Buy Box/Criteria DC

[Troy Nelson]

So small fish in a big pond looking for insight. What are you or your cash buyers buying at in DC? 

Some of my buyers stay at 70% ARV no matter what, no matter where. Some do 80% all day. Some do 80% uptown, 70% anything over the bridge on the southside.

Multifamily cap rates as low as 7% uptown and 7.5% across the bridge. 

Thoughts?