Investment Criteria > Acquisition

Acquisitions 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 other major markets in the Texas and DC/Baltimore markets. The desired investment includes Class A, B quality in B+ or better locations. We will consider garden, mid-rise and high-rise communities, as well as assets that can benefit from renovation and repositioning.

Regions:

• Washington, DC/Baltimore
• Virginia – northern Virginia, Richmond, Tidewater, Charlottesville
• North Carolina – Charlotte, Raleigh, Greensboro, Wilmington
• Texas – Dallas/Fort Worth, San Antonio, Houston, Austin
• South Carolina
• Georgia
• Florida
• Tennessee

Category: Class A or B communities. Rehab and repositioning properties considered. Will consider conversion of a building not currently operating as residential; e.g., warehouse to multifamily residential and/or mixed use and TOD assets.

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
• 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 (if assumable) including any prepayment provisions
• Detailed market data (include sales and rent comps)
• Capital improvements listing for the last five years

Contact: Brand Inlow (804) 290-8870

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