How Mayfield Investment and Management Success is Achieved

Over the last three decades, Mayfield Investment Company has found that a significant market niche exists for clean, good quality apartment homes in established, convenient locations.

The elements that we consider carefully when acquiring properties include:

• Established neighborhoods where character and value is intrinsic
• Sound construction and features that lend themselves to modernization
• A strong nearby employer base
• Conveniently located services and shopping areas
• Easy access to transportation
• Locations in cities with responsive government
• Ineffective management by the prior ownership
• Rental rates significantly below market for comparable properties

Mayfield's forte is acquiring, maintaining, and renovating apartment properties using a proven maintenance and design plan that has been repeated successfully.

Mayfield modernizes properties, where necessary, by replacing the old with up-to-date features: new kitchen appliances, built-in microwave ovens, new light fixtures and window coverings, a higher quality lighter color carpeting and matching vinyl floors, refinishing dark wood cabinets and walls to a lighter and brighter look, and upgrading the landscaping. These changes result in stunning apartments with beautiful common areas that are readily leased.

Mayfield's long and successful experience in the industry illustrates that repositioning these apartments achieves higher rents than any at other properties in the local area. Rental income and the profit from the ultimate sale of these properties have returned the funds spent on these renovations in multiples. The reason for this is simple: A market niche exists that will pay rents that are considerably higher than the average market if the product presented is high quality. A measure of Mayfield’s success is that Mayfield’s properties usually sell at record-breaking prices.

The Mayfield Experience is Quality and Property Value.