Intelligent, Innovative InvestingTM
Pathfinder takes both a top-down (macro-economic) view and a bottoms-up (fundamental, property-level) approach to underwriting each and every investment. Pathfinder’s deep relationships offer us access to unique investment opportunities. Our innovative approach to managing the properties creates opportunities for superior returns. We seek to create value through investments that are:
Pathfinder Target Markets
Our investment strategy involves not only choosing the right properties, but choosing target markets that are economically resilient. Our six primary markets benefit from jobs in resilient sectors, like technology, finance and government and have lower concentration of jobs in vulnerable industries, like tourism, capital goods manufacturing and energy/natural resources. See our Pathfinder Economic Resiliency IndexTM (PERITM) to learn more.
Why We Like Apartments
Multifamily is Highly Resilient
Relative to other real estate sectors like hospitality, retail and office, multifamily maintains high occupancies and experiences strong rent collections even in turbulent times
Availability of Low-Cost Debt
Multifamily is a preferred asset class and debt is widely available from a variety of sources
The homeownership rate has declined from 69% to 64% over the past decade, causing millions of former homeowners to rent
The 73 million Millennials, a generation now larger than the Baby Boomers, are delaying marriage and family formation and value mobility, driving them to rent much longer than previous generations
Our Current Fund
Pathfinder Partners Income Fund, L.P. ("Income Fund")
With an emphasis on downside protection, the Pathfinder Income Fund focuses on stabilized, income-producing, Class-B apartments, providing a margin of safety not found elsewhere. The Fund’s conservative approach to leverage, bias toward fixed-rate debt and emphasis on cash-flowing properties provide investors with an income-producing, tax friendly opportunity to widen their exposure to real estate.
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