BAF is currently looking to acquire properties that possess moderate current returns with the potential for significant appreciation. Our ideal size deal is from $5-$20 million per property. We can pay all cash; however we generally use moderate leverage. Target areas include Florida and the Southeast and the DC/MD/VA metro area. Inside our target areas we also look for deals that may require redevelopment or repositioning.
We are currently seeking opportunistic investments of apartment communities 75 units and larger, having a price per unit generally in the $50-$90k/unit price range. We target B & C properties in good growth areas. Older properties are acceptable. In addition to our target areas, we look to purchase properties in modest sized metropolitan areas having a population of at least 200,000.
Retail & NNN
Anchored and Unanchored strip centers in target areas. Outside of target areas anchored centers 50,000 SF and larger, exhibiting upside potential.
Industrial and Office
Industrial properties 40,000 SF and larger in target areas. Office properties 30,000 SF and larger in our target areas. Preference is given to medical buildings or office buildings within close proximity to hospitals. Also, self-storage facilities 40,000 SF and larger.
We have the expertise and experience to purchase defaulted & non-performing notes, foreclosures, and other special situation opportunities. These are evaluated on a case-by-case basis.