Real Estate Brokers

Parkhurst values our relationship with expert local real estate brokers in sourcing both on and off market opportunities for acquisition. We ensure confidentiality and build long term relationships by understanding the importance of ensuring you get paid properly on every deal.

We are actively acquiring multi-family apartment buildings & retail strip malls in the Alberta corridor on a cash-flow basis.  We are a potential buyer for properties that meet the following criteria:

Multi-family

Type: 15-100 unit wood frame walk-up multi-family
Min: CAP Rate: 5.5% in B or better areas, 5.0%+ 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.

 

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