Deal Targets

We are aggressively seeking opportunities to acquire Class B & C residential assets and Class B & C Industrial in select small and mid-sized markets of Montana, Idaho, Wyoming, South Dakota, Eastern Washington, and Southern Utah.

Investment Areas

We are aggressively seeking opportunities to acquire assets in select small and mid-sized markets of Montana, Idaho, Wyoming, South Dakota, Eastern Washington, and Southern Utah.

Residential

We acquire Class B & C multifamily assets with in-place cash flows and use light capex investments and tech-forward operations to improve operating performance.

We are primarily interested in multifamily assets ranging from 12 to 150 units either as a single asset or as a portfolio.

Given the residential character of the communities we serve, we actively invest in and develop single-family and other low-density rental communities.

Many small cities of the Intermountain region operate as a cluster of cities, where the closest Costco might be a half-hour away. We consider those city clusters to be a single market and invest in them as one.

Light Industrial

We acquire Class B & C industrial assets with in-place cash flows and invest to increase their operating performance and widen their pool of potential tenants.

We focus primarily on warehouse, distribution, flex, storage, and light manufacturing assets.

Commercial Asset Repositions

Our long-term capital horizon allows us to acquire assets short-term firms would pass on.

We opportunistically acquire cash-flowing commercial assets located in the path of progress as short-term value-add acquisitions with the long-term optionality to reposition as residential or industrial, depending on market demands.

Deal Criteria

Residential

  • Class B & C multifamily assets
  • Types: Apartments, single-family rental communities, manufactured housing communities
  • Unit counts: 12-150 units (asset or portfolio
  • In-place cash flows
  • Deal size: $3M-$20M

Light Industrial

  • Core Plus, Value-Add Class B & C Industrial, Storage
  • Single & Multi-Tenant
  • Uses: Light industrial and distribution (e.g. Warehouse, Distribution, Light Manufacturing, Flex), Self Storage
  • Occupancy: Income-producing
  • Building sizes: 10,000+ SF
  • Deal size: $3M-$20M