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: