Recruiter's Glossary

Examples: Leasing Commission • Cash-on-Cash Return • Brownfield

Core-Plus

Term from Real Estate industry explained for recruiters

Core-Plus is a real estate investment strategy that sits between conservative (Core) and moderate-risk (Value-Add) approaches. It involves buying properties that are mostly stable and producing good income, but have some room for improvement. Think of it like buying a good house in a nice neighborhood that just needs some updates to increase its value. These properties typically have strong tenants and steady income, but investors might make some improvements to increase rents or reduce expenses. This strategy is popular among real estate investment firms because it offers a balance of steady income and potential for growth.

Examples in Resumes

Managed a $50M Core-Plus real estate portfolio achieving 15% annual returns

Identified and executed Core Plus investment opportunities in office and retail sectors

Led acquisition team for Core-Plus multifamily properties in major metropolitan areas

Typical job title: "Core-Plus Investment Managers"

Also try searching for:

Real Estate Investment Manager Asset Manager Portfolio Manager Real Estate Acquisitions Manager Investment Analyst Real Estate Investment Professional

Where to Find Core-Plus Investment Managers

Professional Organizations

Online Networks

Job Resources

Example Interview Questions

Senior Level Questions

Q: How do you evaluate a potential Core-Plus investment opportunity?

Expected Answer: Should discuss analysis of current income, tenant quality, market conditions, potential improvements, and expected returns. Should mention looking at both current cash flow and potential value appreciation through strategic improvements.

Q: What's your approach to managing risk in Core-Plus investments?

Expected Answer: Should explain balancing stable income with growth opportunities, tenant diversification, market analysis, and having clear exit strategies. Should discuss how they evaluate and mitigate various risks.

Mid Level Questions

Q: How do Core-Plus investments differ from Core and Value-Add strategies?

Expected Answer: Should explain that Core-Plus offers slightly higher risk/return than Core investments but lower than Value-Add, with some opportunity for property improvements while maintaining steady income.

Q: What types of improvements typically fit into a Core-Plus strategy?

Expected Answer: Should describe moderate improvements like updating common areas, minor renovations, or improving property management - changes that can increase income without major property overhaul.

Junior Level Questions

Q: What are the key characteristics of a Core-Plus property?

Expected Answer: Should mention stable income, quality tenants, good location, and some opportunity for value improvement through moderate updates or better management.

Q: What typical returns do investors expect from Core-Plus investments?

Expected Answer: Should know that Core-Plus typically targets returns between Core (7-9%) and Value-Add (13-15%), usually aiming for 9-12% returns through combined income and appreciation.