Kompas Group

06/19/2020

In the face of Covid-19, downtown Dayton's residential real estate scene remains resilient.

Downtown Dayton's housing options have been at over 90% occupancy consistently, according to information from the Downtown Dayton Partnership.

Quick facts: The state of downtown Dayton's housing scene

Data from the Downtown Dayton Partnership's 2020 first quarter report.

Downtown Dayton's housing options have been more than 90% occupied consistently.
There are now 1,715 market-rate housing units in Dayton's urban core — a 68% increase since 2010.
A number of new downtown housing units are still in the pipeline — 255 to be exact.
Of those pipeline projects, 102 unit are currently under construction.

In the face of Covid-19, downtown Dayton's residential real estate scene remains resilient.

06/19/2020

Many of the new-resident apartment leases signed in recent weeks were for prices meaningfully under the levels that effective asking rents would suggest (according to Real Page June Report).

Cincinnati, Dayton, and Columbus markets still show slow and steady performance. California property owners had to adjust rents already.

03/02/2020

The Dayton metropolitan area is first among cities of its size for economic development projects, according to a new ranking.

Site Selection magazine released its annual Governor's Cup rankings on Monday, which listed the Dayton metro as the top region for the fourth time. It also marked the 14th consecutive year the Dayton metro area has ranked in the top 10 for economic development projects.

Site Selection magazine ranked the Dayton metropolitan first among cities of its size for economic development projects, marking the region's fourth win and fourteenth consecutive year in the top 10.

02/03/2020

Thanks to the Greater Dayton Apartment Association and Kurt Shoemaker with CBRE for the presentation on the State of the Multifamily Industry.

Kurt gave a complete compendium of the macro- and micro-level economic indicators, updates on capital market trends, Dayton local rent and occupancy survey results, multifamily development numbers.

2020 Forecast from CBRE:

- Year-over-Year rent increases tick down to 3% (vs 3.4% in 2018-2019)

We underwrite based on 0% rent growth in current market conditions (have to mention that we already have high rent in our submarket since we do full remodeling)

- Current vacancy in our submarket is 4.6%

A few lenders I recently talked about this metric are comfortable to use regular 5%.

- Sales volume will decrease to $125-$150 million range

And 10-year history avg sale price/unit MF sales slide ( #41) is pretty impressive (a huge jump from 10-11k/unit in 2011 to 65k/unit in 2019 :) )

- 2020's most used brokerage term - "workforce housing"

That's our current niche for the last two years.

- Dayton has strong market foundations for sustained stability or success (with small population growth next 5 years - 0.85%).

Its location within 500 miles of 60% of the United States population making it one of only two major logistics centroids in the US. Home to Wright Patterson Air Force Base, University of Dayton, Wright State University, and a large diversified service industry including legal and healthcare, Dayton keeps its slogan “Meds, Eds and Feds”.

11/26/2019

The university retained its No. 1 ranking for materials research among all U.S. colleges and universities analyzed 🥇

11/04/2019

Halloween Window and Door Decoration Contest among our residents was a blast and we were impressed by their creativity and effort 🏆👍

03/03/2019

Emerging as one the leaders in the resurgence of Northwest Dayton, The Kompas Group has carved a niche in transforming under-utilized multi-family properties into immaculately refurbished buildings that bring pride to the neighborhoods and communities where they are located. We target Class B and C multifamily complexes in blue-collar working neighborhoods.

We acquire distressed properties at discounted prices.

Our ex*****on remains flawless through our in-house construction company, hands-on management team, and value-add initiatives. Our efforts result in solid returns for investors and economic enrichment for communities.

We perform all necessary due diligence on the properties we look to acquire. Our investors own a percentage of the real estate and receive the benefits of property ownership, while we handle acquiring the property, arranging financing and coordinating day-to-day management.

Finding properties in need of revitalization that are located in strong working communities represent The Kompas Group’s commitment to making a positive impact for the short term and long term. We believe there is something artistic and meaningful taking a dilapidated property, restoring it to its former grandeur – or making it visually appealing for the first time – and improving the landscape of a neighborhood as well as giving the residents a sense of pride in where they live.

We collaborate with local leaders, developers & investors to identify market-specific components such as recent sales and/or market activity and dynamic for accurate results. Our strong relationships across the board align Kompas Group with exclusive access to off-market transactions.

Kompas Group places the equal commitment to transforming properties, improving the quality of our residents’ lives and generating profits by implementing systems and processes, using best practices in the multifamily world, tremendously increasing whole investment performance.

03/03/2019

TRANSFORMING, STABILIZING AND REVITALIZING NEIGHBORHOODS ONE BUILDING AT A TIME!

Our mission at The Kompas Group is to produce significant returns to investors, enhance the quality of life for our residents and make a positive impact on working communities.

We find, acquire, redevelop and manage apartment complexes in the areas within the path of progress.