Investment Criteria
At White Water Equity, we focus on A and B class multifamily assets with 100 units or more, in key markets in the Sunbelt Region of the United States. White Water Equity will typically take a 100% ownership interest, but may also acquire assets through a partnership or joint ventures.
Property Type: Multifamily
Target Markets: Sunbelt Region – Arizona, Texas, Georgia, North Carolina, Florida
Sub-Markets: Phoenix, Tuscon, Dallas – Fort Worth, Austin, San Antonio, Atlanta, Savannah, Charlotte, Raleigh, Durham, Winston-Salem, Greenville, Fort Lauderdale, Orlando, Miami and Tampa Bay
Property Size: 150 units or greater
Transaction Size: $10-100 million
Equity Contribution: $1,000,000 – $100,000,000
Property Class: A to B+
Vintage: 1985 – 2010
Debt: New Debt, Assumption or All Cash
Ownership Type: Outright, Partnership, Joint Venture
The hold time for each investment will typically be 5-7 years but we may hold the asset shorter or longer depending on the deal. At the end of each year we will evaluate and see what would be the best course of action – a sale, refinance, or a recapitalization for the asset to give the most return for our investors.