Acquisition Criteria

BUY: Multi-family Apartment Community Acquisition Criteria

• 200 units minimum. No maximum.
• A and B-rated properties at prices below replacement cost.
• Potential to enhance value through the following business strategies:
  
  • Asset repositioning through a capital investment program
  • Correction of deferred maintenance
  • Improved professional management and revenue/cost control
• Strong locational qualities with significant visibility, easy access, located along traffic corridors.

Property submissions should include the following:

• Location of the property (including radius map, aerial photograph, site map, and plat map)
• Description of the property (including physical address, tax assessor identification number(s), land area, size of improvements, age, condition, unit mix, unit sizes, interior improvements, amenities, and utility responsibilities)
• Financial data (including current rent roll, previous year and year-to-date operating statements, occupancy history, capital improvements history, and existing financing information if pertinent.
• Asking terms (including price and closing schedule)
• Your contact information (including name, address, telephone number, fax number, cellular/mobile number, and e-mail address)