NEED: 50-500 "Currently Rented" SFH (Per Transaction)

[Cynthia Calhoun]

ACQUISITION CRITERIA

This buyer is looking to acquire portfolios of "tenant occupied" Single Family Houses, ("SFR") throughout the US in either all cash or UPREIT transactions to sellers. Our investment objective is yield therefore all SFR portfolios must be fixed, leased and occupied.

Portfolio Size Sought:	50-500 rented homes per transaction.
Target Rental Yield:	Class A Gross Rental Yield = 15% to 18% Class B Gross Rental Yield = 18%+
Expenses:	50% or less (including property mgmt, maintenance, tax, insurance, vacancy, HOA, & credit loss)
Tenants:	Tenants must not be in default or late on rent payments.
Maintenance:	All deferred maintenance must be fixed or will be deducted from the purchase price.
Management:	Will consider and prefers to hire existing property management company.

Target Markets

Phoenix, AZ; Tucson, AZ; Central California; Los Angeles, CA; Denver, CO

Fort Lauderdale, FL; Jacksonville, FL; Miami, FL; Orlando, FL; Tampa, FL

Atlanta, GA; Chicago, IL; Indianapolis, IN; Louisville, KY; Las Vegas, NV

Charlotte, NC; Raleigh, NC; Virginia Beach, NC; Oklahoma City, OK; Tulsa, OK;

Memphis, TN; Nashville, TN; Dallas, TX; Forth Worth-Arlington, TX; Houston,

TX; Irving, TX ; San Antonio, TX; Salt Lake City, UT; Richmond, VA

[Adrian Stamer]

if I'm following this right you are looking for already rented good shape 7.5-9% cap rate single family houses that are class A? And then 50-500 portfolios?

Sounds extremely desirable to most people...