The following criteria are used to indentify multi-family properties for acquisition, management and future liquidation. These criteria are instrumental in providing LandPartners and its affiliates the opportunity to receive above average returns along with the safety provided by obtaining undervalued properties. Along with identifying undervalued properties to acquire, LandPartners will pay particular attention to properties which the company feels it can bring added value.
General Criteria
- Potential High Yield Income Streams
- Various capitalization rates depending on cash requirements, appreciation potential and subject investment.
- Price range normally between $1,000,000 and $20,000,000 (Prices should average 20% below replacement value)
- Cash Equity- "All Cash" or "Cash to Existing Debt"
- Value Add Opportunities sought
Property Criteria
Multi-Family residential apartments
- Class "B" and "C"
- Generally range from 50 to 500 units
- Primarily properties built in the 70s and 80s but open
- Pitched roof construction preferred but not mandatory
- Normally occupancy over 80%, however well situated properties with lower occupancy may be considered if a situation to add value is apparent
Self Storage Facilities
- Generally 100 to 1,000 units in size
- Strong Demographics
- Opportunity to add services and value
If you a property you would like us to consider, please provide the following:
We look forward to doing business with you.
