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