Acquisition Criteria & Contacts

DESIRED PROFILE:	Our investment goal is Value Creation which we seek to achieve either through value-added investments or ground-up development. Value-added investment opportunities involving re-positioning, new development, leasing risk, redevelopment, or below-market contract rents. Urban infill opportunities which allow for redevelopment of commercial, residential, or mixed-use property types. Multi-tenant assets with rehabilitation upside are attractive. Raw land or improved but under-utilized sites are attractive. Commercial or residential condominium conversion opportunities will be considered on a case by case basis.
PROPERTY TYPES:	Improved Properties: 50 units or more for existing apartments. “C” market placement or better – lower end properties will be considered if rehabilitation can result in “B” or better market placement. Low density residential or commercial development that is zoned for higher density residential development. Underperforming properties or properties with value-add potential. Entitlement/Rezone opportunities. Condo-mapped apartments are attractive. Retail, office, or industrial properties which can be redeveloped with residential uses are attractive. Land: Over one acre except for CBD sites. Infill sites preferred. Multifamily/Commercial zoning. Entitlement/Rezone opportunities.
YIELD:	Yields for ground-up development and value-added rehabilitation, repositioning, renovation, lease-up, or turnaround deals will be considered on a case by case basis with a focus on future value and high IRR expectations.
MARKETS:	Southwestern United States, with emphasis on Southern California (San Diego, Orange & Los Angeles Counties, and the Inland Empire), Las Vegas and Arizona.
MINIMUM DEAL SIZE:	$2 Million – San Diego County $5 Million – Southern California $10 Million – Southwestern United States Deals ranging from $5 Million to $100 Million are preferred
OCCUPANCY:	0% to 100%
REPLACEMENT COST:	Properties priced below Replacement Cost are attractive.
FINANCING:	AMERICAN PROPERTY ENTERPRISES will close all cash or consider assuming seller’s debt.
DUE DILIGENCE/CLOSING:	Able to complete due diligence and close quickly.
DEAL STRUCTURE:	Acquisition in fee, or joint venture with seller or other entities.
UNSOLICITED OFFERS:	Can be made if sufficient information is available. We recommend meeting with the seller to better understand seller’s objectives.
BROKER RECOGNITION:	AMERICAN PROPERTY ENTERPRISES acts as a principal and places a high value on its broker relationships. Outside brokers are generally contracted for leasing and/or future re-sale if qualified.
SUBMISSION PROCESS:	Please submit all investment offerings to all of the following: Steve Quinn, President/Chief Executive Officer 858-546-7474 xt. 106 E-mail:squinn@propertyenterprises.com
MAIL TO:	AMERICAN PROPERTY ENTERPRISES 4320 La Jolla Village Drive, Suite 205 San Diego, CA 92122 Phone: 858-546-7474 Fax: 858-546-7472

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Acquisition Criteria & Contacts

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