Investment Criteria

Multifamily

Class A and B Multifamily Assets in Western States and Texas:

Focus is Southern California, Nevada, Arizona and Texas

Key Investment Characteristics:

• 100 to 300 units

• Vintage: 1980s to 2000s

• Value-Add Opportunities

• Adaptive Re-use

• Mixed-Use Entitlement Opportunities

Student Housing

Institutional Quality Student Housing

Key Investment Characteristics:

• Adjacent to 1 Mile from Campus

• Minimum Student Body 15,000

• Vintage: 1990s to New Construction

• Cap Rate: 5.5 to 6.0%+ based on pre-leasing

Mixed-Use Entitlement / Development

Opportunity to Redevelop to a Higher-and-Better Use

• Focus is Southern California