Rapid Renovation Program
RUME’s proprietary repositioning strategy that entails renovating multiple interior apartment units in a day while keeping it occupied. Exterior and amenity areas are simultaneously completed.
RUME leads the industry in our proven three-prong strategic approach:
Utilizes our proprietary CORR program to rapidly increase value of assets.
Can renovate up to four units in one day while remaining tenant-occupied.
Concurrent to interiors, RUME also renovates exterior and amenity spaces.
Properties may be stabilized or not, but must be well located that check the area fundamentals needed for our business plan to succeed.
Optimize operations with our proven Property Management systems and processes.
Can employ our CORR improvement strategy with lower capital outlay typically on newer vintage properties to optimize yield on cost.
May Include renovating interiors, exteriors and/or common areas. Capital is deployed where needed to drive best value.
Drives value while protecting overall basis.
Leverages our network of partnerships with institutional investors, local landowners, non-profit organizations, and local governments.
Builds state-of-the-art apartment rental communities in strategic core locations.
Delivers institutional-quality rental communities and holding through stabilization.
Can include adaptive re-use conversations ie. office buildings to apartment and mixed use communities.
RUME works to add value during the holding period and then seeks to exit within 3 to 7 years from acquisition.
Along with driving the bottom line for our investments and investors, RUME implements the
following measures to manage risk and protect capital:
Enhanced Value Through
Program decreases vacancy loss during repositioning while achieving new stabilized value in shorter period of time.
We leverage mobile labor force to ensure timely and cost-efficient completion of projects.
Interest rates and lease-up risks are reduced while income growth is accelerated.
CORR features a comprehensive integrated management system that monitors property operations.
Program provides protection against losses by tracking compliance.
We have a proven track record of success with 60+ years of collective real estate experience.
We are focused on certainty of execution with a rigorous underwriting process to ensure fundamentals and value-add strategies are in place.
We have the ability to drive performance through hands-on approach with third-party teams and increased returns from option premiums.
We provide more affordable, quality-renovated options for tenants.
Our value-add reposition strategy addresses shortage of affordable housing driving demand in the United States.
RUME’s fully integrated platform includes seven
distinct verticals that work in lockstep with one
another to optimize asset performance and