Our Strategy

At Bluebird, our primary goal is to provide stable returns and cash flows to our investors while minimizing risk. To achieve this, we specialize in acquiring industrial, flex, and medical office properties in major Midwest markets that have under-market rents and low basis.​ We believe that by acquiring undervalued properties, we can add value through various strategies such as leasing activity and updating the space. This approach allows us to generate favorable returns for our investors while maintaining a conservative risk profile.​ Our focus on major Midwest markets is based on the region's strong economic fundamentals and growing demand for commercial real estate. Additionally, by targeting industrial, flex, and medical office properties, we aim to provide our investors with a stable income stream and lower turnover rates compared to residential properties. Overall, our strategy is to be a value investor in the commercial real estate space, acquiring undervalued assets and creating value through strategic improvements. We believe this approach will allow us to deliver stable returns and cash flows to our investors over the long term.
Low Basis
Undermarket Rents
Low Vacancy Regions

Value Add

Investment Profile
5 year Hold
15% - 30% under market rents
3.00% - 5.00% Cash on Cash Returns
15.00% - 20.00% Internal Rate of Return
2.00x - 2.50x Multiple​

Core Plus

Investment Profile
5 year Hold
10% - 20% under market rents
5.00% - 8.00% Cash on Cash Returns
12.00% - 15.00% Internal Rate of Return
1.75x - 2.00x Multiple​