ASSET ACQUISITION
At Wilkinson, we take a purposeful and precise approach when evaluating potential acquisitions in the multifamily real estate sector. Our acquisition criteria are carefully crafted to target Value-Add and Core Plus properties, where we have the ability to exercise control over both revenue and expenses, resulting in a significant enhancement of Net Operating Income. To ensure a well-diversified cash flow and effectively manage risk, we have curated a portfolio consisting of numerous units across multiple properties and markets. By meticulously adhering to our detailed acquisition criteria, we can leverage the proven success of the multifamily sector and deliver sustainable returns for our valued investors.
CORE-PLUS AND NEW CONSTRUCTION ACQUISITION CRITERIA
We use the following criteria to identify the best investment properties; although an individual property we acquire might not meet all criteria:
- Core-plus and new construction apartment home communities located in Atlanta, Dallas/Fort Worth, Indianapolis, other Southeastern growth markets and Northwest secondary markets.
- 150 units or greater of “Garden Style” and “Mid-Rise”. Fewer units will be considered if the Sponsor or its Affiliates already has or is acquiring other assets in the market.
- 2000’s or newer Construction.
- Private pay residents (no more than 10% of government assistance or tax credit in the portfolio of Properties).
- Location–based on demographics, local growth plan and in person visits to review the market. The Company will attempt to be in the five- to ten-year growth path for optimal exit.
- Purchase price will be at or below replacement cost.
VALUE-ADD ACQUISITION CRITERIA
We use the following criteria to identify the best investment properties; although an individual property we acquire might not meet all criteria:
- 150 units or greater of “Garden Style” and “Mid-Rise”. Fewer units will be considered if the Sponsor or its Affiliates already has or is acquiring other assets in the market.
- 1980’s or newer Construction.
- Compelling value-add or distressed opportunities.
- Private pay residents (no more than 10% of government assistance or tax credit in the portfolio of Properties).
- Location–based on demographics, local growth plan and in person visits to review the market. The Company will attempt to be in the five- to ten-year growth path for optimal exit.
- Purchase price will be below replacement cost.