MAG's Investment Criteria
Investment Strategy
- 3 to 7 Year holding period per asset until disposition.
- A minimum internal rate of return of at least 20% annually.
- Working with banks and work-out groups to identify troubled assets in their portfolio
- Focus in Midwest and Southwest U.S. markets, with an emphasis on further expansion in the Southeast, Southwest and on the West Coast.
- Choose Superior Assets and Locations: Class "A", "B", and "C" assets in Class "A" and "B" locations.
- Acquire assets in markets that show job and population growth and lower unemployment conditions.
- Acquire approximately 3,500 additional units in 2015
Investment Criteria
| Deal size: |
$1-$50 million |
|
Structure Points: |
8%-10% preferred returns to equity partners |
|
Target Return: |
20+% Average annual return |
|
Investment Types: |
Interest in entities that will own the equity and/or debt of real estate investments: Multi-family |
|
Targeted Geographical Areas: |
Focus in Midwest and Southwest U.S. markets, with an emphasis on further expansion in the Southeast, and on the West Coast |
|
Holding Period: |
Anticipated holding period for each asset is 3 to 7 years |
|
Leverage: |
Anticipated maximum 70 to 80% loan to value |
|
Asset Size: |
Greater than 200 units |