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ACQUISITION CRITERIA |
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Please make submissions to: |
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Stuart Penan, CCIM
Executive Vice President
BAF Associates, Inc.
3 East Avenue, Suite 2A
Larchmont, NY 10538
914-630-1630
917-406-8136 cell
212-202-3875 fax
stuart@bafassociates.com |
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BAF is currently looking to acquire
properties that possess moderate current returns with the
potential for significant appreciation. Our ideal size deal is
from $3-$10 million per property. We can pay all cash; however we
generally use moderate leverage. Target areas include the
DC/MD/VA metro area, NYC and surrounding metro areas, and
SE & Central Florida.
Inside our target areas we also look for deals that may require redevelopment or repositioning. |
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Multi-Family |
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We are currently looking for opportunistic investments of
apartment complexes 75 units and larger, having a price per unit generally in
the $50-$80k/unit price range. We target B properties in good
growth areas. Older properties are fine. In addition to our target
areas, we look to purchase properties in modest sized metropolitan
areas having a population of at least 200,000. |
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Retail
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Anchored and Unanchored strip centers in target areas. Outside of
target areas anchored centers 50,000 SF and larger, exhibiting
upside potential. |
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Industrial and Office |
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Industrial properties 40,000 SF and larger in target areas. Office
properties 30,000 SF and larger in our target areas. Preference is
given to medical buildings or office buildings within close
proximity to hospitals. Also, mini-storage facilities 40,000 SF
and larger. |
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Special Situation |
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We have the expertise and experience to purchase defaulted &
non-performing notes, foreclosures, and other special situation
opportunities. These are evaluated on a case-by-case basis. |
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