$3M or $9M MF Buyer - Austin MSA (possibly SA)

Blog osphere,

                One of my clients is in a 1031 and looking to buy a $3M and $9-$10M multifamily project in Austin MSA or possibly San Antonio. Our ID period starts this week.

 

They prefer a multifamily site that is already remodeled/turned around, and they aren’t looking for a “project”. Client is risk averse. They aren’t looking for a JV, or buy in, they need to buy in their family trust for a 1031, and they want to use the same property manager who currently manages their Austin assets. If you have something like that you know of, feel free to let me know.

 

Cap rates as low as 5.5% will work for them, and they close quickly and don’t re-trade. We have local property manager, lenders, and inspector ready to go. Please link me up with any potential owners, or agents who can sell us something like this.

 

 

Jim Young, CCIM, Broker

Longbow Real Estate Group

West Point ‘94

11701 Bee Caves Road, Ste 250

Austin, TX 78738

jim@longbowRE.com

Twitter: @jimyoungCRE

512-565-7509

Connect With Me On LinkedIn

 

-View My Buyer Criteria Here-