Acquisition Criteria

Lurin Capital’s acquisition criteria is focused on acquiring undercapitalized and/or mismanaged multi-family assets (i.e. “distressed” and/or “stressed” properties) and executing an intensive asset management and capital improvement program in order to drive performance and maximize returns.  The firm seeks opportunities in markets with strong underlying fundamentals and targets submarkets where household income can support future rent growth. The strategy generally targets investment opportunities that exhibit the following acquisition criteria:

  • Deal Size: $5 million to $100 million
  • Property Type: Garden Style and Mid-Rise Residential Apartment Communities
  • Vintage: 1968 to 1989
  • Quality Asset Class: Class B and C (Distressed and/or Stressed Assets)
  • Property Size: 150+ units; Single Asset or Portfolios
  • Location: Cycle Dependent (Primary to Tertiary Markets throughout the Southeast United States)
  • Turnaround Situations: Mispriced, Underperforming Assets and/or Properties with Below Submarket Vacancies and Transitioning Demographics
  • Capital Expenditures: Partial to Full Renovations across Interiors, Exteriors and Amenities

Recent Acquisitions