Geographic Requirement
Value-Add & Mixed-Use Requirements
Turn Key Multi-Family Requirements
- Chicago MSA (preferred)
- Northern Indiana (preferred)
- Top 50 Markets of the United States
Value-Add & Mixed-Use Requirements
- Size: $100,000 to $5MM
- Capitalization Rate: >7.25%
- Unit Count: 3+ units (preferably 5+ units)
- If applicable, Commercial Component Lease Type: Short-Term Gross or Modified Gross Leases & Triple Net
- Occupancy Requirement: 75% occupancy for properties 5 units or less, 60% occupancy for properties with 6+ units
- Building Condition: Light to medium upgrades necessary with limited to no structural and/or CapEx repairs required.
- Rental Rates: At or under submarket rental rates
Turn Key Multi-Family Requirements
- Size: $100,000 to $5MM
- Capitalization Rate: >7%
- Unit Count: 3+ units
- Occupancy Requirement: 90% Occupancy
- Building Condition: Only cosmetic upgrades and/or appliance upgrades necessary.
- Rental Rates: At or under submarket rental rates