Acquisition Criteria

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

General Criteria

• Emerging market areas with strong short and long-term economic growth
• Various cap rates depending on cash requirement, appreciation potential and property
• Cash on cash greater than 8%
• Debt service coverage ratio of 1.5
• Price range is generally $1,000,000 to $15,000,000 – all good deals considered
• Cash Equity – All Cash or Cash to Existing Debt
• Value Add Opportunities Sought

Apartment Building Property Criteria

• Multifamily residential apartments
• Roofs with pitched construction
• Asset Class: C or B
• Property Location : C to B+ properties located in C to A areas
• Number of Units: Greater than 100 units
• Preferred Age: Properties built in 1980’s and newer
• Minimum Occupancy: 70% or greater, provided properties are well located and present value enhancement opportunities
• Preferred Markets: Texas, North Carolina, South Carolina, Tennessee, Florida, Georgia, Ohio, Alabama