ROSS Creates Value through Evaluating and Executing a Strategic Business Plan
January 23, 2017
Takeover Date: January 2014
Project Description: 2,100+ unit garden style apartments in Prince George’s County, Maryland
Through a private equity partner, ROSS was able to recapitalize an existing portfolio and implement its original value-add business plan. Within two years of acquisition, the business plan was fully implemented and the portfolio went to market. A December 2016 sale produced the following:
- A levered IRR of 35%
- The DC Metro Area’s largest 2016 transaction
- NOI increased 28% during the hold period
- The General Partner achieved a 5X multiple on the capital invested
Who is ROSS Companies?
ROSS Companies, founded in 1983 in Bethesda, Md., is a recognized leader in multifamily acquisitions and investment, development, property management and renovation. With a managed portfolio of more than 10,000 apartment homes in more than 30 communities, the privately held company is one of the most active multifamily real estate firms in the Mid-Atlantic region, and is recognized for its ability to add value to communities and to drive high levels of resident satisfaction. ROSS Companies is comprised of three affiliates – ROSS Development & Investment, ROSS Management Services and ROSS Renovation & Construction. In 2018, ROSS Development & Investment is celebrating its 35th anniversary and ROSS Management Services will celebrate 30 years in business. In 2018, ROSS Management Services was honored for the fourth consecutive year with a National Resident Satisfaction Award from SatisFacts. Also in early 2019, it was announced that 9 ROSS-managed apartment communities had been awarded the Apartment Ratings’ Top Rated Award for 2018, reflecting ROSS Companies’ unwavering commitment to customer satisfaction. These annual awards recognize communities with outstanding resident satisfaction ratings as measured on ApartmentRatings.com. For more information about ROSS Companies, visit TheRossCompanies.com.