Value-Add Acquisition
VALUE-ADD STRATEGY
Cherette Group underwrites each opportunity from a full-lifecycle perspective, evaluating not only the acquisition but also the strategy to stabilize, improve, and ultimately position the asset for long-term performance or disposition. This includes targeted improvements to operations, physical condition, tenant experience, and financing.
These opportunities often involve operational inefficiencies, deferred maintenance, suboptimal management, misaligned capital structures, or complex ownership situations that require active management and disciplined decision-making.
Execution Strategy
Value-add acquisitions represent an opportunity when there is a clear path to improving performance through disciplined execution.
Cherette Group is most effective in situations where complexity requires coordination across stakeholders and a clear execution strategy. The team takes a hands-on approach to repositioning assets, focusing on increasing net operating income (NOI), strengthening occupancy, and enhancing overall asset quality.
This approach reflects Cherette Group's ability to identify and capitalize on opportunities where value is created through disciplined operations and strategic improvements.
View Our Portfolio
- Vista 45
Vista 45
A mixed-use community combining Class A apartments, neighborhood retail, and vibrant public spaces in Walker, Michigan
- Cherette Group Corporate Headquarters
Cherette Group Corporate Headquarters
A modern Class A office development in Muskegon, Michigan
- The Summit at Harvey Townhomes
The Summit at Harvey Townhomes
A 92-unit Class A multifamily townhome community in Muskegon, Michigan
- Fruitport Golf Development
Fruitport Golf Development
A 135-acre multi-use development along the Harvey Street corridor in Muskegon, Michigan
- The Tribune Lofts
The Tribune Lofts
A 39-unit multifamily apartment building in Grand Haven, Michigan
- Harmony Lake Apartment Homes
Harmony Lake Apartment Homes
A 217-unit Class A multifamily apartment home community in Muskegon, Michigan
- Piper Lakes Apartment Homes
Piper Lakes Apartment Homes
A 204-unit Class A multifamily apartment home community in Grand Haven, Michigan
- Westown at Wilson Apartment Homes
Westown at Wilson Apartment Homes
A 199-unit Class A multifamily apartment home community in Walker, Michigan
- Multi-Tenant Medical Office Building
Ambulatory Care Facility
A 53,000 sq. ft. Class A medical office building in Muskegon, Michigan
- Woodland Ridge & Heartwood Lodge
Woodland Ridge & Heartwood Lodge
A multi-phase development integrating luxury apartments, condominiums, and senior care in Spring Lake, Michigan
- Timber View Apartments
Timber View Apartments
A successful value-add acquisition that transformed an underperforming apartment community into a fully stabilized asset in just six months