The Income Properties Group of SPI invests in, rehabilitates and operates conventionally financed apartment communities. Income Properties has acquired over $1.1 billion of property since 2000 and presently oversees a portfolio of nearly 6,000 apartments with an estimated value of over $1.5 billion located in five western states. The focus of Income Properties is primarily three asset classes – core, value add, and opportunistic distressed assets.
Income Properties targets key market characteristics that have a high correlation with property value growth. In conjunction with professional rehabilitation execution, Income Properties has delivered property level internal rates of return well in excess of 20%. The Income Properties Group is currently expanding into existing and new markets and actively seeking opportunities.