Guidelines – NE Income Property Buyer

Type Of Properties We Desire

Apartments, Senior Housing, Student Housing, and Assisted Living Facilities.

TYPE: Garden Style AND High Rise,
AGE: Built 2000 Or later. Older properties must have been 100% renovated.
UNITS MIX: 80 TO 550 UNITS
CLASS: Prefer CLASS A OR B. No Class C properties.
OCCUPANCY: 80% occupied or higher.

Retail Properties: Single Tenant Retail - At least 10 Years Remaining On Lease
Retail Properties: Multi-Tenant Retail: Must have national anchors occupying at least 60% of leasable space. 80% Occupancy Required.
No Strip Centers

Office Properties (least desired)
TYPE:| Medical Parks| Business Parks|
AGE: 20 Years Old Or Less
CLASS: Class A and B ONLY
OCCUPANCY: 80% Occupancy Required

Hospitality Properties (least desired)
TYPE: National Flags
AGE: 20 Years Young
CLASS: 5 Star Rating

Types Of Properties We Do Not Purchase

Locations We Invest In

Property Requirements

Required Documents

Required Documentation

A. 2 Years Income And Expense Statements

B. Year To Date Income and Expense Statement

C. Current Rent Roll and Occupancy: 80% min.

D. Exterior Photos and Interior Photos If Possible

E. Current Leases on Retail Properties and Net
Lease Properties

F. As much historical financial data as possible.

G: Sellers Motivation: Why Is the Property Being
Sold!

H. How Long has the property been on the market.

Submission Process

Our Processing Procedure- What To Expect

Step 1: Document Verification – 24-48 Hours

We verify that all the required documents are present. Next we review the documents.

NOTE: If the requested documents are not present, we will not request the information. The property will be withdrawn from consideration.

If all the documentation are present, we begin our analysis process and determine if it meets our investment requirements.

If it does, the property is forwarded to our underwriters for a closer analysis.

If underwriting approves the property, it is then sent to our acquisition team.

The acquisition team will then prepare and submit and offer on the property to the submitting party.

Step 2: Issuance Of LOI– 24-48 Hours

The LOI will be issued to the submitting party. It will specify the terms and conditions of the purchase and will contain the framework for the purchase contract. It’s important that the submitting party has access to the Seller or authorized party because:

1.Our initial offers are always a Full Price Offer.
A signature will be required upon acceptance.
2. We require a conference call with all partied to review and to discuss the LOI for clarity purposes.
3. Any objections or modifications must be in writing.
4. Our offers are typically valid from 3-5 days.

NOTE: You must be able to arrange this initial conference call with the Agent and the Seller. If you aren’t able to do this then you shouldn’t submit a property to us.

Step 3: Acceptance Of LOI

If the LOI is rejected, we request that the rejection be in writing on page 5 of our LOI.
Verbal rejections are discouraged.

Step 4: Execution Of Contract and Earnest

Once all the terms of the LOI have been worked out and agreed to, we will execute a contingent free contract. Earnest monies will be help by our Attorney or a local title company.

We do not deposit earnest monies into Agent’s escrow accounts.

Agent Conflict Avoidance Policy

We have had 3 experiences and conflicts that have arisen when we purchase a property 2 agents submit the same property.

Both situations we withdraw our offer to limit our liability exposure and any litigation.

Our "Agent Conflict Resolution Policy

Once we receive your submission, we will check to see if it has been submitter already.

This search is done by the information you provided during the registration process. We will check your name, your company's and the property address.

If your property has been previously submitted, we will notify you of that fact and provide you with the name of the submitting party.

If you have an exclusive listing and your property has been previously submitted by someone else, illegally. Simply send us your documentation.

Upon receipt and review of your documentation, we will request the same information from the other party. The party with the valid information will be the party we work with.

In the event that both parties have valid documentation, we will work with the party that submitted the property first!
We will adhere to “FIFO” Rules.

Fast Closings And Full Price Offer: Details Here!

Our Acquisition Guidelines And Processes

No Raw Land
No Single-Family Homes
No Mobile Homes,
No Gas Stations,
No Food Service Properties
No Industrial Properties
No Warehouses except National Brands Operational facilities.

US Locations ONLY.

Coastal States: Inland properties only.
Excluding Alaska and Hawaii.

Here are our general property investing requirements.

A. Register Your Company
B. Submit Your Property

Do Not Submit properties directly.
You must register first.

Give us 48 hours to respond to your submission.

Step 1: Document Verification – 24-48 Hours