$385M, CMBS Maturity, 2,750 Multifamily, 6.5% Cap
All,
I need an institutional, family office and/or Hedge Fund interested in a 24 to 36 mo term, with the IRR into the high teens to low twenties percent return. Exceptional portfolio of Class B & C+ properties. The NOI is $24.7M. Occupancy 90% (+/-). Strong sponsorship. 12 properties in 7 States.
Exit will be either the refinancing each through one of the Agencies (Freddie / Fannie) or HUD. An UpREIT execution is very interesting for the right Preferred Equity partner as we look towards the $500M valuation over 36 to 60 month exit strategies.
I'm sourcing some Sovereign Funds and if you have access that can be expeditiously sourced, please advise.
Financials (USD)
Net Operating Income (Annual) Not Disclosed
Asking Price Not Disclosed
Cap Rate Available On Request
Deal Terms
Broker Co-Op? Available On Request
Seller Financing Available? Available On Request
Seller Willing To Lease? Available On Request
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum. Read DealStream's Terms Of Use before responding to any listing. Learn how to stay safe in our marketplace.
Request Information
Want to learn more about this listing? Log in now. New to DealStream? Discover how artificial intelligence can help you find better deals! Sign up for a Free Account today and get your first Search Genius deal tomorrow.
Sign UpDealStream Awards & Reviews
