Unity Heights Realty - BUY BOX
Properties Acquisition Criteria
| Location Class | Class B or C |
| Property Class | Class B or C (Value-Add Opportunities) |
| Unit Count | 50 to 150 Units (Property Cost < $15M) |
| Property Type | Value-Add Opportunity |
| Vintage | > 1985 |
| Construction Type | Garden Style (1-3 Floors) |
| Markets | Nashville, Knoxville, Murfreesbro, Clarksville, Smyrna, Hendersonville |
| Dallas, Fortworth, Irving, Plano, Frisco, McKinney, Arlington, Denton, Sherman, Waxahacie, Garland, Allen, Prosper, College Station, Bryan, Tyler, Denton | |
| LTV | 60% to 70% |
| Occupancy | > 85% |
| CAP Rate | > 6% |
Investment Returns Criteria
| Cash on Cash (CoC) | > 9% |
| DSCR | > 1.4 |
| ARR | > 18% |
| Hold Time | 3-5-7 Years |
Value Generation Philosophy
| Interior & Exterior Value-Adds | Implement R.U.B.S |
| Creating Communities from Complexes |
| Utilizing Certified Property Management Companies |
Managing Partners
| Srikanth Kasam | Underwriting & Acquisitions | Srikanth@UnityHeightsRealty.com | 425-443-6756 |
| Rohan Lam | Underwriting & Acquisitions | Rohan@unityHeightsRealty.com | 425-208-1541 |
| Neeraja Reddy | Acquisitions | Neeraja@UnityHeightsRealty.com | 425-445-7551 |
| Prasad Illapani | Sponsor | Prasad@UnityHeightsRealty.com | 425-444-5263 |