Over three decades of experience and a performance track record gives us favor in our nationwide network with access to acquisitions, and yet, we still screen hundreds of properties to find the one.
Acquiring Investment Assets
At Wilkinson, we take a purposeful and precise approach when evaluating potential acquisitions. Our acquisition criteria for multifamily funds are carefully crafted to target Value Add and Core Plus properties. These properties provide us with more ability to exercise control over both revenue and expenses, which can result in a significant enhancement of Net Operating Income. For our multifamily funds, we have curated a portfolio consisting of numerous units across multiple properties and markets, which we believe provides the greatest potential for a well-diversified cash flow and effective risk management. We believe that through detailed acquisition criteria and meticulous due diligence, we can position our multifamily funds to leverage the proven success of the multifamily sector and deliver sustainable returns for our valued investors.
We use the following criteria to identify the best investment properties; although an individual property we acquire might not meet all criteria:
Major Growth Market
Investing in the right geographic markets and neighborhoods ensures strong demand for multifamily properties, driven by population growth, job expansion, rent growth and economic development. We prioritize locations with projected five- to ten-year growth paths for optimal investment exits.
Attractive Property Type
The best multifamily investments target Value Add and Core Plus properties, offering opportunities to enhance Net Operating Income and force appreciation through renovations operational improvements. Properties in desirable locations, with strong fundamentals, help ensure consistent cash flow and appreciation potential.
Market-Rate Rents
We believe that near market-rate rents on acquisitions give us the foundation and the flexibility to build lease-pricing strategies based on market demand. Therefore, we seek to limit the number of government assistance or tax credit properties in an individual fund’s portfolio. We analyze local rent trends, competitive price per square foot, amenities, new developments, and dozens of other economic conditions to identify assets that we believe offer strong revenue potential.
Confirmed Growth
Evaluation of location based on demographics, local growth plan and in-person visits to review the market. We strive to acquire fund assets in five- to 10-year growth paths in order to achieve optimal investment exits.
Year-2000 or Newer Construction
Older properties will be considered if we believe they are in a B+ or better location with a significant value-add story.
Favorable Purchase Price
We will seek to negotiate purchase prices at or below replacement cost.
