Multifamily Buyer Need/Criteria

Buyer: RETAIL OR MULTIFAMILY:  

Need:

·         Well Located Retail or Multifamily

o   Will buy at low cap rate if below market rents, or value-add possible

·         Locations: AustinMSA (primary) but will consider DFW/San Antonio

o   Retains local property management so location is not an issue

·         50-300 Unit Multifamily

·         $2-$7M Retail Centers

Background:

·         This Buyer/Individual owns over 1M sf of retail/office in Northeast (Philly/Boston/NY). Is sophisticated buyer.

·         Owns over 800 multifamily units in Texas cities, so he knows that market too, and will move quickly.

 

 

Jim Young, CCIM, Broker

Longbow Real Estate Group

Partner, West Point ‘94

512-565-7509

jim@longbowRE.com

6836 Bee Caves Rd, Bldg 1, Ste 208

Austin, TX 78746

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