Acquisitions
Our investment strategy is to acquire apartment
communities in growth markets across the U.S. and create value through
intensive asset management. We are actively pursuing acquisitions
ranging from $10MM to larger portfolios with no practical limit. Our
team can react quickly and efficiently to complicated transactions. We
also evaluate debt opportunities including note purchases, mezzanine
financing and securitizations. Since inception, we have acquired over
$2.5BN of apartment projects consisting of 40,000 units.
Targeted Markets
Bay Area
Denver
Las Vegas
Phoenix
Sacramento
Austin
Columbus
Dallas
Houston
San Antonio
Atlanta
Baltimore
Charlotte
Northern Virginia
Jacksonville
Orlando
Raleigh
Southeast Florida
Suburban Maryland
Tampa
Other markets considered on a deal by deal basis.
Acquisition Criteria
Project Size
Minimum 150 units. Portfolios are preferred.
Equity Contribution
$3,000,000 to no practical limit.
Asset Quality
Class A/B properties; other quality levels will be considered on a case by case basis.
Age
Typically 1980's and newer.
Design Type
All, with Garden style being the most preferred.
Acquisition Criteria
Properties requiring cosmetic or substantial rehab add value; under-performing properties which may have market-related and/or management induced problems; and package transactions.
Acquisition "Complexity"
Unusual or difficult issues and problems will NOT preclude interest in a property.
Financing
Financing will be in the form of new financing or assumption of existing debt, and in some cases all cash.
Cap Rates
Determined on a case-by-case basis.
Broker Relationships
Sourcing brokers will be protected and compensated for unlisted investments opportunities.