We Buy Apartment Buildings:
- We buy apartment buildings.
- Every deal is different, every market is different, each property is analyzed individually.
- We buy properties that cash flow.
- If your apartment building is old, outdated, in need of renovation, if you have bad tenants, we still want to buy your building.
We base our offers on what the property produces now, not at some future date based on future rent increases. We recognize that sellers want to get as much as they can for their property. Our offers are based on the property’s ability to produce an income, not on the lowest price. In every transaction, both the seller and the buyer should be pleased with the deal. We work on the premise of win/win transactions. We consider the needs of each seller, and as such we sometime offer an equity position. Under an equity position transaction, we would retain management of the property. Please contact us for more information on this program.
We analyze the financial data for the subject property, must provide Income and Expense Statement, for initial review. If the property meets our investment requirements, we will submit a Letter of Intent (LOI). Once we are in agreement with the seller via the LOI, we move to contract the property and close in a timely manner. Our due diligence period will be based on the number of units and other details. We work in a professional and competent manner, we move through the steps swiftly but thoroughly to ensure a smooth transaction. If you have special needs, such as a timely closing, please let us know from the start so we can take your needs into consideration. Remember, we are not a real estate agency…we do not want to list your property for a commission or fee…we are buyers, and we want to buy your property. If your property is listed with a broker, we’d be happy to work with the broker/agent. Value Add – The Miles Group consistently looks to acquire value add opportunities.