Warmington Properties continues to aggressively pursue acquisition and development opportunities in pursuit of expanding our portfolio. We are currently looking to acquire value-add and stabilized core-plus properties.
Looking to acquire:
Assets in need of moderate-to-extensive capital expenditures, which includes renovation, repositioning, and improvement in management and marketing.
Stabilized Core-Plus Properties
Assets requiring limited capital, generally stabilized with some upside potential, although not to the same extent as the “value added” category.
Las Vegas MSA
— Class A or B property types
— 50-300 unit counts
— Minimum purchase price of $5 million.
Suggested Items for Submittal Package:
• Asking price
• Basic property description
• Aerial photograph(s)
• Color property photographs
• Current rent roll
• Prior two years actual and current YTD operating statements
• Current tax bill
• Terms of financing, if applicable
• Market information including sales and rental comps
Vice President, Multifamily Properties
Multifamily Properties, Acquisitions