Acquisition Criteria
Our many years of experience in the multi-family residential market have allowed us to develop a set of acquisition criteria that maximizes the potential of a given property to add value to the investment of our partners.
Multi-Family Property Criteria
- Minimum value of $8 million for existing communities
- 100+ units
- Value-added or rehabilitation opportunities
- Bond-financed and market rate communities
- Targeted metropolitan markets
- A or B Locations
- A, B or C Properties
Multi-Family Targeted Metropolitan Markets:
- Northern and Southern California
- Las Vegas
- Salt Lake City
- Chicago
- Denver
- Seattle
- Phoenix
- Portland
Manufactured Housing Criteria
- Located within California
- 100 spaces minimum
- Non rent control parks preferred
- Market rate, Senior and RV parks
Information Requirements
- Seller - Owner identification and form of ownership.
- Reason for sale
- Location - Address, location maps (neighborhood, city and region).
- Operations - Operating statement for the last 3 years, including improvement costs, as well as current rent rolls.
- Market - Supply/demand factors, competitive properties, comparable leases, comparable sales, new construction activity, available land and replacement cost estimates
- Photographs - Aerial, interior and exterior photographs
