As the founder of Faris Team, the highest-producing team in Canada, and a seasoned real estate expert with 16+ years of experience in the industry, Mark Faris has always been driven by the potential of real estate and the opportunities for wealth creation it provides.
This passion led him to establish a private equity firm dedicated to offering Canadians uncommon access to U.S. apartment real estate investments — a venture that has been both challenging and incredibly rewarding.
From Florida to founding Faris Capital Partners
Mark’s journey began in Florida during the COVID-19 pandemic, a period of unprecedented change and opportunity. Amidst this, he noticed significant untapped investing potential in apartments in the U.S., particularly in buildings where a value-add strategy can be employed.
This potential, however, remained largely inaccessible to Canadian investors. Recognizing this gap, Faris Capital Partners was born, aimed at simplifying cross-border investing and mitigating the complexities of dual taxation for Canadians. Learn more about Faris Capital Partners here.
Expertise at the core
At Faris Capital Partners, the approach to real estate investing is meticulous and driven by expertise. With a team boasting over 50 years of combined experience in real estate, and his leadership role in Canada’s top real estate team, Faris Team, Mark brings unparalleled knowledge to the table. His investment strategy is rigorous — analyzing over 100 deals to select “the one” that meets his high standards and projects substantial returns for his investors.
In the world of real estate investing, each deal tells its own story. As the founder of Faris Capital Partners, Mark has had the privilege of crafting many such narratives, but his latest project in Charleston holds a special place in his heart. As a broker and real estate expert, he has always believed in the power of transformative deals, and this one in Charleston is no exception.
Introducing the Charleston Portfolio
Let’s talk about the “Charleston Portfolio”, which is a testament to the team’s commitment to quality and value. Mark went on to say, “When the opportunity in Charleston presented itself, it felt like the stars had aligned. Charleston’s vibrant culture, rich history and booming economy made it an irresistible deal for our next big project.”
Comprised of two complexes built in 2003 and 2008, this 144-unit property represents a B+ asset in a B+ location in the Charleston, South Carolina MSA. Its proximity to major employment centres, like the Volvo Technical Center, Mercedes-Benz Center, Medical University of South Carolina and Roper St. Francis Healthcare, positions it uniquely for growth and tenant demand.
The Charleston Portfolio is not just an investment; it’s a vision for transformation. Mark’s strategy hinges on renovating 100 per cent of the classic interiors to platinum-level quality. This includes installing new vinyl plank flooring, granite countertops, stainless steel appliances and other modern interior features. These enhancements are projected to create a significant rental upside of approximately $320 per month per unit, a substantial increase that speaks to the property’s massive potential.
Moreover, the rebranding of the asset is integral to the strategy. With a new monument sign and improved marketing banners, Mark’s team aims to elevate the property’s profile, attracting a higher calibre of tenant and further enhancing its value.
Compelling returns for Canadian investors
For Canadian investors, the Charleston Portfolio represents an exceptional opportunity. With a projected 20.8 per cent average annual return (AAR) and a stable 6.5 per cent annual cash flow paid out monthly, this deal stands out in the market. The strategic location, coupled with the team’s comprehensive value-add strategy, positions this investment for significant growth and profitability.
What sets Faris Capital Partners apart is its commitment to offering Canadians seamless access to such lucrative U.S. real estate opportunities. The team navigates the complexities of cross-border investing, ensuring their investors earn passive income and reap the benefits without the typical hassles.
As he embarks on this exciting venture, Mark invites Canadian investors to join him and his team in benefitting from the Charleston Portfolio. At Faris Capital Partners, they’re not just investing in properties; they’re building generational wealth, creating value and opening doors to new possibilities.
Interested in learning more? Connect with Faris Capital Partners and explore how this investment can become a cornerstone of your portfolio. Fill out the form to learn more about the opportunity.
