Encore Multi-Family, LLC (“EMF”), a subsidiary of Encore Enterprises, Inc., is a fully integrated multi-family developer, owner and operator of Class A apartment communities. EMF is one of the most active developers in the southwestern United States. The company’s management team has collectively developed and acquired over 40,000 apartment units in over 30 metropolitan statistical areas throughout the country.

Encore Multi-Family is seeking acquisition candidates that meet the following criteria as part of its’ growth initiative and financial partnership with a leading investment bank.

Acquisition Criteria

Age of Assets    2000 or newer (including properties currently under construction).

Debt

  • Long-term HUD financing 223(f) and 221(d)(4) with at least 20 years of term
  • Non-HUD debt with maturities within 2 years
  • Assets that can be closed all cash

Market     Secondary/Tertiary

Acquisition Cap Rates    6.0% – 7.0%

Size    180+ Units