QR Capital’s Daniel Malino is fresh off the heels of purchasing two sizable apartment complexes in metro Atlanta. Founded just two years ago in the height of the recession, QR Capital manages approximately 1,600 apartment units located in Georgia and Florida. Lucky for us, we get to work with these guys and served as the company’s legal counsel during its recent acquisition of Gwinnett Station and Concord Village. Please welcome Daniel, our multifamily expert and this week’s Four on Friday guest.
DM: There are a number of companies managing and operating multifamily properties. However, in addition to our operations background, we have capital markets and structuring expertise that helps us with creative deal making while allowing us to utilize a variety of capital tools to minimize risk to and maximize returns for our investors. We believe that our knowledge of both property operations and capital markets allows us to provide our investors with a unique value proposition.
HS: What is QR Capital’s business strategy?
DM: QR Capital focuses on acquiring underperforming and/or distressed multifamily properties. We focus on acquiring assets where we can optimize the operations and actively add value through our management/renovation expertise.
HS: What trends are you seeing in multifamily and how does Atlanta measure up?
DM: The long term demographic trends in the Southeast favor strong growth in the multifamily sector in a way that we believe will outpace the rest of the country. While Atlanta has experienced substantial economic disruption and continues to suffer from high unemployment, the disruption has been a source of opportunity for QR Capital, affording us a number of excellent buying opportunities.
HS: What might we find you doing in your free time?
DM: I have a lot less free time now that I have two young children. However, I enjoy golfing, shooting hoops and boxing. I also love playing jazz on the piano and guitar.