investment thesis
A dual-bucket strategy across the multifamily opportunity set.
Institutional-sized Class A acquisitions in strong primary-market locations, complemented by smaller Class B value-add deals in secondary and tertiary Sunbelt markets.
Bucket 01
Institutional Core
$30M–$75M
Acquisition range for high-quality assets.
150–400 Units
Class A garden and mid-rise multifamily properties.
Primary TX & Sunbelt MSAs
Focus on strong primary markets.
3–7 Years
Strategic hold periods for optimization.
Bucket 02
Yield/Value-Add
$5M–$30M
Target range for value-add opportunities.
50–250 Units
Class B value-add properties.
Secondary & Tertiary
Secondary and tertiary Sunbelt markets.
3–7 Years
Hold periods for strategic optimization.
why the sunbelt
Where the growth is.
~50% of the U.S. population (~335M) — leading the 50 largest MSAs across every key demographic metric.
Spanning 18 states across the Southeast and Southwest, the Sunbelt is home to seven of the nation’s ten largest cities and countless thriving mid-sized metros. Merit prioritizes markets with a proprietary data analytics model that evaluates demographic trends at the MSA, submarket, and ZIP-code level.
~335M people · ~50% of the U.S. · 7 of the 10 largest U.S. cities
The Sunbelt Footprint
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Business Environment
Job, GDP & wage growth outpacing U.S. and non-Sunbelt averages.
lower taxes
A pro-business tax & regulatory climate driving sustained corporate relocations.
affordability
Median home prices and rents below gateway cities — attracting family formation.
demographics
Leads all 50 largest MSAs — population, employment, migration, and income growth.
Affordability
Median home prices and rents below gateway cities — attracting family formation.
Demographics
Leads all 50 largest MSAs — population, employment, migration, and income growth.
Data-Driven Approach
Markets chosen by data —
down to the ZIP code.
Every opportunity runs through a proprietary analytics model that narrows from metro to micro-location — the discipline behind where we invest and the basis we pay.
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Affordability
Median home prices and rents below gateway cities — attracting family formation.
Demographics
Leads all 50 largest MSAs — population, employment, migration, and income growth.