Mill Creek Residential pursues multifamily acquisitions in targeted markets across the United States. As part of the company's "buy where we build" strategy, we look to offer a variety of rental options in those markets where we are currently actively developing communities. Since 2012, the company has acquired more than 2,000 apartment homes: Skye at Belltown, Lakewood on the Trail, La Tour Fontaine, Woodmoor Apartments, Port Royale, Heritage Creek, The View at Waterfront, Alister Sherman Oaks, and Palm Place Apartments.
Our competitive advantage exists from a broad and deep reach into primary markets across the country supported by a seasoned team of acquisitions, development, construction, finance, and asset management associates in 14 offices. We possess demonstrated investment expertise in the acquisition of existing assets that have opportunity to improve through physical upgrades or operational improvements, transforming them into exceptional leading-edge properties.
We target core markets that have been historically profitable in development, construction and acquisition endeavors and demonstrate above average population growth, strong employment characteristics, and consistent and sizeable institutional investment demand.
|Alister Sherman Oaks
SHERMAN OAKS, CA
|The View at Waterfront
|Lakewood on the Trail
|Skye at Belltown
|Port Royale Apartments
FORT LAUDERDALE, FL
| La Tour Fontaine
JULY 2012 [SOLD]
|Woodmoor on South Lamar
JULY 2012 [SOLD]
|Place at Greenway
DECEMBER 2011 [SOLD]
Mill Creek Residential seeks multifamily acquisition
opportunities with the following property and investment characteristics:
|PRODUCT TYPE:||Garden, mid-rise & high-rise|
|ASSET CLASS:||A to B-|
|LOCATION QUALITY:||A+ to B|
|TARGETED INVESTMENT SIZE:||$10+ million|
|100 apartment homes or larger on single assets & portfolio transactions of all sizes.|
Communities with upside potential through repositioning, reconversion, rehabilitation, construction completion or redevelopment.
|CORE PLUS INVESTMENTS:||
Communities in unique locations with attractive valuation to actual replacement cost and that provide above-average sustainable yields and favorable long-term prospects.
Special situations where capital constraints prevent the asset from reaching its full potential the acquisition of whole loans will be considered as well as the recapitalization of "broken" investment partnerships.
|EAST REGION ACQUISITIONS||WEST REGION ACQUISITIONS|