Multi Family

Buying Criteria

The following criteria are used in identifying multifamily properties for acquisition, management and re-sale.  These criteria and the acquisitions that they produce, reinforce PineArk Investment’s philosophy of buying undervalued properties.

General Criteria

• Potential High Yield Income Streams

• Various capitalization rates depending on cash requirements, appreciation potential and property.

• We purchase properties in two ways: Financing once PineArk has the capability to arrange financing and Cash Equity – “All Cash.”

• Preferable off market properties.  Broker properties are welcomed.

• We will not pay full retail value unless you are willing to finance at very favorable terms.

 Property Criteria

• Multifamily residential apartments: TBD

• Property must be operational

• Property must be able to cash flow upon acquisition.

• We generally prefer class B and class C properties.

• Minimum size:  5 units up to 20 units.  Will consider 2-4 family with strong upside.

• Age – any age but preferably properties constructed in the early to mid-80’s.

• Roofs – prefer pitched construction.  But, will consider a flat roof based on price, age and location.

• Minimum Occupancy – 70-80% however, PineArk will consider lower occupancy of 50% on properties that require major renovation, if the properties are well located and present value enhancement opportunities.