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APARTMENT ACQUISITION CRITERIA
McCann Realty Partners, LLC, (MRP), seeks
to acquire well-located multifamily assets in select markets,
primarily in the southeast and adjacent regions, with particular emphasis on the Virginia, North Carolina, Atlanta, Dallas/Fort Worth and DC/Baltimore markets. The desired investment includes class A, B, or C quality in class A or B locations. We will consider garden, mid-rise and high rise communities as well as assets that can benefit from renovation and repositioning.
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Regions: |
Washington
D C/Baltimore
Virginia Northern VA, Richmond, Tidewater, Charlottesville
North Carolina Charlotte, Raleigh, Greensboro, Wilmington
Dallas/Fort Worth, San Antonio
South Carolina, Georgia, Florida, and Tennessee |
| Category: |
Class
A, B, or C communities. Rehab and repositioning properties
considered. Will consider conversion of building not currently
operating as residential; e.g. warehouse to multifamily
residential and/or mixed use. |
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Size: |
150
units or larger. |
| Terms: |
Typically
all cash but will consider assumption of existing financing
or seller financing. |
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Submittal
Information: |
Location
map and area description
Aerial photograph of site and vicinity
Complete property description
Color photographs
Current tax bill
Three years operating statements plus current YTD
Current and past three months rent rolls (including concessions
and delinquencies)
Terms of financing including prepayment provisions, if
any (if assumable)
Detailed market data (include sales and rent comps)
Capital improvement listing for the last five years |
| Contact: |
Brand
Inlow |
DEVELOPMENT ACQUISITION CRITERIA
McCann Realty Partners, LLC, (MRP), seeks to acquire well-located land to develop multifamily communities in select markets in the southwest, with particular emphasis on Dallas/Fort Worth, Austin, San Antonio, Houston and Phoenix.
Regions: |
Southwest
Dallas/Fort Worth, San Antonio, Houston, Austin
Phoenix |
| Category: |
Well-located land in strong submarkets including infill locations for development of multifamily residential communities. |
Size: |
150
units or larger. |
| Terms: |
Typically
all cash but will consider assumption of existing financing
or seller financing. |
Submittal
Information: |
Location map and area description
Aerial photograph of site and vicinity
Plat or parcel plan
Current tax bill
Market data (include sales and rent comps)
Zoning and entitlement status
Cash Proffers
Any offsite or other extraordinary development costs |
| Contact: |
Mark Wood |
| Portfolio
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