ZMR CAPITAL

Acquisition Criteria

ACQUISITION CRITERIA

We pursue strategic, value-add acquisition opportunities in primary, secondary and emerging markets across the US. Central to our strategy is investing in markets with strong market fundamentals, numerous demand drivers, and long-term sustainability driven by skilled populations and strong economic growth across multiple industries.

Target Markets

UNITED STATES

Florida

Texas

Georgia

South Carolina

North Carolina

Tennessee

New Mexico

Nevada

Arizona

Colorado

Washington

Oregon

Indiana

Ohio

Target Markets

UNITED STATES

Florida

Texas

Georgia

South Carolina

North Carolina

Tennessee

New Mexico

Nevada

Arizona

Colorado

Washington

Oregon

Indiana

Ohio

ASSET CRITERIA

BUSINESS PLAN

Core Plus, Value-Add, Opportunistic

PRODUCT TYPE

Multifamily

PROPERTY CLASS

A- to C with strong operating history

MARKET SECTORS

We seek core-plus, value-add, rehab-to-suit, and ground-up development opportunities in primary, secondary, and emerging submarkets within our market markets.

FINANCIAL CRITERIA

INVESTMENT RANGE

$20 million - $200+ million

PROJECTED HOLD PERIOD

2 to 7 years

TARGETED RETURNS

15-20% IRR
(subject to hold duration and business plan)

TARGET EQUITY MULTIPLE

1.8-2x
(subject to hold duration and business plan)

DEBT CRITERIA

LOAN TYPE

Bridge, Agency

LOAN TERM

2 to 10 years
(contingent upon business plan and exit opportunity)

LTV

65% to 85% of acquisition price

LTC

65% to 80% of total capitalization

FINANCIAL CRITERIA

INVESTMENT RANGE

$20 million - $200+ million

PROJECTED HOLD PERIOD

2 to 7 years

TARGETED RETURNS

15-20% IRR
(subject to hold duration and business plan)

TARGET EQUITY MULTIPLE

1.8-2x
(subject to hold duration and business plan)

DEBT CRITERIA

LOAN TYPE

Bridge, Agency

LOAN TERM

2 to 10 years
(contingent upon business plan and exit opportunity)

LTV

65% to 85% of acquisition price

LTC

65% to 80% of total capitalization