John Howard

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Principal Buyer

PAX Properties

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Owner/Investor

Is Looking For

Southeast Multifamily Value-Add

Buyer Want

Description:

100+ to 1,000 units
Light value add to Turnkey
C+ property or better in B-areas or better
Pro forma cap rate of 5.5 or better for light value add; of 5 or better for turnkey

We are also able to assume unattractive debt or, alternatively, pay all cash and close quickly if that is a benefit to the seller. For all-cash purchases, we can do up to $30mm. For leveraged purchases, up to $100mm.

We are interested in listed and off-market properties alike. Though we have a brokerage, we are acting as principals for our own portfolio and do not look to participate in a co broke. Instead, we are interested in building long-term relationships with brokers such as yourselves.

Listing Types:

Multifamily

Price Range :

Any

Locations:

Florida, USA Georgia, USA North Carolina, USA South Carolina, USA Tennessee, USA

Details:

Cap Rate: Over 5%

Units: Over 100

Last Updated: 12/17/2020

Created: 2020-12-17T22:30:32Z

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