Multi-Family – Acquisition Criteria

Investment Objective

3 Pillar Investments, LLC has yield requirements that take into consideration the risks and opportunities presented by each market environment. 3 Pillar Investments, LLC focuses on sub-markets of growth and stability and properties below replacement cost. We prefer stabilized markets requiring a renovation or upgrade where the asset class is below that of the other competitive properties in its market.

Acquisition Criteria – Multi Family

Property Type Multi-Family Units
Asset Class B to C assets
Occupancy 80% or better – preferred but not required
Location Quality A+ to C+ areas
Number of Units 50 – 250 units – single asset or portfolio
Property Age 1978 and newer preferred
Structure Financed, loan assumptions, all cash, seller held notes, case-by-case
Stabilized assets, operational and physical re-positioning

Re-positioning is implemented by establishing an efficient property management and well run maintenance team. After stabilizing the project, 3 Pillar Investments, LLC looks to sell or retain the community as a well-run lucrative asset within three to five years.

Preferred Markets

Florida, Georgia, Tennessee, North Carolina, South Carolina, Nevada, Arizona, Colorado, New Mexico, Texas