MULTIFAMILY ACQUISITION CRITERIA | WE BUY PHOENIX ARIZONA APARTMENTS
ACQUISITIONS CRITERIA
Vestis Group | Vestis Capital LLC, dba We Buy Phoenix Apartments, seeks to acquire well-located multifamily assets in the Metro Phoenix Apartment Market, primarily in the Arcadia, Biltmore, Camelback Corridor, Midtown Phoenix, Downtown Phoenix, Downtown Tempe, Downtown Scottsdale and Downtown Mesa sub-markets. The desired investment includes Class B, C quality in B+ or better locations. We will consider garden and mid-rise communities, with a preference on assets that can benefit from renovation and repositioning.
LOCATIONS
- Phoenix – Arcadia, Biltmore, Downtown, Midtown, Near Light Rail
- Scottsdale – Downtown, South
- Tempe – North, Near ASU Campus, Near Light Rail
- Mesa – West, Downtown, Near Light Rail
- Tucson – Downtown, Near UA Campus
CATEGORY
- Class B
- Class C
- Rehab and Repositioning Properties Preferred
SIZE
- 15 to 100 Units
TERMS
- Typically all cash, but will consider assumption of existing financing or seller financing.
SUBMITTAL INFORMATION
- Location map and area description
- Complete property description
- Color photographs
- Current tax bill
- Three years operating statements plus current YTD
- Current and past three months rent rolls (including concessions and delinquencies)
- Terms of financing (if assumable) including any prepayment provisions
- Detailed market data (include sales and rent comps)
- Capital improvements listing for the last 5 years
BROKERS PROTECTED
- If You Are Currently Working With A Broker, Please Have Your Broker Contact Us Directly
