Acquisition Criteria

Niederst Management is looking to acquire assets in need of moderate to extensive capital expenditures through the process of renovation and repositioning.

Guidelines

• 200 units minimum in suburban location
• Class  B or C
• Garden style, mid-rise or high-rise properties
• Will consider conversion of buildings not currently operating as residential; e.g. office buildings to multi-family residential
• Will consider packaged portfolios totaling a minimum of 200 units of non-contiguous properties located in same general vicinity
  

Geographical Location

• Primary cities throughout the Midwest

Financial Terms

• All cash basis (no financing contingencies)
• May assume debt, if favorable
• Flexible options to accommodate Seller requirements (e.g. ability to provide option to defer tax recapture).