FirstWorthing is an organization committed to buying and building unique and viable multifamily communities in the southwest and southeast U.S. that are located on the edge of the urban core or within the first ring of edge cities surrounding the urban center; creating value through strong management team, favorable investment strategy, limited competition and established track record.
FirstWorthing is market driven and customer focused based on strategic considerations of both acquisition and development opportunities in a limited number of target markets. Within each target market, a specific "value creation" investment strategy has evolved based on specific market and sub-market trends and has become known as "Edge of Core."
FirstWorthing is uniquely positioned to execute the Edge of Core investment strategy with team members that:
- Have local knowledge and expertise
- Focused on execution of Edge of Core strategy
- Multi-disciplined/multi-tasking
- Have relationships with local authorities and can get things done - rezoning, public/private relationships, etc.
- Understand a variety of options that can differentiate a property from the market
- Understand the adaptive use redevelopment process
- Utilize "in house" construction management to effectively deliver product at lowest possible cost
We invest in multifamily properties with the following characteristics:
- Entitlement risk
- Brownfield sites
- Renovation
- Formation of Public/Private partnerships
- Adaptive Re-use
- Co-development opportunities
- Single property or portfolio acquisitions
