WaveStone Properties develops and manages premium apartment buildings and condominiums. We focus on opportunities with high barriers to entry such as below-market acquisition cost, irreplaceable location, and restrictive development environments. Our operations are designed to be lean, innovative, and flexible. Our core competencies include project innovation, hands-on oversight, established financing relationships; pro-active investor relations; and property design and marketing.
Our operating philosophy is to remain lean and flexible, enabling us to adapt to changing market conditions and capitalize on market fluctuations. By leveraging longstanding relationships with architects, general contractors, subcontractors, and sales and marketing professionals, we maintain our efficient structure and capture the breadth of knowledge and depth of experience of our partners. Throughout the process, we remain in constant contact with our sales professionals, lending institutions, and investors to provide timely progress updates.
We believe good projects begin with the right acquisition price. This initial step requires knowledge of all project costs from acquisition through occupancy. To formulate a comprehensive understanding of costs, we take into account all aspects of the project including design, value engineering development, marketing and financing.
At the start of every project, construction professionals join architects, engineers, and design professionals to form a cohesive, multidisciplinary team. This team functions to develop efficient and marketable design strategies. Effective communication, tight project coordination and the close cooperation of the development team is required throughout the development process.
This approach-implemented by our proven, experienced team-has resulted in our securing a series of high-quality assets and creating highly marketable units. We are confident this approach positions us for continued growth and success. – less