Investment Criteria
Our firm is strategically focused on acquiring multifamily residential projects primarily within the dynamic markets of California, Nevada, and Washington. We maintain a flexible approach, open to considering exceptional opportunities across the United States. Leveraging our localized market knowledge, we can analyze deals quickly and efficiently. We value building strong relationships with brokers and welcome the opportunity to review potential transactions.
Geographic Focus
- Primary Regions: Strong preference for multifamily residential projects located in California, Nevada, and Washington.
- Nationwide Consideration: Open to exceptional opportunities across the United States.
Project Characteristics
- Minimum Unit Count: Seeking properties with at least 110 units.
- Value-Add Potential: Interested in properties that offer potential through maintenance updates, operational enhancements, or amenity improvements.
- Preferred Locations: Properties ideally situated near essential services such as retail / entertainment centers, transportation hubs, and employment districts.
- Building Grades: Focused on acquiring "C" to "B" grade buildings in neighborhoods rated "B" or higher.
Financial Criteria
- Investment Size: Targeting investments ranging from $10 million to $80 million.
- Construction Age: Properties constructed post-1980 preferred.
- Purchase Flexibility:
- Open to "all-cash" purchases and properties with higher vacancy rates.
- Favorable view on properties with assumable loans or potential for seller financing.
- Unit Specifications: Preference for larger floor plans beginning with one-bedroom configurations.