Seeking multifamily, 80+ units, 1965+, individual electric or RUB, A/B/C

I represent an all cash buyer seeking property for immediate acquisition. This particular client is NOT seeking owners to carry financing, wraps, master lease options, etc. They are a cold cash closing buyer.

• Where: Nationally
• Property Type: Multifamily, Garden or Low Rise
• Class: A, B, or C
• Occupancy: Must be at least 50% occupied
• Age: Must be 1965 or newer
• Metering: Must be individual electric meters or established RUBBs
• Unit Mix: Good mix preferred (i.e. frowns on all one bedroom deals)
• Pricing: $1,000,000 and up.
• Units: Must have at least 80 units
• Other: Prefers value added properties or properties that need to be repositioned. Mismanagement, high vacancy, deferred maintenance, minor to moderate rehab, high expense ratio, below market rents, etc. all ok. Bankruptcy, REO, Foreclosures, etc. all ok. THEY LIKE PORTFOLIO DEALS but will do individual property purchases also.

What we need to evaluate the deal in order to reply to you with interest?
• Current BPO or Appraisal
• YTD Income and Expense Report
• Most Recent Rent Roll
• Sales Package

How large is your buyer’s appetite? I have a rather unusual portfolio of 1900 units primarily apartments, garden homes and some single family residences, all debt free. Owner would love to be cashed out and deal could be configured in a number of ways. Let me know, Robert

Benjamin, do your buyers have an Interest in Arizona? We have an abundant amount apartments that meet the cirteria. Please advise.

@Robert Mc Cumsey: You should have a direct response on your question now.

@Mark Andres: Nationally. Send me a CA to [email protected].

@Bill E. Nettles: Send me data on markets served. We're not normal buyers so due diligence, property inspections, etc. are handled in a "funky" way. My email is above.

I have a deal in San Antonio right now that fits your criteria. Please call me at 512-904-9900 to discuss.

Robert,

Please contact me regarding the 1900 units at [email protected].

Thank you

Hello I have Acess to the Multifamily 80+ units your buyer is looking for. Please send me your contact phone number as soon as possible and I will contact you with further details.

I have a client that wants to sell a 20 unit property in downtown Augusta GA. It is listed at a great price. I know that is below your mark but, if you have any other clients interested. Please let me know

Chiccorra Connor
www.occupancyheroes.com

Hello Phillip,

I have access to properties that meet your criteria looking for buyer, equity or debt partners for purchasing off market commercial REO's. If you are interested contact me.
[email protected]

Please get with me on this.
580 618-2443

Asset Class: Apartments
Property Condition: Class A, B or C (unfinished or rehab)
Min. Occupancy: 30%
Min. Price: $3.5MM
Max. Price: $15MM
Days for DD: 30
Days to Close: 45
Locations: CA
Going in Cap: not important. Looking for a 12-20% IRR (Initial Rate of Return) after
rehab and lease up.
Looking for unfinished development or rehab/repositioning properties.

robert, I would like to see your inventory

please send me your criteria, so we can better pinpoint your projects you are looking for
thanks for your time
mr skulka