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LOCATIONS:
- Major metropolitan areas (500,000+ population)
in the Central United States, (some secondary upper Midwest cities considered)
including but not limited to the following cities:
| Chicago |
Cincinnati |
Cleveland |
| Columbus |
Detroit |
Indianapolis |
| Kansas City |
Louisville |
Milwaukee |
| Minneapolis |
St. Louis |
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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 1980
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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/Marquette Partners acts strictly
as a principal on behalf of our clients; we do not share in the broker's
commission.
CONTACT:
- James Smith or Nick Ryan
- Tel: 312.993.7800
kra@kra-net.com
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