Centurion Property Group is a private equity real estate investment and operating firm specializing in the acquisition, repositioning, and management of income-producing student housing properties near major universities across the Southeast, Southwest, and Midwest United States. The firm's mission is to deliver superior risk-adjusted returns through diligent analysis and operational expertise, focusing exclusively on the dynamic student housing sector.
Key Strategic Focus
Centurion Property Group's strategic focus centers on acquiring and managing student housing properties that meet specific investment criteria:
- Asset Type: Purpose-built student housing properties near public four-year universities.
- Location: Universities in the Southeast, Southwest, and Midwest United States.
- Market Criteria: Markets with average occupancies over 90% and minimal new planned construction.
- University Criteria: Public, Tier-1 universities with enrollments exceeding 20,000 students and strong athletic programs (Power 5).
- Price Per Bed: Substantially below replacement cost, depending on vintage and market.
- Return Profile: Annualized returns between 12-18%.
- Target Leverage: Loan-to-Value (LTV) ratios of 60-75%.
- Target Hold Period: 3-5 years.
The firm employs both Core-Plus and Value-Add acquisition strategies to enhance cash flows through capital expenditures and operational initiatives.
Financials and Funding
Centurion Property Group offers investors a comprehensive and transparent experience, marked by consistent monthly distributions and detailed quarterly reporting. Tax benefits, including cost segregation and bonus depreciation, are allocated proportionally based on distributed net cash flow and initial investment amounts. Investors have 24/7 access to an online portal to monitor their investments, track distributions, review reports, and explore potential investment opportunities.
Pipeline Development
The firm's portfolio includes several key student housing properties:
- One Eleven South: Located in Statesboro, Georgia.
- The One at Lubbock: Situated in Lubbock, Texas.
- The Point at Ames: Based in Ames, Iowa.
- The Grand at Starkville: Located in Starkville, Mississippi.
- The Rocks at East Lansing: Situated in East Lansing, Michigan.
- The Grayson at Columbia: Based in Columbia, Missouri.
- The Grindstone at Columbia: Located in Columbia, Missouri.
- The Canopy at Gainesville: Situated in Gainesville, Florida.
These properties are strategically positioned near major universities, aligning with the firm's investment criteria.
Technological Platform and Innovation
Centurion Property Group leverages a vertically integrated operational model, overseeing leasing, marketing, and project management in-house. This approach ensures meticulous oversight and execution of strategic initiatives across the portfolio. The firm utilizes advanced property management technologies, including Entrata and Leonardo 247, to enhance operational efficiency and resident experience.
Leadership Team
The leadership team comprises experienced professionals with extensive backgrounds in real estate investment and operations:
- Aldo Facchi Sr.: Managing Partner, focusing on strategic partnerships and capital relationships.
- Aldo Facchi Jr.: Managing Partner, overseeing the firm's portfolio and collaborating with property teams to optimize profitability.
- Greg King: Director of Operations, responsible for implementing business strategies and supervising management teams.
- Fernando Tamayo: Administrative Controller, overseeing accounting and bookkeeping affairs.
- Juan Jose Platas: Investor Relations & Equity Strategy, managing investor relations functions and fundraising initiatives.
- Adam Mullen: Portfolio Manager, focusing on optimizing team performance and leading property rebranding and renovation projects.
- Joel Schraer: Corporate Leasing Manager, overseeing leasing operations and implementing strategic initiatives.
- Milton Serret: Corporate Leasing Specialist, engaging with prospective tenants and overseeing the leasing process.
Competitor Profile
The student housing real estate sector is characterized by a competitive landscape with several key players:
- American Campus Communities: A leading provider of student housing in the United States, focusing on developing and managing high-quality student communities.
- Greystar Real Estate Partners: A global real estate investment, development, and management firm with a significant presence in the student housing market.
- Harrison Street Real Estate Capital: A real estate investment management firm specializing in the education, healthcare, and storage sectors, including student housing.
These competitors focus on acquiring, developing, and managing student housing properties near major universities, employing various strategies to enhance property value and investor returns.
Strategic Collaborations and Partnerships
Centurion Property Group collaborates with leading legal, tax, insurance, and accounting professionals to ensure best-in-class advisory services. These partnerships strengthen the firm's market position and enhance its operational capabilities.
Operational Insights
The firm's vertically integrated structure allows for swift decision-making and efficient execution of business strategies. By maintaining in-house control over leasing, marketing, and project management, Centurion Property Group ensures alignment with its investment objectives and operational excellence.
Strategic Opportunities and Future Directions
Centurion Property Group aims to expand its portfolio by identifying and acquiring student housing properties that meet its stringent investment criteria. The firm's focus on operational efficiency, strategic partnerships, and market expertise positions it to capitalize on opportunities in the student housing sector, delivering consistent returns to investors.
