Acquisitions

Sherman Residential 2013 Multifamily Acquisition Criteria

The objective of the real estate group at Sherman Residential is to acquire existing multifamily apartment communities in designated markets throughout the United States. The following information outlines our current general criteria:

Geographical Locations

The following metropolitan areas:
  • Phoenix, Arizona
  • Tampa, Florida
  • Atlanta, Georgia
  • Chicago, Illinois
  • Charlotte, North Carolina
  • Raleigh/Durham, North Carolina
  • Nashville, Tennesse
  • Austin, Texas   
  • Dallas, Texas
  • San Antonio, Texas

Property Description

  • Garden-style, mid-rise and high-rise apartment communities
  • 150 units minimum, built after 2000
  • Attractive grounds, comprehensive amenity package, good unit mix
  • Strong locations in designated markets

Pricing

  • Below comparative replacement cost.
  • Anticipated return in the first year of 6% or greater.

Scott Gould
Senior Vice President of Acquisitions
500 Lake Cook Rd, Suite 280 Deerfield, IL 60015
www.bes.com scottg@bes.com

Submission Requirements

All submissions must have the following items to be expeditiously considered:
  • Current rent roll
  • Complete physical description of improvements
  • Complete color photos - aerial if possible
  • Current concessions and concession history
  • Resident profile report
  • YTD financial statements and prior two years
  • Site plan, floor plans, amenities and unit mix
  • Market data on comparable rental properties and recent sales

Ansley Falls Apartment
link
http://portal.ansleyfallscharlotte.com/
Indigo Pointe Apartments
link
http://portal.indigopointeapts.com/
Legends at Ridgeview Ranch
link
http://portal.legendsatridgeviewranch.com/_layouts/login.aspx?ReturnUrl=%2f
Orchard Village
link
http://portal.orchardvillageaptsaurora.com/_layouts/login.aspx?ReturnUrl=%2f
Parkview Legends Apartments
link
http://portal.parkviewlegendsapts.com/_layouts/login.aspx?ReturnUrl=%2f
Preserve at Mill Creek
link
https://preserveatmillcreek.securecafe.com/residentservices/preserve-at-mill-creek/userlogin.aspx
Preserve at Steele Creek
link
http://www.altasteelecreek.com/
Presidio Apartments
link
http://portal.presidioaptsaustin.com/_layouts/login.aspx?ReturnUrl=%2f
Soho Parkway
link
http://portal.sohoparkwaymckinney.com/_layouts/login.aspx?ReturnUrl=%2f
Stoneridge Farms at Hillwood
link
http://www.stoneridgefarmshillwood.com/
The Enclave at Tranquility Lake
link
http://www.tranquilitylakeapartments.com
The Estates at Crossroads
link
http://portal.estatesatcrossroadsapts.com/_layouts/login.aspx?ReturnUrl=%2f
The Landings at Princeton Lakes
link
http://portal.landingsprincetonlakes.com/_layouts/login.aspx?ReturnUrl=%2f
Tribeca Apartments
link
http://portal.tribecaplano.com/_layouts/login.aspx?ReturnUrl=%2f
Woodlake Apartments
link
http://portal.woodlakeapartmentsgurnee.com/_layouts/login.aspx?ReturnUrl=%2f