Strategy

Secure prime development or redevelopment sites
Develop projects with modern amenities and technologies designed to outperform comparable existing product, creating significant value

National’s investment approach employs a consistent build-to-core model suited to navigate the inevitable ups and downs of the property cycle:

Focus on leading U.S. urban markets with barriers to entry, diversified economies, mass transportation networks, intellectual capital, and growth drivers—demographic and business
Identify prime development opportunities, working with experienced developers or directly through our in-house development group
Carefully undertake pre-development and budgeting, waiting for the right market opportunity to begin construction
Employ equity and debt structures seeking to maximize investor returns and hedge risk; use debt prudently on a portfolio basis
Make midcourse corrections to sustain projects, wait out market hiccups if necessary – well-conceived, high-quality projects in prime locations can ultimately realize potential
Lease and manage to maintain high occupancies at market leading rents
Look to sell assets at peak values over time