
Investment Criteria
Oak Residential Partners targets stabilized, income-producing properties that provide the ability to create value over a five to ten year hold period through continued investment in the asset, improved property operations, strategic capital deployment and strategic leasing.
Property Characteristics
- Garden-style, mid-rise, and high-rise rental apartment communities
- Prefer 150 units minimum and1980s construction and newer, but will consider older and smaller communities based upon geographic location and specific opportunity
- Institutional-quality amenity package and floor plans, strong unit mix, and attractive grounds
Markets
- Primary and secondary markets across the United States. Current strong focus in markets from the Rocky Mountains to the Atlantic Ocean
- Strong locations within the local submarkets with high barriers to entry, good visibility, strong local employment and access to transportation
Investment Parameters
- Minimum investment: $3,000,000; no maximum size
- Targeted size: $10 to $50 million
- Typically use long term, fixed rate debt at 65%-80% LTV
- Typical hold period of 5-10 years
Acquisition and Investment Strategy
- All-cash or subject to attractive assumable in-place financing
- Properties with value-add component will be given strong consideration
- Tax credit or bond financed properties
- Partnership buyout or restructurings
- Acquisition of performing, non-performing, or mezzanine notes
- Preferred equity or mezzanine investments
For more information or to discuss an acquisition opportunity, please contact:
Eytan Peer
Acquisitions Associate
(847) 400-5700
epeer[thisAt]oakrp[thisDot]com