ACQUISITION CRITERIA

PRICE/UNITS
  • $40-$80 million
  • 100+ Units

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

CONDITION OF PROPERTY
  • New Construction to value-add opportunity assets
  • For value add - prefer communities that require:
    • Interior / Exterior Rehabilitation
    • Suffers from Mismanagement
    • Repositioning

AGE
  • 2010 or newer with a strong preference for new construction
  • Will also consider 1990’s construction with a value-add component

FINANCING
  • All transactions closed with RK Properties capital (no equity partner)
  • No financing contingency
  • Cash to new loan max 65% LTV
  • 21-30 day due diligence
  • 30-60 day total closing