Acquisitions

Sherman Residential 2017 Multifamily Acquisition Criteria

The objective of the real estate group at Sherman Residential is to acquire existing multifamily apartment communities in designated markets throughout the United States. The following information outlines our current general criteria:

Property Description

  • Garden-style and mid-rise apartment complexes
  • 150 units minimum, built after 2005
  • Attractive grounds, comprehensive amenity package, good unit mix
  • Strong locations in designated markets

Geographical Location

The following metropolitan areas:
  • Phoenix, Arizona
  • Tampa, Florida
  • Atlanta, Georgia
  • Charlotte, North Carolina
  • Raleigh-Durham, North Carolina
  • Greenville-Spartanburg, South Carolina
  • Nashville, Tennesse
  • Austin, Texas   
  • Dallas, Texas
  • San Antonio, Texas

Pricing

  • Below comparative replacement cost.
  • Anticipated return in the first year of 6% or greater.

Submission Requirements

All submissions must have the following items to be expeditiously considered:
  • Current rent roll
  • YTD financial statements and prior two years
  • Complete physical description of improvements
  • Site plan, floor plans, amenities and unit mix
  • Complete color photos - aerial if possible
  • Market data on comparable rental properties and recent sales
  • Current concessions and concession history
  • Resident profile report

Contact

Mr. Scott Gould
Sherman Residential
direct: (847) 374-2723
email: scottg@bes.com

Axis 3700
https://axis3700.securecafe.com/onlineleasing/axis-3700-apartments/guestlogin.aspx
Axis at The Rim
https://axisrim.securecafe.com/residentservices/axis-at-the-rim-apartments/userlogin.aspx
Axis at Wycliff
https://axiswycliff.securecafe.com/residentservices/axis-at-wycliff/userlogin.aspx
Carrington Oaks
https://carringtonoaks.securecafe.com/residentservices/carrington-oaks-0/userlogin.aspx
Ethos
https://ethos-apartments.securecafe.com/residentservices/ethos-apartments/userlogin.aspx
Manor Six Forks
https://manorsixforks.securecafe.com/residentservices/manor-six-forks/userlogin.aspx
Maple District Lofts
https://mapledistrictdallas.securecafe.com/residentservices/maple-district-lofts/userlogin.aspx
One Metrocenter
https://onemetrocenterapartments.securecafe.com/residentservices/one-metrocenter/userlogin.aspx
Pecos Flats
https://pecosflatsapts.securecafe.com/residentservices/pecos-flats-apartments/userlogin.aspx
Southern Oaks at Davis Park
https://southernoaksatdavispark.securecafe.com/residentservices/southern-oaks-at-davis-park/userlogin.aspx