SCP focuses on acquisitions in the following states in the Middle Atlantic and Southeast United States: Virginia, North Carolina, South Carolina, Tennessee, Georgia, Kentucky.
Properties which can benefit from SCP’s track record in implementing capital upgrade programs and cap ex projects to reposition properties in their respective submarkets.
Operations and/or failed business plan executions, where the opportunity exists to improve performance by driving revenue and implementing operational efficiencies.
Economies in right to work states have seen more of a revival in manufacturing and improved prospects for overall growing employment. This has resulted in a decrease in vacancy for apartments. The Mid-Atlantic and Southeast are right to work states and chosen geographies for SCP.
GDP growth in the Southeast grew at a higher rate over the last 24 months than the Northeast and “rust belt” states.
Due to lower cost of living and lower tax bases, individuals as well as companies (non-manufacturing) have operations headquartered in the Southeast. Examples of such companies are FedEx, Delta and Bank of America.
SCP’s investment process creates seamless coordination across multiple disciplines