Hello Giovanni
We are seeking the following type of property:
-100 unit average +/- 20 units
-Price range between $1million and $3million.
- C" type property in "B +" neighborhood would be ideal
-cap rates presently around 8/9 and potential to make better.
- Regions; Texas, Arizona, Colorado, Oklahoma, Nevada, Utah
Following features would be a plus, but not a deal breaker.
-separately metered
-Pitched roofs
-More 3 and 2 bedroom units to 1 bedrooms
-more units to less buildings ratio (we would rather have 100 units in ten buildings versus 30 separate buildings)
Lets see what stirs up. We are in full momentum to get into contract before year end.
Thanks.