | 237,000 sq ft |
| Link Apartments® Rosemary | Multifamily | 165 units |
INVESTOR EXPERIENCE
Expect a higher level of service.
We believe outstanding personal attention is one reason many of our investors have been with us for years.
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