THE FIRM'S GENERAL ACQUISITION CRITERIA INCLUDE:
Market: Western United States.
Property Size: 30-150 units.
Location: Within 0.5 mile of any major University or College campus (20,000+ enrollment).
Criteria: Value added assets with under market rents/operational upside within walking distance to campuses that will benefit from operational efficiencies and/or renovations/conversions.
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: 3 to 5 years.
Investment Size: $5-50 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; will evaluate Class C product in select circumstances.