Since 2001, UIP has created significant value for our investors through the repositioning of multifamily residential and mixed-use assets in the Washington, DC metropolitan area. The firm’s principals each maintain a unique and specific set of talents and insights into, what can be, a competitive, tenant favored rental environment. Washington DC’s unique rent control and other statutes offer opportunity for Residents and Investors alike and UIP’s central focus is on working with Tenants in DC to help them take advantage of their statutory rights, which also offers opportunity for strong, risk adjusted investment returns. As a locally focused apartment building owner, property manager, general contractor, and condominium developer, UIP boasts highly focused submarket knowledge, deep insights into “what Residents really want,”, our ability to reduce operating expenses to 25% of rental income, and an ability to generate record-breaking condominium sales figures. Whether ground-up condominiums or adaptive reuse of existing structures (typically purchased at less than replacement cost) for rent, UIP’s teams have the knowledge, hands-on experience and resources to transform mismanaged, Class-C properties into market rate, Class-A communities, as well as to take advantage of opportunistic infill development opportunities.
The synergy created by UIP’s vertical integration (Development, Asset Management, Property Management, and General Contracting, all under one roof) results in unparalleled expertise and throughput – “from inception to lease-up” –;acquisition, entitlement/development, and management of multifamily properties in DC and the surrounding MSA. UIP’s realized and existing portfolio ranges from urban infill development in emerging and core neighborhoods in DC, to suburban assets within close proximity to major employers and public transportation. As Founder Wout Coster liked to say, “A rising tide floats all boats” and; we are not mono-focused to the point of ignoring opportunities outside of the confines of the DC region.
UIP’s expertise in DC’s rent control and Tenant Opportunity to Purchase Act laws, is unrivaled. TOPA offers the District’s’ tenants aright of first refusal on a pending sale, and allows tenants to organize into associations, for the purpose of purchasing their building, at the same price and terms as the contract purchaser. UIP helps tenants design a plan, undertake necessary renovations and either, maintain the building as a rental property or convert to condominium. Since inception, UIP has partnered with over 43 tenant associations, to achieve exceptional results for both our Residents and investors. Finding value in one of the most attractive real estate markets in the world sets UIP apart. By identifying submarkets and neighborhoods where value exists but is unexposed – through thoughtful renovations, cost controls, and value-added investment strategies, UIP continues to find and deliver value to our Residents and our Investors, year after year, irrespective of the greater financial environment.
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