THE FIRM'S GENERAL ACQUISITION CRITERIA INCLUDE:
Market: Western United States.
Property Size: 50-1,000 units.
Location: Adjacent, close proximity and/or easy pedestrian access to major University and College campuses (20,000+ enrollment).
Criteria: Core and Core plus assets with some rents/operational upside that will benefit from leasing and operational programming changes.
Key School Markets: USC, UCLA, UC Berkeley, UC Davis, UC Riverside, UC Irvine, San Jose/San Diego/San Francisco State University, CalState Fullerton/Northridge/Long Beach/Los Angeles/Pomona, UNLV (Las Vegas), University of Washington, UT Austin, UT Arlington.
Investment Hold Period: 5 to 10 years.
Investment Size: $10-500 million.
Financing: Ability to obtain new financing or assume existing debt through existing established lending sources.
Building Type: Garden-Style, Low/Mid/High-Rise, Dedicated Student Housing, Mixed-Use Apartments.
Property Class: Class A and Class B product.
Investment Type: Fee simple, partnership interests, loan assumptions and multi-property portfolios.