Our Acquisition Criteria

Patriot Housing Group’s Acquisition Criteria

General:	Multifamily – Stabilized or Near-Stabilized, Class “C” or Better. Located in growth markets where employment and population are trending positively. Located within 30 miles from VA Medical or Outpatient Center. Has stable and sustainable cash flow in place at the time of purchase, or could achieve within a 3 – 6 month period of time. Minimal CAP Ex or rehab needed.
Property Type:	Multifamily properties only, 200 Units and up, and portfolios with no upper limit.
Markets:	Prefer Primary or secondary markets nationwide.
Age of Property(s):	1970 or newer preferred but not required.
Transaction Size:	$5,000,000 to $50,000,000 for single properties, no upper limit on portfolios.
Occupancy:	Prefer at or near stabilization.
CAP Rates:	Very competitive pricing and varies with the quality of the income stream and the velocity at which it grows.
Hold Period:	Long Term. Anticipate 35 years for most properties.
Purchase Terms:	Our significant Capital Partners provide us with a very sure execution of the transaction. Typical purchase terms are – a) ALL CASH; b) 60 Days Due Diligence; c) 15 Days to Close; and d) *NO CONTINGENCIES*.
What to expect:	Quick initial underwriting turnaround, typically 30 days or less. Certainty to close following Due Diligence approval. Experienced and responsive team throughout the acquisition process.

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