Multi-Family Acquisition Criteria
Target Markets: Midwest, Southwest and Southeast United States
Deal Size: Greater than 150 units. We will consider smaller properties where we have an existing local presence.
Asset/Class: Garden or mid/high-rise. Minimum C+ or better location/submarket. We are attracted to both value added (physical/management) and stabilized opportunities.
Transaction Type:
- Market Rate/Conventional
- Cash-to-mortgage
- Subsidized/Sec. 42
- Purchase Partnership Interests
- All Cash
- Purchase Debt
Initial Information:
- Previous two years and year to date operating statements
- Current rent roll
- Description of site and improvements
- Description of any existing debt
- Asking Price