LOOKING TO SELL YOUR PROPERTY?
We can help.
Why should you consider selling your property directly to us?
- We can structure an offer that works best for you, such as including a shorter (or longer, if you want to do a 1031 exchange) closing timeframe, short due diligence periods, and no financing contingencies.
- We don’t need to overly disturb your tenants – we understand this can be a frustrating part of the sales process.
- We are capable, qualified buyers who have bought and sold over 100 units of multifamily real estate in our target markets. You don’t need to worry about our credibility or our ability to close.
- Since there aren’t any brokers involved, you’ll be saving 5%+ on closing costs!
Bottom line – we’re direct buyers who want to grow our portfolio and are looking to speak with sellers who own multifamily properties!
What is our acquisition criteria?
- Long Term Growth Markets Which Offer Both Equity Growth and Cash Flow
Philadelphia Metropolitan Markets
Including five Pennsylvania counties – Philadelphia, Bucks, Delaware, Chester, and Montgomery counties, but excluding New Jersey and Delaware. We look to invest in markets with the big three favorable metrics, population growth, job growth, and income growth. The submarket also needs to support rent growth and a value-add business plan. - True Value-Add Multifamily
Compelling Ownership Stories
We look for compelling “stories” as much as we do financial metrics, physical attributes, etc. This translates to current, in-place below market rents, mismanagement, deferred maintenance, hidden income potential, and misalignment between ownership and property. - Class C/B Properties, Specifics Are Market Dependent
1960s – 2000s
While our criteria differs based on market, we look for city utilities and prefer some construction styles such as pitched roofs, properties with larger bedroom counts, etc, however it’s not critical. We are looking for apartment complexes in the 4 – 45 unit range. - Return Requirements Dependent on Market
Calculated With Conversation Underwriting
While our return requirements will differ based on product class and market strengths, we like to see project level returns of at least 17.5 IRRs, 8.10% CoC, and a 2.35x Equity Multiple. This can differ depending on the risk and business plan for each deal.