Investment Criteria
| Purchaser: | Principal (not a broker); contracts executed by the company are assigned prior to closing to a subsidiary single-asset entity |
| Property Type: | Multifamily only |
| Size: | Preferably 75 units or more |
| Markets & Metro Areas: | Houston, Dallas, Irving, Arlington, Grand Prairie, Fort Worth, San Antonio |
| Market Characteristics | Demonstrated employment and population growth since 2001 |
| Property Profile: | Garden style or mid-rise; pitched roofs preferred; individual or master-metered HVAC |
| Age: | Open |
| Price Range: | $3 million and up |
| Management: | Self-managed; fee management contracts evaluated on a case-by-case basis |
| Financing: | Cash buyer; offers contingent on financing |
| Due Diligence: | Require actual operating numbers, no pro-forma; other documents required per Agreement to be executed |
| Closing: | Typically a 30-day due diligence period, then 30-day closing period or to lender requirements |
| Special Requirements: | None |
| Brokerage Fees: | No brokerage or “finders” fees; any commissions due are the responsibility of the Seller |
| Contact: | Michael A. Estevez, Esq. brokers(at)locupleto.com www.locupleto.com |