My facility needs some work and/or has deferred maintenance. Will you buy it "as-is"?
Absolutely! We buy properties in any condition, and are happy to purchase facilities that need some work to bring them back to their full potential.
We have a lot of vacancy at my facility. Will that affect your interest in buying it?
No, we're still interested! We buy facilities ranging from completely full to completely empty and everything in between.
How quickly can you buy my property?
The short answer is it depends, as each situation is a little bit different. That said, our goal is to always work closely with sellers to create a timeline that works for everyone involved.
I'm located out of state (or far away from my facility). Do I need to be there for you to view the property?
No. While we'd love to meet you in person, there's no need to make a special trip if it's not convenient. As long as we can get access to the facility, we do not need the owner to be there.
What do you need from me in order to make me an offer?
Great question. The more information you can provide, the better quality offer we'll be able to put together. We typically are looking for at least the following two things if at all possible:
- Rent roll (Unit Sizes, Current Rents, Vacancy, etc.)
- Income and Expense Information (i.e. Profit and Loss Statements) for the past 2 years
It's also helpful to know if there are any liens, maintenance issues, etc. so we can take these into account before we get too far down the path.