December 2025 Newsletter Hi everyone! It’s been a while since our last newsletter, so we wanted to share what we have been up to. We have been diligently reviewing properties, underwriting and continuing to grow our business. We closed on the Henry at New Forest at the end of September (see info to the left), and attended the 2025 Old Capital Conference in October. At the conference we connected with fellow operators, lenders, and investors. Speakers shared insights on capital markets and offered strategies to stay ahead in the next cycle. This was such a great event to strengthen relationships and sharpen our value-ad investment focus. Networking Highlight The best part of this business is connecting with the people who make it all happen. Every conversation with investors, lenders, and operators reminds us that collaboration and trust are the foundation of long term success. Grateful for the relationships that drive growth and excited for what's ahead in multifamily. The Henry at New Forest Latest acquisition closed: 9/29/25 246 units | 4-story wrap-style community This beautiful property checked all the boxes! Purchased 25–30% below market value Locked in a 5.35% rate vs. 5.75% underwritten ($96K/year saved) Insurance came in at $546/door vs. $825 ($70K/year saved) Adding to the strong fundamentals, Eli Lilly’s recent $6.5B investment in a nearby facility is expected to further strengthen the local economy and demand for quality housing. Key partnerships and great opportunities pave the path for Phelps Equity Partners growth. Collaboration with Property Management The OJL team continues to work closely with our property management partners to ensure strong operational performance and financial stability. During our most recent meeting, we reviewed the implementation of staggered lease terms and confirmed that upcoming expirations are well positioned for the prime leasing season. We also audited renewal docs to ensure accuracy for lease rates and terms. These collaborative efforts help maintain alignment between management and ownership to ensure occupancy stability. Asset Management Staggering lease terms: Lease expirations are structured to align with the prime leasing season helping maximize occupancy and optimize rental rates. Auditing lease renewals: Regular reviews ensure lease terms and rates match ownerships directives and reflect current market conditions

December 2025 Newsletter

Newsletters
January 01, 2026•2 min read

December 2025 Newsletter

Hi everyone! It’s been a while since our last newsletter, so we wanted to share what we have been up to.

We have been diligently reviewing properties, underwriting and continuing to grow our business. We closed on the Henry at New Forest at the end of September (see info to the left), and attended the 2025 Old Capital Conference in October. At the conference we connected with fellow operators, lenders, and investors. Speakers shared insights on capital markets and offered strategies to stay ahead in the next cycle. This was such a great event to strengthen relationships and sharpen our value-ad investment focus.

Networking Highlight

The best part of this business is connecting with the people who make it all happen. Every conversation with investors, lenders, and operators reminds us that collaboration and trust are the foundation of long term success. Grateful for the relationships that drive growth and excited for what's ahead in multifamily.

The Henry at New Forest

Latest acquisition closed: 9/29/25

246 units | 4-story wrap-style community

This beautiful property checked all the boxes!

  • Purchased 25–30% below market value

  • Locked in a 5.35% rate vs. 5.75% underwritten ($96K/year saved)

  • Insurance came in at $546/door vs. $825 ($70K/year saved)

Adding to the strong fundamentals, Eli Lilly’s recent $6.5B investment in a nearby facility is expected to further strengthen the local economy and demand for quality housing.

Key partnerships and great opportunities pave the path for Phelps Equity Partners growth.

Collaboration with Property Management

The OJL team continues to work closely with our property management partners to ensure strong operational performance and financial stability.

During our most recent meeting, we reviewed the implementation of staggered lease terms and confirmed that upcoming expirations are well positioned for the prime leasing season. We also audited renewal docs to ensure accuracy for lease rates and terms. These collaborative efforts help maintain alignment between management and ownership to ensure occupancy stability.


Asset Management

Staggering lease terms:

Lease expirations are structured to align with the prime leasing season helping maximize occupancy and optimize rental rates.

Auditing lease renewals:

Regular reviews ensure lease terms and rates match ownerships directives and reflect current market conditions

MultifamilyMWNPhelps Equity PartnersInvesting
blog author avatar

Elle Phelps

Managing Partner & CEO

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