Acquisitions |
Acquisition & Development Criteria
FountainGlen Properties, LP develops, owns and operates Age-Restricted
Apartments and For Sale housing communities for Active
lifestyle Senior living.. |
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| Geographic Locations
California * Arizona * Nevada * Oregon * Washington
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Existing Senior
Apartments
- 100 - 300 units
- Middle to upscale suburban and urban locations preferred
- Initial yield 6.5% cash on cash
- Value-added projectsd esired
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- Size 3-15 acres
- Middle to upscale suburban and urban locations preferred
- Located within 1± miles of retail and other services
- Zoning - Multifamily zoning not necessary. Will rezone!
- Will consider Mixed-Use opportunity
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Submittals
John K. Alstrom
Vice President of Acquisitions
FountainGlen Properties, LP
320 Commerce, Suite 100
Irvine, CA 92602
Tel (714) 734-1480 / Fax (714) 734-1481
Email: jalstrom@fountainglen.com
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Submittal Inclusions
- A description of the improvements/property
- Area and locator maps
- Photographs of the property and/or an aerial of the
site
- A site plan / parcel map
- A current rent roll
- At least one year of actual operating data, including
YTD financials
- Loan information
- Market comparable rents and sales
- Zoning information
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As there are often multiple
submittals, FountainGlen Properties, LP will typically
work with only brokers or agents that have control and
complete knowledge of the deal, either through a listing
or a strong relationship with the seller or seller's agent.
FountainGlen Properties, LP will protect the broker who
is the "procuring cause", i.e., the broker that
elicits the letter of intent.
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