Investment Criteria

Class B or C apartments. Residents of these communities do not have an option to purchase their housing; therefore, there is a consistent demand for these properties, and resident turnover is minimized.
Midwest and Non-coastal South region
Single assets with 125+ units, priced at $10-$30 million
Properties that are owned by lenders that have been acquired through foreclosure or Deed in Lieu proceedings
Section 42 Low Income Housing properties that are being sold by their institutional tax credit investors
Properties sold by owners or investors that are unable or unwilling to recapitalize or have near term debt maturities.
Off-market transactions being sold by local owners

HIVERNAN is currently underwriting multifamily acquisition opportunities with the following criteria: