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Streetsmart Investments,LLC

 

Commercial RE Acquisition

Real Solutions to Real Estate Challenges

StreetSmart is currently acquiring commercial properties in growth markets across the U.S.  In the current economic environment, we focus on multifamily, self storage, and manufactured home parks because of their more robust performance in weak economies.  Our buying criteria are:

  1. Areas with job growth and better than average economic projections

    1. oPrefer major markets but will evaluate properties in smaller cities on a case by case basis

    2. oFocus primarily on markets in the Southeast U.S. and, to a lesser extent, the Midwest

  2. Size

    1. oApartments:  greater than 20 units for markets where we already own, greater than 50 units in new markets

    2. oSelf Storage:  greater than 50 units for markets where we already own, greater than 100 units in new markets

    3. oMHP:  greater than 30 units for markets where we already own, greater than 50 units in new markets

  3. Property condition and status

    1. oAll conditions – prefer property with value add through renovation or reduced vacancy

    2. oAll statuses – will purchase directly from sellers, from bank REOs, delinquent notes, pre-foreclosures, receivers in place, auctions, lease options

    3. oWill consider development projects on a case by case basis

  4. Financials

    1. oAll CAP rates considered, but typically purchase above an 8% CAP rate

    2. oPurchase price will be based on actual income / expense – not pro forma

  5. Acquisition Types:

    1. oAll cash

    2. oCreative deal structuring

    3. oLease Options

    4. oWe can structure any sale to meet the objectives of a flexible seller – Call us and work something out