Investment Criteria
Transaction Size
~$2 million to $25 million
Asset Type
B/C class multi-family properties in B/C class neighborhoods
90+% occupied assets capable of obtaining long-term debt
Ratios and Exit
Capable of achieving 7-8% cash on cash return at takeover in primary markets or 8-10% in secondary or emerging markets
A debt coverage ratio of 1.5
5-7 year holds
Target Markets
Primary and emerging markets nationwide with a focus on Mississippi, Texas, Alabama, Ohio, Tennessee, Illinois, Wisconsin, and Indiana
Target Markets
Primary and emerging markets nationwide with a focus on North Carolina, South Carolina, Georgia, Tennessee, Texas, Illinois, Mississippi, and Alabama.