Existing Apartments

[Glen S.]

Looking for existing apartments

• Primary and secondary markets throughout the Southeastern U.S. with solid growth projections
• 1970-2000 construction, Class A, B & C
• 50-400 units per property
• $1M-$35M acquisition price
• Purchase price at an 8.0% capitalization rate on existing NOI with upside potential
• Onsite office and/or clubhouse facilities
• Unit renovations or other capital improvements needed
• Unused or excess land available for additional development
• Properties currently underutilizing existing zoning
• Newer construction Class A properties with near-term debt maturity or currently in default

Glen Stygar 919-214-1443