Back Nine acquires and operates high-quality multifamily properties in stabilized and growth markets.
Back Nine focuses on properties that are too small for the institutional investor, but are too large for most private investors. Back Nine believes that this less competitive marketplace provides more compelling investment opportunities.
Back Nine structures our investments to accommodate 1031 like-kind exchange investors in a way that balances tax objectives with critical asset management needs. In addition, we permit 1031 investors to reserve a future space in the investments we own, helping manage some of the timing risk in completing an exchange.
Back Nine has a long-term hold bias. We seek to maximize long-term wealth preservation and intergenerational wealth creation without the need to repeatedly look for new 1031 trade candidates.
Back Nine utilizes low leverage (typically no more than 55% of purchase price) with long term fixed-rate debt. We believe this conservative approach further mitigates the risks associated with changing market conditions.
Each asset will be owned by a maximum of five select and qualified investors. This is meaningfully different than historic programmatic 1031 transactions populated by dozens of smaller and less sophisticated investors thereby increasing the potential for complications during the life of the investment.
Back Nine has more than 70 years of combined real estate experience, totaling more than $3 billion in transactions nationwide, including $1 billion in 1031 exchange properties.
These materials do not constitute an offer or an invitation to acquire any interest in real estate or other investment product in any jurisdiction. These materials are not to be construed as investment or tax advice of any kind. An investment in any real estate owned or offered by Back Nine Apartment GP, LLC (“Back Nine”) may only be made by qualified persons pursuant to the terms of a definitive real estate purchase agreement. Back Nine does not provide investment recommendations, investment advice or tax advice.