Why

Multifamily?

Housing is essential. Demand is durable. The operating model offers multiple ways to create and preserve value.

Why

Multifamily?

Housing is essential. Demand is durable. The operating model offers multiple ways to create and preserve value.

Why

Multifamily?

Housing is essential. Demand is durable. The operating model offers multiple ways to create and preserve value.

A portfolio built around how people live.

Multifamily combines recurring housing demand with professional operations, allowing investors to participate in an asset class shaped by income, debt reduction, appreciation, and long-term demographic need.

A portfolio

built around how people live.

Multifamily combines recurring housing demand with professional operations, allowing investors to participate in an asset class shaped by income, debt reduction, appreciation, and long-term demographic need.

A portfolio built around how people live.

Multifamily combines recurring housing demand with professional operations, allowing investors to participate in an asset class shaped by income, debt reduction, appreciation, and long-term demographic need.

ACROSS UP DOWN YEARS

Apartments outperform stocks and bonds

Investing in apartments may provide monthly income with less exposure to the volatility experienced by stocks and bonds. The comparison below reflects the historical analysis presented by ACI.

Source: NCREIF, Bloomberg, Barclays, Lehman, RCG.

SEVEN-YEAR HOLDING PERIOD

Multifamily investments outperform other real estate classes

Apartments led the property types shown in the original ACI analysis, with a higher mean return and Sharpe ratio than the other categories listed.

ACROSS UP DOWN YEARS

Apartments outperform stocks and bonds

Investing in apartments may provide monthly income with less exposure to the volatility experienced by stocks and bonds. The comparison below reflects the historical analysis presented by ACI.

Source shown on original ACI page: NCREIF, Bloomberg, Barclays, Lehman, RCG.

SEVEN-YEAR HOLDING PERIOD

Multifamily investments outperform other real estate classes

Apartments led the property types shown in the original ACI analysis, with a higher mean return and Sharpe ratio than the other categories listed.

ACROSS UP DOWN YEARS

Apartments outperform stocks and bonds

Investing in apartments may provide monthly income with less exposure to the volatility experienced by stocks and bonds. The comparison below reflects the historical analysis presented by ACI.

Source shown on original ACI page: NCREIF, Bloomberg, Barclays, Lehman, RCG.

SEVEN-YEAR HOLDING PERIOD

Multifamily investmentsoutperform other real estate classes

Apartments led the property types shown in the original ACI analysis, with a higher mean return and Sharpe ratio than the other categories listed.

Tax Depreciation Strategies in Multifamily

Multifamily real estate offers several depreciation strategies that may reduce taxable income for LP investors. Each strategy operates differently, and the tax impact depends on the investor’s individual situation, the deal structure, and current tax law.

01 Cost Segregation

A cost segregation study reclassifies components of a building (flooring, cabinetry, site improvements, certain mechanical systems) into shorter depreciation schedules of 5, 7, or 15 years instead of the standard 27.5-year residential schedule. This accelerates the depreciation timeline and may generate larger deductions in the early years of a hold.

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02 Bonus Depreciation

Bonus depreciation allows a percentage of qualifying asset costs to be deducted in the year the property is placed in service, rather than spread over the asset’s full depreciable life. The applicable percentage depends on current tax law. When paired with a cost segregation study, bonus depreciation can generate meaningful paper losses that flow through to LP investors on Schedule K-1.h Font

03 Accelerated Depreciation

Beyond cost segregation and bonus depreciation, the standard 27.5-year straight-line depreciation on residential real property creates a non-cash deduction each year of ownership. For LP investors in higher tax brackets, this annual depreciation may offset a portion of distributions received, potentially reducing current-year tax liability. Font