The following criteria is used to identify undervalued multifamily properties for acquisition, value optimization, management and disposition.
People ranging between 18 to 34 years old make up 22% of the U.S. population
Income: people who earn $35,000 and less annually
The retiring Baby Boomers are settling down and are enjoying the comfort of multifamily community living.
Multi-family residential apartments
Minimum Occupancy 80% with the exception of properties that require renovation
Properties are well located and allow for great value opportunities
Size and Price: 100+ units in the $5MM – $15MM range
Returns: 15-20% Cash on Cash, minimum Debt Service Coverage ratio of 1.5
Type: C- to B+ properties located in C- to A areas
Location: Emerging market areas with indicators for strong near and long-term economic growth