Acquisitions

Our investment strategy is to acquire apartment communities in growth markets across the U.S. and create value through intensive asset management. We are actively pursuing acquisitions ranging from $10MM to larger portfolios with no practical limit. Our team can react quickly and efficiently to complicated transactions. We also evaluate debt opportunities including note purchases, mezzanine financing and securitizations. Since inception, we have acquired over $2BN of apartment projects consisting of 31,000 units.

Targeted Markets

United States map showing McDowell Properties targeted markets
  • West
    Denver
    Las Vegas
    Northern California
    Phoenix
    Southern California
  • Central
    Austin
    Columbus
    Dallas
  • East
    Atlanta
    Charlotte
    Northern Virginia
    Orlando
    Raleigh
    Southeast Florida
    Suburban Maryland
    Tampa

Other markets considered on a deal by deal basis.

Acquisition Criteria

Project Size
Minimum 200 units. Portfolios are preferred.
Equity Contribution
$3,000,000 to no practical limit.
Asset Quality
Class B/C properties; other quality levels will be considered on a case by case basis.
Age
Typically 15 to 30 years old.
Design Type
All, with Garden style being the most preferred.
Acquisition Criteria
Properties requiring cosmetic or substantial rehab add value; under-performing properties which may have market-related and/or management induced problems; and package transactions.
Acquisition "Complexity"
Unusual or difficult issues and problems will NOT preclude interest in a property.
Financing
Financing will be in the form of new financing or assumption of existing debt, and in some cases all cash.
Cap Rates
Determined on a case-by-case basis.
Broker Relationships
Sourcing brokers will be protected and compensated for unlisted investments opportunities.

Acquisition Contacts