ABOUT US
Four Four Capital is based in Denver, Colorado and was founded in 2010 with a focus on the acquisition and improvement of multifamily communities, as well as the development and acquisition of senior living communities, in the Southern and Central United States. Four Four Capital is not confined by typical real estate fund structures and, therefore, can move quickly and uniquely to acquire target assets.
MARKETS
WE COVER
Colorado, Oklahoma, Texas, Arkansas, Louisiana, Mississippi, Alabama, Tennessee, Kentucky, Georgia, Florida, South Carolina, North Carolina, and Virginia
*Other markets are being vetted and explored
EXISTING ASSET
ACQUISITION CRITERIA
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INVESTMENT CRITERIA
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150 unit minimum size
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1990 or newer construction
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Strong value add component(s)
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A/B location
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Any class of property
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Any market size - from primary to tertiary and smaller
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Not reliant on any single educational institution, employer, or government/military facility
RETURN CRITERIA
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Minimum $500,000/year cash flow at 8%+ cash-on-cash (or can be lifted to these levels through value add)
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Projected $5mm+ gain on the refi or sale within 3 years
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Does not need to have positive cash flow or positive NOI at closing if there are sufficient value add opportunities
TRANSACTION TYPES
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Distressed assets
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Rehab / deferred maintenance / "problem" properties
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Development of additional phases
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Foreclosures & short sales
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Off market
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Highly motivated sellers
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Buyer-paid broker fees - we aggressively compensate for strong off market opportunities
SITE SELECTION/LAND ACQUISITION CRITERIA
SITE CRITERIA
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Secondary and tertiary markets such as Lexington, KY and Greenville, SC, not major markets like Atlanta or Chicago [suburbs outside of these markets may be acceptable.
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Markets with a high population of seniors age 75+ with an annual household income of $35,000 or greater
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Markets with a high population of people age 45-65 with an average household income of $75,000 or greater
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Areas with both historical population growth and projected population growth
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8 acre minimum
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Near major shopping and dining; also near major higher end neighborhoods
