PRICE/UNITS

• $50-$100 million
• 200+ Units

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LOCATION/AREA

• Primary - Arizona, California, Colorado, Florida, Georgia, Nevada, North Carolina and South Carolina
• Other areas of interest - Louisiana, New Mexico, Oregon, Utah, Texas and Washington
• B+ to A++......age. Mostly new builds just out of lease up but will consider older if redeeming qualities.
• Financing.....leverage is typically 50%.

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CONDITION OF PROPERTY

• New Construction to value-add opportunity assets
• For value add - prefer communities that require:
  • Interior / Exterior Rehabilitation
  • Suffers from Mismanagement
  • Repositioning

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AGE

• 2010 or newer with a strong preference for new construction
• Will also consider 1990’s construction with a value-add component

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FINANCING

• All transactions closed with RK Properties capital (no equity partner)
• No financing contingency
• Cash to new loan max 65% LTV
• 21-30 day due diligence
• 30-60 day total closing

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