Covenant focuses primarily on value-add investments in apartments throughout the Southeast and Midwest .

While open to opportunities wherever they can be found, Covenant focuses on markets and property types in which it has demonstrated expertise. The team focuses on generating premium returns to investors through its presence in target markets with generally less competition than primary markets, by acquiring assets whose fundamentals are under-priced, and by implementing a business plan to enhance value.

The team locates pricing anomalies by identifying situations where the real estate fundamentals are under-priced by the capital markets, and locates assets in markets with stable employment bases, supply constraints and sustained exit liquidity. In addition, Covenant seeks out properties and markets where the fundamentals are under-appreciated. Covenant has achieved superior returns through active asset management, repositioning assets through capital expenditures and marketing, and then selling to buyers with lower costs of capital.