Large Buyer of Multifamily Apartments

[Don Carter]

We have one of our immediate large buyers that is a Hedge Fund that is looking to buy multifamily apartments portfolios from $10MM -$25MM for each asset,they are looking for MFR at 150units+ in CA,AZ,Las Vegas and San Antonio,TX.

 

They want "Value Added" properties and their sweet spot are Class B and C properties,Rehab is OK,and these will be CASH purchases and they can close in 14 to 30 days,and they are looking for

a 8 1/2%-9% look back CAP Rate.

 

They are looking for immediate inventory that is "Off-Market" and non-shopped,if you are direct to the seller,contact me at: [e-mail]

 

Don

[Lynne Spencer]

Are you direct to the buyers/hedgefunds?

 

Thanks,

 

Lynne

[Don Carter]

Lynne,i am direct to the Buyers rep,and assuredly their is no chain,and as long as you have the Off-Market non shopped inventory,then we have an excellent chance of closing,of course this is always about mutual comfort level.Do you have existing invenory?

 

You can reach me at: [e-mail]

[Richard Hudson]

WOULD YOU BUYER BE INTERESTED IN HOUSTON AND LUBBOCK, TX I HAVE A CLASS B AND C MULTI FAMILIES.

[Lynne Spencer]

Are you direct?

 

Thanks,

 

Lynne

[Richard Hudson]

Yes, I'm the buyer's rep, I'm the point person and I'm alweays direct I dont deal with daisy chains what so ever. I have a partner on deals where we split points and some deals I don't have a partner, I'm always up front about that. Let me ask are you direct?

 

Richard Hudson

[e-mail]