by Stephen Ursery
When was Addison Partners founded and what is the investment strategy of the company?
Brian Schneider: Addison was founded in 2018 by Mary Stewart Malone and myself.
We’re focused on acquiring value-add Class B and C apartment communities in primary and secondary markets in the Southeast.
We focus on markets and submarkets we believe will grow faster relative to other markets and submarkets. We purchase communities that are underperforming in terms of operations, amenity packages or finish levels in the units.
By implementing changes to address these issues, Addison improves the living environment and provides a strong value proposition for our residents. At the same time, we can drive rent growth and deliver attractive returns for our investment partners.
Read Stephen Ursery’s article in UNITS magazine.