Asset Type:
Multi-Family Communities (Apartments)
Manufactured Housing Communities (Mobile Home Parks)
Transaction Type:
- $1 Million to $50 Million Asset Value
- 50+ Units
Age:
- 1970’s and newer preferred, but will consider all age properties
Target Markets:
- Nationwide strong growth markets and areas in the path of progress (midwest, southwest, southeast, other nationwide markets)
Locations:
- A or B class areas with strong demographics and local economic anchor (hospital, big business, mall, industrial plant, etc.)
Asset Quality:
- Class B to C properties
- Value-add opportunities preferred
- Underperforming properties with a strong potential for enhanced yields
Occupancy:
- Preferably 80% occupancy (will consider lower occupancy if property is well located and has value add upside)
CAP Rate:
- Case-by-Case
Target Return & Investment Period:
- 10%+ return on investment (based on stabilized financials)
- 7-10+ year hold period (medium to long-term)
WE’RE BUYING PROPERTIES
CONTACT US:
If you are currently considering the sale of an individual community or multi-property portfolio, our acquisitions team looks forward to working with you! If your community is not currently for sale, why not take this time to establish a relationship with us that might benefit both parties in the future?
Email your property packages to: