ACQUISITION CRITERIA

PRICE/UNITS
  • $5-$45 million
  • 75+ Units

LOCATION/AREA
  • Primary - Arizona, California, Colorado, Florida, Georgia , Nevada, and Utah
  • Other areas of interest- Louisiana, North Carolina, Oregon, South Carolina, Texas, and Washington
  • Condition of Property
  • B- to A+ areas & assets with high growth potential

CONDITION OF PROPERTY
  • Value added opportunity to pride of ownership assets
  • Turn-key, stabilized REO and distressed assets
  • Value added opportunity to pride of ownership units
  • For value add - prefer communities that require:
    • Repositioning
    • Interior/Exterior Rehabilitation
    • Suffers from Mismanagement

AGE
  • Strong preference from 1990 or newer (but will consider all ages)

FINANCING
  • No financing contingency
  • Cash to new loan max 65% LTV
  • 21-30 days due diligence

30-60 DAY TOTAL CLOSING
  • All transactions with RK Properties capital (no equity partner)