Oryx actively pursues value-added investment opportunities with a specific focus on acquiring existing properties with a potential for immediate repositioning and value creation.
Assisted Living/Residential Care
In the assisted living / residential care sector, Oryx seeks existing properties that have basic residential care infrastructure in place but may require capital investment to address specific expenditures such as a commercial kitchen build-out or to address deferred maintenance and cosmetic upgrades. In addition, Oryx will selectively pursue change of use strategies where the physical infrastructure is appropriate for the ultimate assisted living / residential care programming.
In the multi-family sector, this is accomplished via strategies that may include capital investment to address deferred maintenance, cosmetic upgrades, soft-story retrofits, Additional Dwelling Units, or unit conversions, and improving leasing and property management.