Multifamily Investment Criteria/ Deal Flow Deal Process
Markets • • • •
Nashville Dallas Houston Atlanta
• • • •
Charlotte Raleigh Wilmington Charleston
• • • •
Greenville Jacksonville Orlando South Florida
Price: $15 - $60M Units: 100 – 350 Vintage: 2000+ Class: A Investment Terms: 3 – 10 Years Leverage Maximum: 65 – 85%
Project IRR: 10-15% Equity Multiple: 1.8X over 5 years Cash on Cash: 5 - 7% See pg. 8 for projected investor returns
• •
500+ deals per year More Detailed underwriting on a selection of deals that adhere to our investment criteria
• •
200+ offers per year LOIs are submitted at pricing which exceeds our target returns
• •
4-6+ Deals per year We aim to close 1-2 transactions per quarter.
Underwriting
LOI
Target Returns • • • •
Source/screen 1000+ deals per year Continuous pipeline of opportunities and high-level review of each
Sourcing
Assets • • • • • •
• •
Acquisition
5
