Elijah Wooten

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Consultant

Is Looking For

50-300 Unit Multifamilies in South Florida

Client Want

Description:

Transaction Size:
$2 million – $40 million

Property/Portfolio Size:
50 – 300 units

Property Types:
C+ to B multi-family properties are preferred in B to A markets
Mixed-use properties with over 90% residential housing
Self-storage facilities
Mobile home parks

Age:
1978 and newer is preferred

Target Markets:
The entire southeast (with a focus on Florida); where taxes and regulations are not as burdensome.

Areas:
C+ to A+ locations with economic diversity and strong demographics
Target Return:
8%+ Cash-on-Cash Return
15%+ Internal Rate of Return

Other Parameters:
Value add opportunities
Asset acquisition at cyclical lows (20%+ below replacement cost)
Areas experiencing gentrification are preferred

Listing Types:

Mixed Use Multifamily Special Purpose

Price Range :

$2,000,000 to $40,000,000

Locations:

Broward County, FL, USA

Details:

Cap Rate: Over 6%

Units: 50 to 300

Last Updated: 07/18/2019

Created: 2019-07-16T17:45:24Z

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