ApartmentVestors focuses on multifamily assets.
Multifamily Investment Criteria:
Property Type: Class B multifamily stabilized or with reposition opportunities.
Locations: Primary and secondary cities throughout the Midwest that maintain growth.
Target Property Size: 100 units or larger
CAP Rates: Market rates
Deal Size: $3,000,000 - $12,000,000, with $1 to 2 million in funds provided is the “sweet spot”. Larger and smaller deals will be considered on a limited basis.
Cash Equity: “All Cash” preferred, but will also consider the assumption of existing mortgages.
Additional Property Criteria:
Age: Prefer properties constructed in the mid-1980s and newer, but will consider others on a case-by-case basis.
Roofs: pitched construction
Utilities: Individually metered
Minimum occupancy: 80%. However, we will consider reposition opportunities if the properties are well-located and present value enhancement opportunities
Value Add: Consistently looking to acquire assets with opportunities to add value through physical improvements, curing of deferred maintenance or opportunities to improve management efficiency.