Acquisition Criteria

Overbrook Properties, LLC is a real estate investment company that buys, re-positions, and sells multi-family properties.

Have a property you need to sell?  We’re currently buying properties nationwide.

TRANSACTION SIZE:

  • $100,000 to $20 Million
  • Minimum 10 units (Will consider Duplexes, 3-4 Plexes)

ASSET TYPE:

  • B+ to C+ class multi-family properties. Will review distressed A class properties in markets with 500,000 and up in population.

OCCUPANCY:

  • We prefer stabilized properties. Minimum 85% occupancy. Will consider lower occupancy if property is well located and has value-add upside.

AGE:

  • 1970’s or newer

TARGET MARKETS:

  • Nationwide growth markets

LOCATION:

  • B+ to C+ trade areas with strong demographics and economic diversity.

CAP RATES:

  • Minimum 7% (Based on current financials)

PROPERTY CRITERIA:

  • Utilities-Prefer individually metered units but not required.
  • Roof-Prefer pitched roof construction but not required.
  • Premier Properties-Prefer stabilized properties with minimal deferred maintenance but will consider others if well located and possessing a strong, value-add upside opportunity.

Sell Your Property: If you have a multi-family property that you’re needing to sell, contact us today!