The Ferndale Realty Group will give serious consideration to acquiring properties with the following characteristics:
Location & Size
One hundred to five hundred unit apartment communities throughout the United States with a focus on the Midwest and Colorado.
Prefer properties built prior to 1980, but will consider newer properties under the right circumstances.
Typically all-cash transactions, but will consider assumption of debt if LTV can exceed 75% and appropriate yields can be achieved.
Notification of our preliminary interest in a property is generally within a few days of receipt of the following information.
- Current Rent Roll
- Operating statement from prior 24-36 month period
- Property Description
- Color Photographs (If Available)
- Comparable Rent & Sale Information (If Available)
- Current Tax Bill (If Available)
- Marketing Materials (If Available)
- Market Information (If Available)
- Recent Appraisal (If Available)
- Results of Detailed Property Inspection (If Available)
- Summary Information On Existing Staff Responsibilities (If Available)
- Financing Terms (If Applicable)