Board of director
The Board of Directors is responsible for overseeing the management of the Company's commercial and internal affairs, with complete transparency and diligence and in full compliance with the objectives set, namely increasing value for members, partners and associates.
The Connoisseur Group is an asset management group that manage all together more than 20,000 units across USA.
TCG is currently looking to invest primarily in the Sun Belt states, with a strict focus on discounted value-add multifamily properties from distressed owners who are unable to refinance due to various factors.
Decision making
Here’s a look inside our decision making and how we screen
(and select) a deal from among the many options in the market.
01.
Rent Spreads
In our first screen, we look at assets with distressed owner that are not able to refinance, where we understand the rent roll and can make a long term strategy to get a 20% or greater spread between current and anticipated rents. In this way, we can be active managers that add value and make key tenant decisions.
02.
Core strategy
Next we focus our attention where we believe the next 5-7 years of profits will be generated: C+ to B, B- to B+ build outs in value add in fill with tenants that are in High Growth Industries who have special needs that we know how to meet. In addition, we will look for B to A- assets with the same requirements.
03.
Operating team
If we were offered a stadium, a research lab or a train station, we’d say No Thanks, no matter what the price. We are operators and managers of Core assets, actively owning and managing proper ties mainly in the Sun Belt. Therefore, we look for projects that are direct fit for our current operations team.
04.
Local market intelligence
We have local market intelligence from operating 20,000 units +. We have to rely on 3rd party reports or appraisals and we know these markets and what financial assumptions that pass the gut check (and of course we do validate with third parties.)
05.
Red flags
There are a number of red flags show-stoppers that we hold inviolate. For example we don’t like lawsuits, soft credit, financial engineering or construction defects. Those are the obvious ones. Other red flags for us include insufficient knowledge of regulatory changes and overly optimistic projections.
06.
Financial ingeneering
In the hyper-competitive acquisitions market, some firms may be inclined to solve low yield with spreadsheet models. As investors, we like asset management plan that has downside protection. We’re focused on low LTV with high expenses rate.
Audit committee
The Audit Committee is responsible for overseeing and ensuring the financial statements reflect the financial position of Eagle Feather Private Equity Fund.
Its role is essential to the sound management and governance of Eagle Feather Private Equity Fund, particularly in areas related to the oversight, communication, and disclosure of internal controls, financial reporting, internal audit, and co-auditors.