Featured Property

Woodlake Self-Storage

4500 Lipscomb St, Palm Bay, FL 32905

Purchased March, 2016

4 Buildings, 195 Units, 33,100 Total Square Feet

Contact Acquisitions with  opportunities

SELF-STORAGE FACILITIES


  • 250+ units (case by case specific)
  • 8,000 per day traffic count
  • Population of 15,000
  • Stabilized Business (85% occupancy).
    • We do consider under preforming  Facilities in some cases.
  • Class A, B, and C type properties
  • Stable or Emerging Markets
  • Value Added components:
    • Under market rents increasing Physical Occupancy
    • Decreasing the Economic Vacancy
    • Extra land to expand
    • Adding multiple income streams for example:  U-Haul rental services, retail moving supplies, copy centers, Fed-Ex, etc.
    • Drop off center
    • Adding outside vehicle storage.

MUITI-FAMILY APARTMENT BUILDINGS


  • A minimum of 150 units
  • Class C and B properties in C & B type markets
  • Properties in Emerging Markets only 
  • Stabilized Properties 85% occupied
  • Properties located in the Path of Progress of  the target market
  • Minimum deferred maintenance.
  • Value Added components:
    • Increasing market rents
    • Poor management practices
    • Increasing occupancy
    • Opportunitiesof adding additional income streams

investment criteria


Home Star Properties LLC. specializes in locating, purchasing, and managing Self-Storage Facilities and Multi-Family Apartment Buildings. Our approach to these processes are conservative in nature so to greatly increase our probability in obtaining a higher rate of return on our investments. We also seek to capitalize on the "value added" component  we identify for each property, thus greatly increasing our returns after our average holding period of 5 years.Here is an overview of the criteria we use when considering adding a property to our ever growing Portfolio.

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