Geographic Requirement

• 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