Apartment Acquisitions
Apartment Acquisitions Criteria

The Michelson Organization is a principal seeking to acquire multifamily apartment communities in well-located, growth markets throughout the United States.

Property Type:
  • Garden-style and mid-rise apartment complexes.
  • Class A to C+ product in Class A to B location.
  • Core/Core-plus and value added assets.
  • Properties requiring modern renovation and/or significant improvements.
  • Partnership buyouts and restructurings.

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    Preferred Markets:
  • Major, secondary and tertiary markets in the continental United States.
  • Growth markets and submarkets.

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    Transaction Size:
  • Minimum/Maximum: $10 Million - $250 Million.
  • Preferred Size: $15 – $50 Million.

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    Ownership:
  • Properties may be purchased either all cash or subject to existing financing.
  • Tax deferred strategies are available for owners with low tax basis.
    		•

    Initial Information:
  • Previous two years and YTD Operating Statements.
  • Current Rent Roll and Unit Mix.
  • Description of property improvements.
  • Asking Price.

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    Contact Information:
    Robert D. Lazaroff
    Vice President
    The Michelson Organization
    7701 Forsyth Blvd., Suite 900
    Saint Louis, MO 63105
    314-862-7080