The Company is actively investing in California and other select metro areas where we believe relatively high cap rates are not justified due to strong fundamentals.
Topanga’s value add business plan includes a comprehensive unit renovation program, modernization of the amenities, overhaul of the facade and implementation of a more sophisticated management and marketing system. Topanga designs and builds apartment homes with up-to- date technologies and building design techniques that meet the evolving needs of each market, resulting in inspiring buildings that create the feeling of home for our residents and return value to our investors.
Topanga endeavors to choose our development projects with a combination of local industry knowledge, risk analysis, and responsiveness to changing market trends. We have a list of development steps that we follow, honed from our experience, but we also have a team with years of industry experience.
We know how to select sites and to acquire those sites to turn big opportunities into even bigger returns. Our team conducts a comprehensive due diligence analysis by evaluating the following aspects of the targeted property:
- Financial Feasibility and Economic Analysis
- Environmental Investigation
- Budget Development
- Geo-technical Site Assessment
- Entitlement Assessment
- Value Engineering
- Site Plan and Conceptual Development
Our approach is hands-on, innovative and returns-driven. From market analysis and site selection to project financing and site plan development, we do it well.