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

United States map showing McDowell Properties targeted markets

West
Bay Area
Denver
Las Vegas
Phoenix
Sacramento

Central
Austin
Columbus
Dallas
Houston
San Antonio

East
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.



Acquisition Contacts


Jake Gentling
Managing Director, Acquisitions
415.216.1633
jgentling@mcdprop.com
Brittany Burckhard
Assistant Vice President, Acquisitions
415.216.1615
bburckhard@mcdprop.com