Property Wanted

We have buyers with specific criteria, which is listed below. If you would like more information, please contact us at Charles@IBDGsolutions.com.

Location	Client Reference	Criteria
FL, GA, NC, SC	Kemp D. & Don	Pursuit of Opportunity-Southeast US; predominately Florida, but certainly GA, NC & SC: We are looking for opportunities in all asset classes that have the potential for success. Looking for: Under performing Assets (poorly managed assets/assets in disrepair)/Non performing notes and bonds/Retail Centers/Apartments/Partially Completed Assets/Bank Debt: foreclosure/pre-foreclosure/Land/Office/Industrial.
FL (Tampa Bay area)	Joe G	8-10+ Acres of Vacant Land: Developer seeking 8 to10+ vacant land in the Tampa Bay area zoned for multi family. 4 acres of land in downtown. Size: Urban locations of 4 buildable acres+ Semi-urban locations of 6 buildable acres+ Suburban locations of 8 acres - 20 acres. Alliance would not be interested in purchasing large tracts of land similar to master planned community developers. We do medium and high density development, so we tend to want to be in town or on the edge of town where things are already developed. We build up, not out. Zoning: Currently or in future land use as multi-family or other zoning that allows multi-family We are willing to take a parcel through rezoning. General Location: 1. near or next to Brand retail - Publix, Starbucks, Panera Bread, etc. 2. Some frontage on a highly trafficked road (usually 4+ lanes). Drive by traffic is very important to Class A apartments. It does not have to be a lot of frontage, but usually at least 80' to allow for signage and entrance road. The rest of the parcel could be tucked in the back. 3. Not be overall encumbered by wetlands or other land development features which force development onto a small portion of the site. Many of the larger parcels have mostly undevelopable wetlands. The preferred land sizes above should be Buildable acreage, not total acreage. 4. In Hillsborough, Pinellas, Manatee and Sarasota counties. Class "A" luxury apartment builders #2 Nationwide Like to be near a Publix/Starbucks; 4 lane highway or larger roads; good visibility; 10 acres minimally with a density of at least 20 units/acre--- price per door depends on location.
USA	Gary R.	- Apartments/ALF's - Commercial (all types) - Multi Family - Single Family (need to be at least 20% discounted)
USA (NY, CA, FL, DC, NV, IL, HA, PA)	Marsha & Randall	1) Hospitality & Casinos: $400 - $10 Billion dollars. “A” rated properties--U.S. and International. Specific areas in U.S. includes Las Vegas, West Coast, California, Hawaii, New York. Existing structure--unless very unusual situation for development. ****We are looking for 5 star resorts in the U.S. for a client in the Caribbean who wants to expand into the U.S. market.  It can be anywhere in the U.S. and up to $175M.  They will close within 30 days.**** 2) Office Building in Florida: forms PGA Boulevard and anywhere 20 miles North of PGA in Palm Beach County and above. 50,000 SF - 75,000 SF. Looking to purchase not rent. Buyer is ready to buy now!!! Currently renting and has only 15 months left on lease. 3) ALF in US: Nursing homes anywhere in the US, prefer portfolios and won't consider anything under 100 bed facility. Must be skilled nursing and currently operating. 4) The following are the Buyer’s requirements: Following locations: New York City, Los Angeles, Florida, Washington  D.C, (Not Washington State) Las Vegas and Chicago. (Also will consider on a case by case basis, San Francisco, and Philadelphia, depending on value) 300 rooms to 1000 rooms Four & Five Star Hotels only (Favoring Five Stars) Need to be fully operating as a hotel, producing cash flow Hotel should be freehold Managed by Marriott, Hyatt, Hilton, Four Seasons, The W, Ritz, Starwood, Sheraton etc. [Branded Hotel Franchise(s)] (Must have existing. Management Operating Contract, favoring Marriott and Four Seasons). Price range to be $50 million to $700 million Cap rates above 5.5% (guaranteed) with potential upside. Looking for trophy hotels over $1B and buyer ready to move now. Office buildings.  Must have triple net credited tenants Price $5M - $50M.
USA	Randall W.	Direct with a buyer who has $200M+/- to spend on: Retail- Off market or new to market NNN Single Tenant Credit Retail Long Term Lease (20yrs +/-) with bumps in initial term Valuable real estate in case tenant fails Northeast to DC, Virginia, Carolinas & Florida; we have considered west coast & other locales for the right deal. Development Land- Situated along I 95 corridor from Northeast to Mid Atlantic----5-200 acres Will land bank for future flip or development **Working with a group that is actively buying real estate in the $5M and up range (up to $1B). They will consider almost anything (we are currently looking at a portfolio of abandoned buildings) as long as it meets the following criteria: 1) Must be a C Corp. 2) Must have tax returns & balance sheets. 3) Appraisal must match or exceed asking price.  **We are direct with the seller of this trophy office building:  Downtown Philadelphia (right near City Hall).  Built in the 1920's.  500,000+ SF, 27 stories, retail in bottom two floors, rehabbed 4 years ago, fully leased with long leases.  Asking price is $80M -- will probably take $75 - $77M Currently 7.5% CAP but expects to go up to an 8 - 8.5% CAP in the next year.  Just came in and not on market.  If interested, I'll get the rent rolls and all the details for you.  Buyer pays commission. No broker chains, please. **One of my associates represents a European investor who is looking for hotels deals in the U.S. Their criteria as follows: 1) We do not want to take part as a developer. We are interested to make an early purchase agreement with a developer pre construction. Only interested to buy turn key. The property must be leased out prior to signing of Sales Purchase agreement to a reputable hotel chain or management company. This company must have such financial credentials that banks providing debt financing will be able to finance the investment with min 70 % leverage "non recourse".  We must access to audited financials of the said lessee and to meet with executives and managers within the lessees company. 2)  It must be a fixed lease that must be indexed on a yearly basis.   3)   The length of the lease must be 20 - 25 yrs.   4)    No leaseholds reg. land. 5)   Only investment in asset. A share deal is a "no go".   6)    This means any turnover based assumption does not work for us, no matter how reputable the operator may be.   7)   For Danish tax reasons (this may be changed during next 6-12 month) we prefer to be the sole investor. However if need be to have a partner/partners they will have to accept certain restrains on their ownership so that the tax advantage for the Danish investors does not jeopardize.   8)   Only up to 10 individual or corporate owners. In other words it will make things a lot easier if we can buy the asset 100 %. 9)   We need to agree on a purchase price based on an agreed yield level. The agreed percentage yield will be used to set the purchase price put in relation to the Net Operating Income (NOI). This defines as all cost relating to the operation of the hotel and the building. This way it will lead to an actual NOI figure where the only additional cost for the investor will be own costs relating asset management.   10) If we buy pre construction we prefer to structure the deal so that we buy the site in one separate agreement and at the same time paying for a building contract where as the purchase price should be a combination of asset and the interests accumulated during building construction. The interests are deductable from a tax perspective and are needed as long as the hotel property is not finished and hotel is in operation.   11) I would like to emphasize that the location and of course the agreed yield percentage has a great importance for us. Prefer a Manhattan or another major city hotel location. We do not like resorts or smaller cities. However when it comes to those it could work if the length of the contract is 30 yrs ++ and the yield is attractive.    Hotels up to $9 Million
USA	Jon G.	Performing Notes & None-Performing Notes. No amount, it must make sense. Any location. *special locations for Hotels-Sarasota Commercial NPN's
USA	Ron Z.	Apartment Complexes. (all types)
USA	Bill H.	Distressed residential communities: both SFR & condo communities. Price point $5-200 Million.
USA	Linda R.	5 Star Hotels internationally: both existing & sites will work---Miami/Costa Rica/Raw land/Tear downs No price point since the hotel is $2.5bil.
USA	Matthew L.	Large broken condo deals or apartment complexes deals. REO’s
USA	Larry S.	Residential./commercial/marinas: need-Apartments/office buildings/hotels/retail centers/marinas/price between/ $5 - 40 million range and up to $200 million. Cash flow @ sales price; sales price must be below appraised value. Cert. financial & appraised. 50 on a dollar Client has $9billion to invest. 1. Business proposal outlining the who, what, where, when, why, how and how much. 2. Business plan / Executive summary 3. Complete property profile, if real estate. Also desirable are the Sellers corporate financial documents, which would include: P&L, Income Statement, and Balance Sheet
USA	Morris K.	Distressed residential communities: AMENITIES MUST BE IN PLACE. Prefer gated communities near or on golf course, water, or marina. No High rise condos; No SFR. 50-60 cents on a dollar. Townhouses *existing inventory preferable. Price point $5 million and up.
USA	Carlos I.	Seeking Homes - US only: 50 K – 15M IF MLS LISTED. Example; BANK OWNED, PROBATE or SHORT SALE. *Only if the listed price is close to the actual property value. *Sale’s price of subject property will have a 50% or higher discounted price of the Listing price SHORT SALES *Short-Sales .50c/$1.00 or 50%of Listed Price LOAN TO VALUE *50% Loan to Value or lower. (From present market value) CONSTRUCTION TYPE: *Frame or CBS….OK! SQ. FOOTAGE: *900 sq. ft. or bigger REPAIRS: For properties between $50 - $400k (No more than $25k worth of repairs.) For properties between $410 -$1M. (No more than $70k worth of repairs.) For properties between $1Mill-$8M. (No more than $120k worth of repairs.) OCCUPANCY Rented or vacant…OK! (Specify rent rolls) LOCATION… (Any place in US)
USA	Evelyn B.	1) German Real Estate Funds Company Leader in Europe, 40 years on the market, with currently Euro 7 billion of real estate assets New on US market Core objects in CBD in Boston, Washington, San Francisco, Seattle, LA Excising Office Buildings, Doctor’s offices, Shopping Center’s or anything with good return Long lease contracts, AAA companies Return 6% plus Investment Volume per project 50-150 Million Euros (approx 70-200 Million US$) 2) German Real Estate Funds Company with offices in USA and Canada Office Buildings Long leasing contracts, AAA companies Return 6% plus Chicago, New York City, Boston, Washington, San Francisco, Seattle, LA and others Investment Volume per project 30-100 Million Euros (approx 40-150 Million US$) 3) German Real Estate Acquisition and Consulting Rental Properties (residential only) Long term leases 5% NOI 10 Million Euros plus (15 Million US$ +) 4) British Commercial Real Estate Broker Specializes in retail, hotels, shopping centers, parking garages, office buildings. Core assets with 6.5% plus return 5) British Private Investor with 26 smaller shopping centers in Germany Needs financing in US, can put money down New in US Looking for good deals, doctor’s offices Can react fast 6) US Wind Power Company land for concession for wind turbines 35-99 years in US Will be built in multi phases 100 MW (2000 ha) in the beginning and within 6 years expanding to 10-15’000
USA	Zaf T.	Re-development & value-added real estate We often times look to property types or geographic regions that are out of favor in order to stay ahead of the competition. We make investments in all property types including multi-family, office, retail, and hotels, industrial, residential and commercial land. $3 million to $15 million, no supper size limitation. They will buy shopping centers with dark boxes, but definitely “Value-Add” Hotels must have low “RevPar” ratios. Bank notes and hospitality or multi family (condos or townhouses) in bulk. Remember, they are wholesale Buyers. Products must show that the pricing is based on current market conditions with comps to validate. From there, he will deduct carrying costs, commissions and other soft costs. There must always be a strong exit strategy presented with the acquisition.
CA, NY, FL Southeast US	Chad L.	1) San Francisco "1031" buyer: $50 mil in a 1031 tax-deferred exchange account + can add $50 mil liquid cash to supplement an acquisition. Prefers "value add" shopping centers in U.S. (he has ability to bring in a Wall-greens or Rite Aid to any center). Will also look at any property that appears to render reasonable short term profit or a development deal that will sustain (he JV's with investors on a hotel chain out of Hawaii on one of their prior 1031's).   2) New York equity fund (1 B+ in assets). "Dirt" that can be entitled and improved, rendering short-term profit. Also will look at the "in the path of progress" corner lot in Vegas that can be purchased and held for "packaged flip" later on. Anywhere in U.S.   3) Bulk REO or builder close out buyer. Primarily looking in the SE and SW U.S. If it's been "out there", he’s probably seen it.   4) San Diego bulk REO or builder close out buyer. Primarily looking at SOCIAL or Fresno or Tulare, CA. Equity line of $50million, can increase to $100 million. They are tight on their purchase parameters--they will not pay more than 40k for a finished lot. No more than 200k on finished SFR products and less than 100 k condos.   1)CLEAN Multi-family units in FL!!! Multi-family projects with a minimum of 200 units - $40 to $60,000 a unit with a detailed revenue and expenses document – year of construction, number of sq. ft. and how long the owners have owned the project. The area Tampa. My second client $5million cash to purchase high end high-rise condominium like the 360 in Miami.
USA	Mickey O.	Condo communities 50% ownership: full subdivisions/communities with condos or single family homes. Price tag any were from $7 million up to a billion dollars.
USA	Frank V.	Performing & non-perf. Notes secured by real estate, from $100,000 -1MM per deal. For larger transactions, do up to $20MM. Also looking to buy distressed real estate assets in FL, up to $20MM. Existing projects only.
USA	Mike M.	Land-raw or infrastructure in place- Residential. Locations: Atlanta/Chicago/ N. Carolina/Mid Atlantic.
USA	Peter G.	Unfinished or finished Condo projects/ Town house projects/ Land-raw or infrastructure in place-residential. None performing notes. No dollar amount.
USA	Joe M.	Commercial properties at 50% to 60%. Will do office buildings, commercial buildings etc. must be 50 % occupied.
Outside USA	Marjorie T.	Properties out side of the US.
USA	Elliott	Debt – performing/non-performing Commercial real estate - $3MM - $25MM per asset Commercial REO, Office, Hotel, Multi-family, Industrial.
FL	Scott L.	Multifamily properties of 150+ The current company's transaction expertise covers a broad range of disciplines including multifamily, retail, property management, consulting, construction and development. Lead principal is currently the adviser to several private equity groups that have raised over half a billion dollars to acquire fractured condo conversion projects in the state of Florida; has bought and sold several apartment projects; Specifically, this principal is the point-person for a Connecticut-based private equity group with a $200 million bankroll to acquire distressed condo projects in Florida. Half of the fund will be invested in South Florida projects, the rest in other areas of the state. With a debt leverage of 50 percent, the fund targets $400 million worth of properties.
FL	Rex G.	Residential land and lots. Bradenton to Naples, entitled would be good but not required. 100 to 150 homes sites, looking CHEAP, possible bank take backs.
NY (Manhattan)	Hamid H.	REO package Commercial buildings in Manhattan. The buyer is very solid.
USA	Scott	A large fund out of NYC looking for performing and non-performing commercial paper. Buyers will not go through the typical NCND, LOI, POF, etc.  This is what we are mostly concentrating on: -Debt/Equity financing over 10m -Developing Hotels: We are currently developing 7 hotels -Developing Apartments: Have several projects we are working on the entitlements -Developing Affordable Housing Projects: We have a 501c3 and are currently looking for projects Nationwide.  Need to have support of the municipality and grant money available.
World-Wide	Fred & Kevin	A major energy/coal/gold mine owner that is seeking to purchase coal mines, land for mining coal and gold mines throughout the world.  Location is not a concern.  He is also interested in any type of energy/bio-fuel/carbon producing medium…for example…chicken waste, oil/grease waste products, timber waste.
USA	David F.	SFR-OK if they need to be renovated Package Ok. Small Apartment Complexes-Ok if they need to be renovated.

Should you have any questions or require assistance, please contact:

 

Charles Rondeau
Phone:  (352) 465-0728
Fax:       (352) 465-2341
Email:    Charles@IBDGsolutions.com