Acquisition Strategy

Our acquisition strategy is to acquire apartment communities in strategic markets throughout the United States that represent a value add component. We focus on long term demographics, niche markets where we can reposition, income improvements, and operational improvements.

Acquisition Criteria

  • 150+ Units
  • 1980s Vintage or Newer
  • Class B/C assets
  • Total Transaction size: $10mm-$25mm
  • Equity Requirements: $3mm-$10mm
  • Located in growing Southeastern/Midwestern markets with diverse economy
  • Submarket location with great proximity to jobs, retail, schools & recreation
  • Potential for income growth through combination of market factors, management, and capital improvement
  • Target Returns: 7-10% cash-on-cash
  • Levered IRR: 15%+