Acquisition Criteria
Product Type:
Multifamily Apartments. The PRG Real
Estate portfolio is composed of apartment communities in suburban
locations in Pennsylvania, Virginia, North Carolina, South
Carolina, and Florida. The average community size exceeds
200 units. For investment purposes, the company looks for
properties in above average locations. General condition can
vary from minimal to major rehabilitation depending upon acquisition
cost.
Geographic Focus:
PRG actively seeks acquisitions
in first-, second- and third-tier cities in the Eastern half
of the United States from Pennsylvania to Florida. Minimum
area population levels of 400,000 are preferred.
Contacts:
The contact at the Company for acquisition is Bob
Dominy. Bob can be reached at (215) 744-1200 ext.22
or fax 215-744-4042.
Deal Structure:
When required, existing mortgages will be assumed.
Brokers: Brokers are protected.
Acquisition Size:
The average acquisition size varies from 3 to 25 million dollars.
To contact our Acquisitions
Specialist – click
here.
For more information
about PRG – contact us.
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