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LOCATIONS:
- Major metropolitan areas (500,000+ population)
in growth areas throughout the country
PROPERTY TYPES:
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- 250 units or more
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- Garden style, mid-rise or downtown high-rise
properties
AGE/CONDITION/OCCUPANCY:
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- Properties constructed after 2000
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- Two year minimum operating history preferred;
additional land considered
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- Class "A" or "B" property
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- Low maintenance exteriors (brick preferred),
functional long-term design and construction
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- Amenity package in place commensurate with
tenant market
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- Location in proximity to highway and/or mass
transportation access
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- No environmental hazards
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- Occupancy of at least 90 percent
INVESTMENT
SIZE & STRUCTURE:
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- $15 million minimum
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- Individual assets or portfolios
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- Cash or cash to favorable debt
SUBMISSION REQUIREMENTS:
- Please include the following: description of
improvements, photographs, location map, aerial photograph, demographic
data, site plan, annual budget, operating statements and rent roll.
BROKERS WILL BE PROTECTED:
- Kensington acts strictly
as a principal on behalf of our clients; we do not share in the broker's
commission.
CONTACT:
- Ed Ross - Acquisition Officer
- Tel: 312.993.7800
ross@kra-net.com
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