Aeron Investments is a privately held real estate investment and development group. Recent in it’s formation, but not new to real estate. All acquisitions are supervised by The Scott Scheel Academy, a company that has been in the business for over 15 years. As well as a short list of highly qualified team members who collectively have decades of real estate experience.
To purchase a 50-100 unit apartment building in the south east part of the USA that was built or substantially upgraded since 1965. We are looking for a property that is a C class to a lower B class, possibly that has room for improvement and therefore upside potential. They key factor is that will provide stable cash flow and be a prosperous investment for many years to come.
Type of Assets: Multi-family residential properties containing 50-100 units. Properties of greater value will be considered, but generally to be passed along to other investors.
Asset Grade: C-B quality apartments, that have been built or fully renovated between 1965 and 1995, that are fully functioning as is and 80% occupied or more.
Investment Levels: Properties valued at $2-7 Million, with a Net Operating Income of $200K + before debt service.
Geography: Charlotte North Carolina, Atlanta Georgia or any other city with a population for 100,000 people or more in the south east part of the USA.
Financing: We prefer properties with assumable financing and/or some level of seller financing. We are eager to also partner with interested investors as equity partners. Each deal with be assessed on a case by case basis. If need be we do have a bank in Phoenix who finances international investors. An american partner would be a welcome asset, but would also be very carefully screened.
Escrow Periods: We need 30 to 45 days for feasibility periods, and 30 days after to close.
Acquisition Review Requirements: Site Plan, physical description, photographs, rent rolls, historical operating expenses, lease abstracts, tenant sales, sale & lease comparables, demographics and purchase terms.
Response Time: We respond to all complete acquisition submissions within 72 hours