$1 – $45 Million
Minimum 100+ Units
B+ to C+ class multi-family properties; Prefer B class in A market and C+ class in B market opportunities. Will review distressed A class deals in markets with 1MM+ populations.
8% cash on cash return (based on current financials)
5-7 year hold period (medium to long- term)
Prefer stabilized properties. Minimum 85% occupancy. Will consider lower occupancy if property is well located and has value-add upside.
Potential high yield income streams
20% below replacement cost
Cash equity-“All cash” or “Cash to existing debt”
Value-add opportunities sought
Preference is 1978 and newer, but will consider all age properties
Utilities-Prefer individual metered units but not required
Roofs- Prefer pitched roof construction but not required
Nationwide growth markets
Location
B+ to C+ trade areas with strong demographics and econimic diversity
Premier Properties-Prefer stabilized properties with minimal deferred maintenance but will consider others if well located and possessing a strong, value-add upside opportunity.
