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IDEAL
Capital Holdings, LLC (The IDEAL Cos.) is aggressively seeking to
acquire core, core plus and value-added apartment communities in key
metropolitan areas. If you feel you have a property we should evaluate
please review the acquisition criteria below.
In
general, we look for opportunities to increase value through capital
improvement, lease-up, and repositioning of well-located
management-intensive assets. Value-added potential preferred in supply
constrained and/or recovering markets.
Primary Target Markets: We
seek affordable, middle-market, market-rate multifamily, student
housing, and multi-tenant medical office projects in major metropolitan
areas and growing markets nationwide. Well-located
properties that are under-managed or present a value-add enhancement
opportunity through interior and/or exterior renovation.
Acquisitions Criteria: To complete a preliminary pricing analysis, The IDEAL Cos. requires the following information:
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Full property description
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Previous year's year-end operation statement
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Current Tax Bill
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Terms of financing (if assumable)
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Market information
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Color photographs (including sales and rental comps)
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Location map
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Current rent roll
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Recent year-to-date (YTD) detailed operating statement
Asset Age: We
prefer developments from 1990 or newer, but we will consider older
properties with quality construction and desirable location.
Deal Structure and Size: We will
consider assuming existing financing or seller financing if the terms
are favorable. 100 units or more. We will consider acquisitions
ranging from single assets to large property portfolios. The minimum
project size is approximately $5 million, but we will consider smaller
transactions with a desirable location and with the possibility of
redevelopment.
The
IDEAL Cos. is constantly looking for new development opportunities. If
you feel you have a site we should evaluate please review the
development criteria below.
Primary Target Markets: We
are seeking tracts of land suitable for the development of affordable,
middle-market, market-rate multifamily, student housing, and medical
office projects within select markets.
Asset Size: We
typically seek development opportunities for communities of 200 units
or more, but will consider smaller projects in select markets, such as
urban infill locations or close proximity to campuses and major
employers.
In evaluating potential development sites, we generally seek infill
sites of at least 3 acres and suburban sites of at least 10 acres. We
also have the ability to add a retail development component and create
unique mixed use developments.
Deal Structure: The IDEAL Cos. invests directly, but will consider joint-venture structures with landowners on a case-by-case basis.
Please send all acquisitions and development submissions to the following:
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