Our Acquisition Process

Acquisition Guidelines and Process

Take a moment and review our acquisition process before submitting any properties to us. This will save everyone time, and it will help you to determine if your property meets our guidelines.

What Type Of Properties Do We Purchase?

Apartments, Senior Housing, Student Housing, and Assisted Living Facilities.
TYPE: Garden Style AND High Rise,
AGE: Built 2000 Or later. Older properties must have been renovated.
UNITS MIX: 80 TO 550 UNITS
CLASS: Prefer CLASS A OR B. No Class C properties.
OCCUPANCY: 80% occupied or higher.

Retail Properties: Single Tenant Retail – At least 10 Years Remaining On Lease
Retail Properties: Multi-Tenant Retail: Must have national anchors occupying at least 60% of leasable space. 80% Occupancy Required.
No Strip Centers

Office Properties
TYPE:| Medical Parks| Business Parks|
AGE: 20 Years Old Or Less
CLASS: Class A and B ONLY
OCCUPANCY: 80% Occupancy Required
Hospitality Properties
TYPE: National Flags
AGE: 20 Years Young
CLASS: 5 Star Rating

Where Do We Purchase?

US Locations ONLY.
Prefer SE United States: Texas, Arkansas, Mississippi, Tennessee, Alabama, Georgia, Florida, North Carolina, South Carolina, Virginia, PA, New Jersey, Texas ~~New York.~~

Prefer West Coast United States: California, Nevada, Arizona, Oregon,
Coastal States: Inland properties only.
Excluding Alaska and Hawaii.

Types Of Properties We ARE NOT interested in?

No Raw Land
No Single-Family Homes,
No Mobile Homes,
No Gas Stations,
No Food Service Properties
No Industrial Properties
No Warehouses except National Brands Operational facilities.

Property Requirements?

Our general property investing requirements are:
1. All properties must be operational and at least 80% occupied.
2. We Only Invest In Class A and B properties.
3. Properties should be no more than 15 years
3. We do not purchase undervalued properties in need of renovations. We are not rehabbers.

Documents Required!

A. 2 Years Income And Expense Statements
B. Year To Date Income and Expense Statement
C. Current Rent Roll and Occupancy: 80% min.
D. Exterior Photos and Interior Photos If Possible
E. Current Leases on Retail Properties and Net Lease Properties
F. As much historical financial data as possible.
G. Sellers Motivation: Why Is the Property Being Sold!

Our Processing Timeline

Step 1: Document Review – 24-48 Hours
The First Step is to verify and review that all the essential documentation is included.
If not, we may or may not request the information.
If all the documentation is present, we then begin our analysis process and determine if it meets our investment requirements. If it does, file is then forward to our underwriting team for a closer analysis.
If underwriting approves the property, it is then sent to our acquisition team. The acquisition team will then prepare and submit and offer on the property to the submitting party.

Step 2: Document Review – 24-48 Hours
The LOI will be issued to the submitting party. It will specify the terms and conditions of the purchase and will contain the framework for the purchase contract. It’s important that the submitting party has access to the Seller or authorized party because:
1.Our initial offers are always a Full Price Offer. A signature will be required upon
acceptance.
2. We require a conference call with all partied to review and to discuss the LOI for clarity purposes.
3. Any objections or modifications must be in writing.
4. Our offers are typically valid from 3-5 days.

NOTE: You must be able to arrange this initial conference call with the Agent and the Seller.
If you aren’t able to do this then you shouldn’t submit a property to us.

Step 3: Acceptance Of LOI
If the LOI is rejected, we request that the rejection be in writing on page 5 of our LOI.
Verbal rejections are discouraged.

Step 4: Execution Of Contract And Earnest
Once all the terms of the LOI have been worked out and agreed to, we will execute a contingent free contract. Earnest monies will be help by our Attorney or a local title company. We do not deposit earnest monies into Agent’s escrow accounts.
Submit Your Property Below:

Do We Protect Brokers and Realtors?

Yes we do! But we require that all agents register before submitting any properties to us.
If the advent of a conflict, we will follow the process listed in our Submission Conflict Avoidance Policy.
If an issue

Submission Conflict Avoidance Policy

Once we receive your submission, we will check to see if it has been submitter already.
This search is done by a Your Name and Email Address. This is why you MUST register.
If your property has been previously submitted by another person, we will notify you of that fact.
If you have an exclusive listing and your property has been previously submitted by someone else, simply send us your documentation.
Upon receipt and review of your documentation, we will request the same information from the other party. The party with documentation will be the party we will work with.
In the event that both parties have documentation, we will work with the party that submitted the property first! We will adhere to “FIFO” Rules. First In and First Out!