Mergers & Acquisitions: Seeking Mixed Use Rentals

[Jonathan Buerkert]

So I'm not new but BP has certainly changed in 9 years.  Regardless of the new layout, I know there are people in here with access to the type of deals I'm currently seeking.  Background...the company I worked for since 2007 has recently been bought by a public, soon to be traded, Real Estate Investment Trust with a goal of aggregating 10,000+ units in the next 24 months (we're already a third of the way there).  Please reply if you have a deal you think we should consider. 

Example...through my network of agent contacts, I recently came across a portfolio of 400+ SFR, MFR, and commercial units in "nowhere" OH that a mom and pop operator had built up over the course of 3 decades. He's in his 70's now and is looking to retire...I got first look from an agent I have worked with in the past and periodically talk to now and again.

Parameters...50 to 500 or more units in one general area with management in place. No particular price, asset class, or market to eliminate yet but that's coming soon enough. I'll continue to post in this thread as we narrow the buying box. In the meantime, I have a template I can email you to get things started that will help me quickly analyze the CAP rate and opportunity so let me know if you have a deal in mind!