Acquisition and Development Criteria
Acquisition and Development Criteria
- Urban in-fill and suburban sites
- Underperforming assets targeted for redevelopment and repositioning
- Target markets include high barrier-to-entry and high growth major metropolitan markets in California and the Western United States
- Development size: Up to 400 multifamily units per investment
- Capital requirements: Up to $40 million of committed equity per investment
- Investment term: Up to 8 years