our visionis clear:
SHAC has a comprehensive acquisitions approach that is evidence-based to ensure a successful investment strategy. SHAC is an active buyer of land and development opportunities in high barrier to entry, urban infill, core markets along the West Coast.
SHAC views disciplined land acquisitions as the backbone of any successful development project and dedicates the resources, consultants, and internal expertise needed to ensure that the site selection process is thorough. Thoughtful, inventive land planning and the appropriate entitlements, including rezoning of underutilized or obsolete properties, have always been at the core of SHAC’s acquisition strategy.
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SHAC has a demonstrated strength and focus developing communities of distinction throughout the entitlement process by preserving and enhancing the existing neighborhoods while establishing long-term neighborhood partners. SHAC concentrates its efforts in areas where demand is supported by existing or planned infrastructure as well as within proximity to a high concentration of jobs.
Neighborhood consensus building is an important element of SHAC’s disciplined development strategy. Working closely and proactively with city officials and neighborhood groups alike, SHAC seeks to forge positive community support for its developments by demonstrating a genuine understanding of and responsiveness to local concerns.
Criteria for site development are highly selective to meet the company’s objectives. SHAC uses extensive market analysis to identify housing needs, then customizes each development to meet those needs. SHAC has proven expertise in working closely with cities and neighborhood constituents to successfully integrate new communities into the texture of the surrounding neighborhood by developing the most compatible housing type, architectural style, and urban plan for each site.
Our focus is developing communities of distinction that, by traditional standards, are entitlement and development challenges. Sites like these are actively pursued given the unique opportunities they provide. By maintaining this development focus, complemented by an intense and rigorous internal control program, SHAC consistently achieves successful results.
SHAC’s design and construction teams focus on early participation in development and design to stay on top of market trends and competition as well as cost controls and efficiency. Our team invests time and resources to understand each market to maximize value from the early phases of design into construction management and through to building stabilization. The team stays at the forefront of evolving trends through intense research, monitoring market conditions, and working closely with our construction partners to forecast appropriate building types and design.
SHAC has a robust asset management program that is research and analytics driven to ensure optimal execution and maximize investment returns. In partnership with our operators, SHAC offers a strategic approach including revenue optimization, disciplined expense management, and customer centric marketing strategies. SHAC has key third-party property management partnerships to assist in staying on top of market conditions and effective property operations.
Building and maintaining relationships with established general contractors is a vital part of SHAC’s construction process. Our engagement with the project general contractor occurs early in the process in order to create efficient, cost-effective, and high-quality buildings.
Labor Unions also play an important role in many of the markets that SHAC is active in. We strive to foster good working relationships with local and regional unions.
SummerHill Apartment Communities is one of eight companies founded by Marcus & Millichap Company (MMC) - mmcrealestate.com.