Yes, we purchase garden apartments in any condition. Whether your property is fully renovated and stabilized, needs cosmetic updates, requires major capital improvements, or has significant deferred maintenance, we can make an offer. We have experience with properties needing roof replacements, parking lot repairs, building system upgrades, unit renovations, and landscaping improvements. Our team specializes in properties that other buyers might avoid due to condition issues.

We buy garden apartments of all sizes, from small 20-unit communities to large 300+ unit complexes and portfolios. Our team has the capital and experience to handle transactions ranging from $1 million to $50 million+. Whether you own a single small property or a portfolio of garden apartment communities, we can structure a purchase that works for your situation.

We evaluate garden apartments using multiple approaches including income capitalization (based on net operating income and market cap rates), sales comparison (recent transactions of similar properties), and replacement cost analysis. We consider factors like location, property condition, tenant quality, lease structures, operating expenses, deferred maintenance, capital expenditure needs, and local market conditions. Our goal is to provide fair market value offers that reflect realistic assessments of the property's current state and income potential.

Absolutely. We prefer to purchase occupied properties and will assume all existing leases at closing. You don't need to terminate leases, vacate units, or deal with tenant relocations. We handle all tenant relationships after closing, including lease enforcement, maintenance requests, and renewals. Keeping tenants in place also means you continue receiving rental income right up until the closing date.

We can typically close in 30-45 days from contract execution, though we're flexible on timing. If you need a faster closing, we can often accommodate 21-30 day closings. If you need more time to relocate, complete a 1031 exchange, or handle other matters, we can extend the closing date to 60-90 days or longer. Our goal is to work on your timeline while maintaining transaction momentum.

Ideally, we'd like to see rent rolls, trailing 12-month operating statements, recent property tax bills, insurance information, and any inspection reports or capital needs assessments you have. However, we understand that documentation may be incomplete, especially for smaller properties or those that have been owner-managed. We can work with whatever information you have available and conduct our own analysis to fill gaps. Don't let incomplete records prevent you from reaching out.

No. We don't charge any fees, commissions, or costs to sellers. There are no upfront fees, evaluation fees, or hidden charges. You receive the full purchase price we agree upon, minus standard closing costs like title insurance and transfer taxes that apply to any property sale. By selling directly to us, you also avoid paying broker commissions that would typically be 3-6% of the sale price.

We have experience dealing with environmental concerns and code compliance issues. Whether your property has asbestos, lead paint, underground storage tanks, soil contamination, or outstanding code violations, we can evaluate the situation and factor remediation costs into our offer. We work with environmental consultants and understand the regulatory landscape, so these issues don't automatically disqualify properties from purchase.

Yes, we regularly work with sellers completing 1031 exchanges and understand the strict timing requirements. We can structure closings to meet your 45-day identification and 180-day exchange deadlines. Our ability to close quickly and on specific dates makes us an ideal buyer for sellers with exchange timing pressures. We'll coordinate with your qualified intermediary to ensure all exchange requirements are met.

Yes, we can structure seller financing arrangements if that interests you. Seller financing can provide tax advantages through installment sale treatment, generate ongoing income, and potentially achieve a higher sale price. We can discuss various structures including partial seller financing, wraparound mortgages, or land contracts. Our team will work with your tax advisors to create a structure that meets your financial and tax planning goals.

That depends on your preference and our assessment of the property's needs. In some cases, we retain existing property management staff who know the property and tenants well. In other situations, we transition management to our own team or third-party management companies. If you have staff you'd like us to consider retaining, we're happy to discuss that during our evaluation process.