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Updated over 8 years ago on . Most recent reply

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Brian Adams
  • Syndicator of Large Apartment Buildings
  • Glen Mills, PA
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Who has bought a 600 unit deal before?

Brian Adams
  • Syndicator of Large Apartment Buildings
  • Glen Mills, PA
Posted

I am best and final on a very large deal and have a good shot at taking a 600 unit deal down via a syndication.

Background - I have bought and sold over 1000+ units and taken deals from LOI to close on several 200 to 300 unit deals before.

The number of units on this one deal though is triple what I am used too. 

My guess is it will be the same process as my other syndications, but for those experienced operators who have closed 600 units in one deal, just want to know if there is anything else I need to know about.

I so appreciate this BP community and the knowledge share that goes on.

Most Popular Reply

User Stats

1,008
Posts
1,631
Votes
Brian Adams
  • Syndicator of Large Apartment Buildings
  • Glen Mills, PA
1,631
Votes |
1,008
Posts
Brian Adams
  • Syndicator of Large Apartment Buildings
  • Glen Mills, PA
Replied

Awesome, the appraisal just came back $4.5 million higher than purchase.

Closing is in May 2017 and all the pieces are coming together.

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