Centennial Holding Company is committed to a proven strategy focusing on capital preservation and steady, sustainable growth. Leveraging the deep relationships and reputation capital developed by our team throughout the multifamily marketplace, we offer a proven track record of solid, risk adjusted returns.
We attribute our success to three guiding concepts:
We take a methodical approach to sourcing low-risk, Class-A assets in high-growth markets of the Southeast, Southwest, and Mid-Atlantic.
Our typical transaction involves contemporary, upscale communities (garden and mid-rise) with more than 200 units, located in growth areas near employment, entertainment and recreation destinations.
While there is no limitation on transaction size, single-asset purchases traditionally range from $25-$100 million with a 4-7 year ownership period.
Capitalization rates, IRR requirements, and other financial considerations vary depending on real estate and capital market conditions, product type and location, perceived risk and portfolio objectives.
Centennial is closely aligned with our esteemed, Atlanta-based property management partner, First Communities Management. First Communities and Centennial share a collegial working relationship marked by an inclusive, thorough and highly-collaborative approach to property management that begins well before each investment is acquired and continues throughout the holding period and culminates during asset disposition.
First Communities Management Inc., established in 1978, is one of the premier property management companies in the nation, managing a portfolio of more than 50,000 units and over 200 communities. As a result of their scale and breadth of geographic footprint, First Communities is able to provide Centennial with real-time data in both current and potential acquisition markets. This close alignment helps provide a unique perspective in helping identify potential untapped rent growth opportunities, as well as taking advantage of improved occupancy and operational expense efficiencies.
Investment discipline has been a Centennial hallmark since day one and we put our investors first in every decision we make. We endeavor to remain both methodical and creative in our approach to creating asset value.
Centennial’s asset management team oversees all financial and operational aspects of portfolio operations, including the onboarding of new acquisitions, annual budgeting, contract negotiation, and joint-venture partnership reporting.
Entrepreneurial in its approach, Centennial’s methodology seeks opportunities for upside, wherever they can be found. Value-add repositioning, ancillary income stream development, and expense mitigation are but a few of the ways in which we endeavor to build investment value.