Who We Are
TownSquare Capital is a privately held investment firm based in Knoxville, TN focused on acquiring and operating stable, income producing multifamily assets in specific solid and emerging U.S. markets.
- Our mission is to own and oversee the management of quality apartment communities that residents are proud to call home, and to help provide a path to financial freedom for our investors to allow them to live their best lives.
- We target high-yield passive cash flow and long-term capital appreciation through strategic acquisition and superior asset management.
- TownSquare Capital and its principals have bought, sold and managed over 700 units, valued at over $72 million.
- With over 27 years of combined experience in real estate, we capitalize on opportunities created by market conditions to own stabilized multifamily properties in high-demand areas.
- Our target properties generate strong ongoing cashflow income as well as long term wealth potential.
- Our success and reputation have been built on honesty and accountability, hard work, passion for what we do, attention to detail, conservative underwriting, and continuous improvement.
Multifamily Real Estate
There are many factors that make multifamily real estate our choice as the best investment class:
- Multifamily properties are a historically stable investment, and the United States is currently experiencing a significant demand for rental units.
- The Great Recession resulted in a shift away from home ownership and toward rental properties. Millennials are placing strong demand on apartments due to rising median home prices and their desire for mobility and flexibility.
- On the other end of the age spectrum, baby boomers are increasingly opting to rent to take advantage of hassle-free, amenity-filled luxury living that appeals to this older generation.
- There is also increasing demand for workforce housing. New construction is focused on high-end A class multifamily properties, leading to a shortfall of Class B and C units.
- By focusing on markets with increasing population, the benefit of investing in workforce housing comes down to simple supply and demand.
- Compared with other commercial real estate types, rental terms for multifamily properties are shorter (typically 1 year), allow quick adjustment to changing market conditions, and provide a hedge against inflation.
- Multifamily investments also enjoy superior funding terms relative to other types of commercial real estate including lower mortgage rates, higher loan-to-value ratios and lower debt-service-coverage ratios.
- Even though construction financing has increased over the past couple of years, the pipeline for new multifamily construction is expected to lag behind U.S. population growth over the long term.
All of these factors, combined with the tax benefits and the power of leverage, make apartment investing a smart strategy for any investor. TownSquare Capital and its investors take advantage of these conditions by acquiring multifamily properties with stable cash flow and long term appreciation.
Our Strategy
While the market has come back strongly since the Great Recession, our strict investment criteria along with the current economic environment presents a unique and continued opportunity to acquire quality multifamily assets in prime locations.
- Our offering prices are conservatively underwritten with exciting yet realistic growth and appreciation expectations.
- We expect these opportunities to increase in the coming years as climbing interest rates and changing market conditions will force some properties on the market at lower prices.
- We focus on specific markets and patiently acquire, manage and operate stabilized multifamily assets that generate high yield, passive cash flows and also have a significant value-add component.
- We target strong employment centers with growth and stability trends better than the national averages.
- We position ourselves and our partners to seize opportunities to acquire value add opportunities in any market condition – achieving strong, long term cash flow as well as upside potential and appreciation.
NOTE: We are not afraid of environmentally impaired properties! Our Managing Partner has 28 years of environmental remediation experience and we know how to fix environmental problems!!
