Acquisition Criteria

The following criteria are used to identify undervalued multifamily properties for acquisition, value optimization, management and disposition.

Market Segments

  • Age: The 18 to 34 year old market segment comprises 22% of the U.S. population
  • Income: Renters who earn $35,000 and less annually
  • The retiring Baby Boomers are scaling down and are enjoying carefree multifamily community living.

Property Criteria

  • Multifamily residential apartments
  • Roofs with pitched construction
  • Minimum Occupancy 80% with the exception of properties that require renovation, providing properties are well located and present value enhancement opportunities

Target Values

  • Size and Price: 100+ units in the $5MM – $15MM range
  • Returns: 15-20% Cash on Cash, minimum Debt Service Coverage ratio of 1.5
  • Type: C- to B+ properties located in C- to A areas
  • Location: Emerging market areas with indicators for strong near and long-term economic growth

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