Acquisitions

Sherman Residential 2014 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
  • Greenville-Spartanburg, South Carolina
  • Nashville, Tennesse
  • Austin, Texas   
  • Dallas, Texas
  • San Antonio, Texas

Property Description

  • Garden-style, mid-rise and high-rise apartment complexes
  • 150 units minimum, built after 1990
  • 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.

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

Contact

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

Enclave at Wiregrass
Indigo Pointe Apartments
http://portal.indigopointeapts.com/
Kingston Pointe
Legends at Ridgeview Ranch
http://portal.legendsatridgeviewranch.com/_layouts/login.aspx?ReturnUrl=%2f
Orchard Village
http://portal.orchardvillageaptsaurora.com/_layouts/login.aspx?ReturnUrl=%2f
Preserve at Mill Creek
https://preserveatmillcreek.securecafe.com/residentservices/preserve-at-mill-creek/userlogin.aspx
Preserve at Steele Creek
http://www.preserveatsteelecreek.com/
Stoneridge Farms at Hillwood
http://www.stoneridgefarmshillwood.com/
The Boulevard at Frisco Square
http://www.theboulevardatfriscosquare.com/
The Cottages
http://www.cottagesaustin.com
The Enclave at Tranquility Lake
http://www.enclaveattranquilitylake.com/
The Estates at Crossroads
http://portal.estatesatcrossroadsapts.com/_layouts/login.aspx?ReturnUrl=%2f
The Landings at Princeton Lakes
http://portal.landingsprincetonlakes.com/_layouts/login.aspx?ReturnUrl=%2f
Tribeca Apartments
http://portal.tribecaplano.com/_layouts/login.aspx?ReturnUrl=%2f
Woodlake Apartments
http://portal.woodlakeapartmentsgurnee.com/_layouts/login.aspx?ReturnUrl=%2f