Company
overview:
Verelta Properties
has been investing in residential properties for the past 9 years, and is now transitioning
to the multifamily world. Currently, we
own properties in Mahoning County, Ohio, and Jackson, Mississippi.
Markets:
·
Columbus, OH
·
San Antonion, TX
Criteria:
·
Size: 20-40 units, preferably from mom
and pop owners
·
Class: C+ and B class properties
·
Condition: Some deferred maintenance and
light renovation okay
·
Value add: Must have upside potential
from operations
·
Cashflow: Must cashflow at acquisition
using actual reported financials
·
Deal size: $1.5MM – $4MM