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Durable Income Stream
Back Nine’s multi-family focus eliminates the risk of single tenant, “all or nothing” investing and offers less volatility than typically found in many retail and office properties.
Inflation Hedge
With rolling twelve-month leases, multi-family investing offers a better inflation hedge than long-term fixed-rate leases typically provide.
Deflation Hedge
Similarly, multi-family lease schedules can also provide protection in the event of rising interest rates. Like bonds, long-term fixed rate commercial property leases tend to decline in value during rising interest rate periods, whereas rolling twelve-month apartment leases adjust more quickly to economic growth and changes in interest rates.
Long Term Demand
The Millennial population consists of more than 77 million people and is larger than the economy-changing Baby Boom generation. In addition, the Gen Z population (born between the mid-1990’s to the mid-2000’s) is even larger than the Millennial cohort, and currently makes up one quarter of the U.S. population. Back Nine believes there is no more durable and growing investment real estate sector than well located multi-family properties.
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Hands On
The principals of Back Nine are directly involved in all aspects of the business, from day to day operations to strategic planning and asset management.
Accessible
Back Nine’s principals are directly available to discuss strategy, markets, financing, and operational matters.
Transparent
Back Nine provides detailed quarterly reporting. In addition, the principals are always available to discuss any aspect of an investment.
Intergenerational Solutions
Back Nine aims to serve as a long-term steward, aiding investors and their heirs in wealth preservation and growth.
Relationship Focused
The principals of Back Nine have long established careers and reputations. This is our greatest asset. We encourage all Investors to ask their financial advisors, lawyers, accountants, and friends about the principals of Back Nine.
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Structure
Back Nine structures our investments to accommodate 1031 like-kind exchange investors in a way that addresses tax objectives with critical asset management needs.
Timing
In addition, we permit 1031 investors to reserve a future space in the investments we own, helping mitigate the timing risk in completing an exchange.
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True Co-ownership
Back Nine has full belief in our investments, as evidenced by the fact that we acquire assets before they are offered to investors. Consequently, we are prepared to own more or less of each investment for the long term alongside 1031 investors.
Co-investment
Back Nine retains at least a 10% ownership interest for which it has paid cash, as opposed to merely reinvesting fees.
Delayed Compensation
Our investments are structured so that we earn most of our compensation after investors receive their returns.
No Mark-up
Back Nine does not use broker dealers and does not mark-up transaction costs in order to charge hidden up-front fees.
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Conservative Debt
Back Nine typically utilizes long-term, fixed rate debt with conservative loans to value of typically 55%. Depending on the timing and availability, Back Nine may be able to tailor debt levels to individual investor needs.
Select and Qualified Investors
Back Nine’s structure permits no more than five sophisticated and qualified investors. This is meaningfully different than historic programmatic 1031 transactions with dozens of smaller investors which creates challenging execution risks during the life of the investment.
Long Term Hold
Back Nine believes in acquiring well located, quality investments with conservative debt levels and managing them effectively for the long term. We believe this leads to superior wealth creation and preservation.
Refinancing
Back Nine’s structure allows for refinancing, unlike Delaware Statutory Trust deals that are prohibited from refinancing, or that may be forced to sell at an inopportune time in the market.
Immediately Available Investment Opportunity
Back Nine purchases and finances assets, and then offers them to investors. This not only demonstrates our belief in our investments, but also significantly mitigates the risks of identifying a compelling 1031 exchange opportunity.
