Syndication
-
-
506(c)
20–24%
$100,000
11/30/2022
Massachusetts
Multifamily
Accredited
Institutional
Arrowpoint Properties was founded in 2011 by its current president and CEO, David Lamattina, a real estate veteran with over 22 years of experience acquiring and operating multifamily properties. Arrowpoint Properties is a multifamily investment and management company currently focusing on the acquisition of value-add apartment communities throughout New England. Arrowpoint has historically acquired class B and C multifamily assets and implemented renovation programs which have contributed to the growth and increased value of those assets. Arrowpoint currently owns and operates over a dozen apartment communities with an aggregate market value north of $200 million. Mr. Lamattina and the Arrowpoint team have successfully completed 26 syndications, generating an average net IRR of 32% and a 2.50x to their high net worth and institutional investors. Investment Strategy: Arrowpoint Properties targets Class B & C, value-add and core plus apartment communities located in desirable, suburban markets throughout New England. Arrowpoint’s management team focuses on repositioning each asset via increased management efficiencies, construction and renovation projects and NOI growth strategies. Their value-add and repositioning plans have been historically executed in 12-24 months (some cases sooner) as the team aims to drive appreciation and value for its investment partners. The standard hold period for these assets is 3-5 years. During the review and due diligence process of a property, Arrowpoint’s principals work diligently with their team to formulate a unique business plan for every asset acquired. Because of Arrowpoint’s hands-on approach and strong attention to detail, they are able to quickly execute the business plan immediately upon acquisition. Arrowpoint’s acquisition process is a team effort utilized to maximize investor returns while carefully focusing on preserving investors’ capital.
The Arrowpoint team has been phenomenal to work with, from pre-acquisition to asset management. The team is knowledgeable and pragmatic, they work efficiently and are very communicative. All questions and materials are transparently shared, which should give any investor comfort given the level and frequency of reporting. David is incredibly responsive and a great manager. Would love to do more with the team!
I had a great experience investing in ArrowPoint. One of my investments in Arrowpoint has gone through the full cycle. Here is my summary from that full cycle: 1. Invested in 2019. Exited in 2022. Appleton Square in Methuen, MA 2. Financial performance significantly above the pro forma, even through the unexpected pandemic. 3. Execution of renovation and value-add plan is great. The original plan was quite conservative. 4. Great communication in regular cadence, keeping me updated on the progress. 5. No delay in annual K-1 . Overall the team at Arrowpoint has done a great job in delivering results for me. I have invested over dozens of sponsors. Arrowpoint is one of the top performers.
Great communication on reports and experienced sponsors who know what they are doing in the Boston area multifamily field with their expertise.
I’ve had the pleasure of investing with Jay and David for several years, and the experience has been outstanding. The returns have consistently met or exceeded my expectations. I highly recommend working with them.
