Rodney Cilien

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Principal Buyer

Cilien Capital

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Owner/Investor

Is Looking For

5-20 Units C or B Class Multifamily

Acquisition Criteria

Description:

Deal Requirements:
Only investing in multi-family no other asset classes at this time.
Must have value add component
Must hit 15% IRR, no longer than 5 year term
Exit can be through sale or refi as long as 15%+ IRR hit
Minimum IRR is 15%, however, preference will be given to opportunities 20% or above.
Investment area Southeast states, property must be in a stabilized area with growth potential.
Max units 20 per property
Class property B/C (value add)
Year 1 COC maybe 8% or below as long as subsequent years hit 8% or above

Listing Types:

Multifamily

Price Range :

Under $2,000,000

Locations:

Florida, USA Georgia, USA North Carolina, USA Texas, USA South Carolina, USA

Details:

Cap Rate: Over 7%%

Units: Under 25

Last Updated: 07/06/2020

Created: 2020-07-03T22:37:23Z

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