Acquisitions

At Cabouchon Properties, we thrive on healthy growth and are always ready to discuss affordable and market-rate opportunities. We’re headquartered in San Francisco, California, but with properties in five states, we’re able to review options nationwide. Our capital resources and professional staff mean short due diligence periods and quick closings when needed.

Criteria

• Transaction Size:
  From individual assets to large portfolios, $2 million to $50 million.

• Location:
  While Cabouchon continues to examine all growing markets, we maintain particular interest in assets near existing Cabouchon properties: Alaska, California, Ohio, Pennsylvania and Virginia.

• Size:
  Generally 100 units and up.

• Age,Structure:
  While an ‘80s project is typical, newer properties will be readily considered. We favor HAP contracts, financed with HUD 236 or D(4) loans. Also of interest are HUD properties going through, or that have gone through, mark to market.

• Transaction Structure:
  Generally all cash, or cash to existing mortgage. Cabouchon will also consider assumptions of existing financing if the terms are agreeable.

Information Requested

For our preliminary pricing analysis, we request the following:

• Full property description
• Current tax bill
• Market information (including sales and rental comps)
• Current rent roll
• HAP Contract
• Previous year's year-end operating statement
• Mortgage note and other financing documents
• Color photos
• Location map
• Year-to-date detailed operating statement

Marketing Package Submissions

Our professional staff can quickly determine if there is an immediate interest, or if the asset has been previously submitted.

Marketing packages may be sent to:

Acquisitions Division-Cabouchon Properties, LLC
Attn: Michelle Whiley
Pier 9, Suite 114
San Francisco, CA 94111
Phone: (415) 433-2000
Fax: (415) 433-1111
E-mail: whiley@cabouchonproperties.com