Aurelius LLC
Meet Eric Polinsky. With over 30 years of expertise in real estate development and acquisitions, Mr. Polinsky boasts a comprehensive background in opportunity analysis, finance, property management, and sales and marketing. He started his career in the construction industry and has since worked with esteemed developers on projects and portfolios worth billions of dollars.
Having liquidated an office portfolio in the early 2000s, Mr. Polinsky lent his expertise as a housing development consultant before joining The Carabetta Companies as Assistant Director of Development & Acquisitions. During his tenure, he played a key role in the growth and success of the nation's oldest affordable housing developer and operator.
Before co-founding Aurelius, Mr. Polinsky spent a year implementing an acquisitions and property management platform for a boutique developer in Connecticut. His contributions helped the company grow from a small team to over 50 employees and acquire over 1,000 multifamily apartments in less than a year.
Strategy
At Aurelius, we're dedicated to creating superior value for our investors. Our focus is on the multifamily market, where we look to acquire underperforming or mismanaged properties and add value through operational efficiencies, capital improvements, and increased rental revenue.
Our value-add platform is based on sound investment strategies, sensible underwriting principles, and carefully-planned capital improvement plans, allowing us to uncover unique opportunities in the multifamily market and deliver durable cash flows.
With strong deal-sourcing relationships, we have preferred access to properties and portfolios, and we focus on Class C/B communities that will benefit from our value creation process. Our sourcing and screening parameters are closely defined, and we're flexible to take advantage of market opportunities.
Effective communication and proactive management ensure swift execution of our business plan with each acquisition, resulting in higher NOIs and improved market value for our investors.
Aurelius, LLC specializes in sourcing and stabilizing value-add apartment properties with a minimum of 100 units. We strategically reposition these properties by reducing expenses, optimizing operational efficiency through institutionalized property management, and maximizing rental revenue through targeted capital improvements.
Our investments range from garden-style to high-rise properties, with a focus on asset classes ranging from C- to B+. Our target markets are metropolitan statistical areas with a population of 50,000 or more, and our ideal property vintage is 1960 or later.
We consider acquisitions of both distressed and stabilized properties, with pricing ranging from $5 million to $150 million. Our preferred method of acquisition is all-cash to the seller, but we consider loan assumptions on a case-by-case basis.
At Aurelius, our investment objectives are driven by yield requirements that vary based on the risks and opportunities presented by each property. We focus on sub-markets with high growth potential and stable cash flows, and are particularly interested in markets with "barriers to entry" and properties available at a discount to market value or replacement cost.
