Our buying criteria
Parkhurst is actively acquiring multi-family apartment buildings & retail strip malls in the Alberta corridor on a cash-flow basis.
We are a potential buyer mainly for properties that meet the following criteria:
Multi-family
Type: 15-100 unit wood frame walk-up multi-family
Min: CAP Rate: 6.5% in B or better areas, 5.5%+ for A areas
Locations: City of Edmonton, Calgary, or immediately surrounding areas excluding small towns.
Preferred Attributes:
- Bedrooms: Over 50% 2 bedrooms or larger
- 1 bed + den are ideal mix
- Balconies and patios
- Open to any condition; prefer only cosmetic work required with no large maintenance or repair issues. If requires major work, an 8% or better purchasing cap is expected.
Retail Strip
Type: Established retail strip mall complexes
Min: CAP Rate: 6.0% in B or better areas, 5.5%+ for A areas
Locations: City of Edmonton, Red Deer, Calgary, or immediately surrounding areas excluding small towns.
Preferred Attributes:
- Solid anchor tenant
- Staggered lease expiries
- Min. 5 Bays
- Open to any condition; prefer only cosmetic work required with no large maintenance or repair issues. If requires major work, an 8% or better purchasing cap is expected.
Unique Deal Structures
Do you know vendors that don’t want to sell because they’ll pay too much tax or don’t have an alternative re-investment option? We have unique abilities to structure deals with vendors that may not otherwise work. Please contact us today to discuss your client’s objectives and increase your chances of a sale.
Introduction Fees
Introduction fees are available when you introduce investors who provide the cash portion of acquisitions. If you know of any individuals or corporations who are interested in owning the type of property described above, please contact us.
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