What is a good Denver Multifamily Deal?

[Taylor Jacobs]

I’m on the acquisitions team for a local development company based here in Denver. My job is to find development projects, but I come across a lot of other off market real estate deals that our company doesn’t focus on, mostly apartment buildings. I don’t necessarily want to pass on these as I know there are buyers out there, but I don’t know how MF buyers are valuing these deals. Is it merely a cap rate? Can any buyers out there give me some criteria that I should be asking these Seller’s to know if it’s a deal worth doing or not?