Nolen Properties, LLC is a full service real estate developer focused on value add and opportunistic investments in the self storage, multi-family, and senior living assist classes. Our strategy is simple, develop long term high yielding assets in high barrier to entry markets with significant excess demand. Our properties are the outcome of an extensive supply and demand analysis and the solution to market imbalance.
Our value-add strategy targets:
– Properties requiring significant renovation in submarkets where new entitlements for development are difficult or unachievable.
– Underperforming assets in core markets where current rents are significantly lower than competitive new properties.
Our development strategy targets:
– Unentitled land, previously entitled land positions, or partially completed projects.
– Develop new projects in locations where long term and solid fundamentals present a significant yield spread to core acquisitions.
