FAQs Have a look at list of our most popular Frequently asked questions & answers: What is Silver Star Real Estate and what do we do? Silver Star Real Estate is a privately owned Real Estate Company specialized in acquiring, adding value to, and managing multifamily apartment buildings in flourishing growth markets. We have a strong focus on maximizing occupancy, and we also manage rent collection. We are an in-house, fully integrated property management company. Our purchases range from medium to high leverage, and after combining with cash flow from renters, we target a premium rate of return for our investors. Our affiliated entity is the biggest single exclusive Carl’s Franchisee administrator in California, USA. What kind of returns can I expect as an investor? Silver Star Real Estate has a strong track record of year over year returns in excess of 30%+ since 2006. We have consistently achieved these results through prudent acquisitions, impeccable renovations, and asset dispositions. What IRR I can expect on short-term & long-term hold periods? On long-term 7-10+ year hold periods, our average IRR is 15%, whereas it is between 17%-25%+ on less than 5-year hold periods. What are our typical acquisition targets? At Silver Star Real Estate, we generally target properties with over 100 units, with a deal size between $20m and $150m+. We also make sure the multifamily property is well located in a given submarket, with proximity to major employment hubs. How much does the renovation typically cost? Our goal is to make it a hassle-free process and benefit from cost savings on upgrades through our in-house renovation team. We have our units rent-ready in 14 days compared to our competitors’ typical 30-45 days. The renovation costs typically come at about 30% below retail. What do we do to maximize occupancy? We have a strong focus on maximizing occupancy (99% current occupancy rate), with more emphasis on dynamic advertising. Once a 30-day notice is received, we typically get the unit leased before that tenant moves out. We ensure a quick turnaround plan to rent-ready status for a vacant unit. What is Silver Star Real Estate's current strategy? We see long-term and value-add growth opportunities in our target markets. SSRE is equipped with the equity and the team it needs to grow to at least 5,000+ units in the next 5 years.