Question 1

What types of multifamily properties do you buy?

Accepted Answer

We acquire 25–500 unit apartment buildings. Properties should have established rental history and be located in our targeted markets.

Question 2

How do you determine the purchase price?

Accepted Answer

Our offers consider recent comparable sales, current market cap rates, property condition, rental income, and location. We aim to provide competitive pricing that reflects current market conditions.

Question 3

Do you require properties to be fully occupied?

Accepted Answer

While stabilized properties are preferred, we’ll consider buildings with reasonable vacancy rates. We evaluate each property individually based on its rental potential and market conditions.

Question 4

Can you close on properties with existing management contracts?

Accepted Answer

Yes. We can work with existing property management arrangements or handle the transition to our preferred management partners as needed.

Question 5

What markets do you buy in?

Question 6

Do I need to provide financial records for my multifamily property?

Accepted Answer

Yes. To evaluate your property accurately, we’ll need rent rolls, operating statements, tax returns, and any capital improvements. This documentation helps us understand your property’s performance and provide a competitive offer. Our team will guide you through exactly what’s needed during the initial conversation.

Question 7

Can you purchase multifamily properties with deferred maintenance?

Accepted Answer

Yes. We’ll consider properties with deferred maintenance and factor the necessary repairs into our offer. This allows you to sell without having to invest additional capital into repairs or upgrades before closing.

Multifamily Sales