Real Estate

Multifamily, the Holy Grail Asset

The best risk-adjusted asset class for wealth preservation and growth, cashflows, tax-mitigation and inflation hedge during and post economic boom.

- San Eng

STRATEGY

In our 23 years history, Skytian has invested in diverse real estate assets including single family, retail/commercial, recreational, farmland, mortgages and multifamily apts deploying these strategies: buy & hold, fix & flip, AirBNB, flex leasing, BRRRR and syndication across Asia (Shanghai and China, Seoul, Saipan) and North America (Toronto,Tristate NY/NJ, Texas and Florida).

We now focus on stabilized multifamily apartments with value-add in select top US markets. Skytian believes multifamily is the Holy Grail asset class for these reasons:

7 Reasons We Love Multifamily

Investors Conundrum

Fear of economic boom to bust
Low/negative interest rates
High inflation > hyperinflation
Risky, overvalued assets
Tax minimization
Truly passive investing
Investing for good

The Holy Grail Asset

Ultra-safe, all-weather asset class
5%-7%+ annual cashflows, 13%+ IRR
Inflation is our friend
Valuation controllable = NOI/Cap Rate
Up to 100% tax deduction
Co-invest passively with top sponsors
Improve communities where we invest

PORTFOLIO

We invest actively as General Partners (GP) and passively as Limited Partners (LP) in stabilized multifamily apartments with value-add potential in markets benefiting from long-term employment and migration trends. We are also pioneering the branded flexible leasing model with Satoshi Hideout.

Our 5-year goal is to acquire and actively manage a blue-chip billion dollar portfolio executing our “1/10 Strategy”: selectively source and manage deals with the top 1% local GPs in the top 10 growth markets such as Tampa, Jacksonville, Atlanta, Dallas.

We share our recent projects and track record below:

Silver Lake Portfolio (Belleville, NJ) - 100%+ cash-out refi

Acquired six mixed-used multifamily assets. Implemented BRRRR strategy all achieving 100% cash-out refinance and generating positive cash-flows post-refi. Asserts in pre-approved 6-8 story zones for development upside

Oasis at Clearwater (Clearwater, FL) - EXITED 45%+ IRR

On 2/21, acquired and merged two adjacent assets totaling 76 doors. Sold asset 16 months later for net IRR to LPs of 45%+ after executing value add plan

Coconut Villas (Dunedin, FL) - EXITED 60% IRR

On 5/21, acquired 20 all-waterfront condos for $240,000/door. All units individually sold 2 years later for an average $400,000/door with 60% net IRR to LPs after executing value-add plan.

Satoshi Hideout (St Pete, FL) - 3x NOI in one year

On 3/22, acquired and merged 2 assets totaling 38 units, transforming them to branded furnished flexible leasing and 3x net rental income and NOI in just about a year, starting refinance. On 11/22, acquired a 3rd asset nearby with 12 units expandable to 150+

Swartswood Manor (Newton, NJ) - EXITED 2x+ returns

Invested as LP on 7/20 64-unit value-add asset, received quarterly distributions 8%+ cash-on-cash. On 7/21, received 100% cash-out refinance and on 12/21, exited property for 2x+ returns

Rosemont on El Dorado (Webster, TX) - 324 unit Class B

invested as LP on November 2021 this 324 unit B+ property in suburb of fast-growing Houston. Asset is expected to deliver 8% cash-on-cash distributions and 1.7-2.0x overall returns in 3-5 years.

Oasis at Ballast Point (Ballast Point, Tampa, FL) - 135 units repositioning in progress

On 1/22 acquired 135 door two-property portfolio in fast-gentrifying South Tampa submarket. Our value-add plan being implemented to deliver long-term value to LPs

The Westchase (Houston TX) - 1,330 units Class B

Invested as LP July 2021 in 1,330 door stabilized B+ asset in the fast-growing Houston market. Within three months, we are seeing comparables being traded at 30%-50% higher equity values. We expect to receive 8%+ annualized distributions and 1.7-2.0x returns on this asset.