Orion’s existing assets ownership strategy looks for balanced risk adjusted opportunities generating both cash flow returns and capital appreciation. Within Orion’sownership strategy we primarily focus on urban infill value add or redevelopment opportunities.
Orion invests in assets with significant opportunities for income enhancement. primarily through improvements in occupancy and rents. We predominantly look for assets in urban infill areas in metro markets/sub-markets experiencing significant job growth. Targeted assets can be office only or have a combination of office, light industrial and street frontage retail. A secondary focus of our office strategy is Medical Office Buildings that are in proximity to major medical centers.
Our residential strategy is aligned to benefit from the migration of millennials and baby boomers toward the urban core. Shorter commute as well as more in-town social opportunities are making urban infill residential locations very desirable. Under our residential ownership strategy, we look for opportunities where we can either add value to an existing residential building or adapt an existing building to a residential use. Often times, residential use is a central component of our mixed use strategy. We target three different residential asset types – Multifamily, Student Housing or Senior Housing.