Property Values Our investors are seeking properties valued from 15 million U.S. Dollars to 5 billion. The preferred range is from 50 million U.S. Dollars and higher. Properties valued under this desired amount may be considered.

Property Cap Rates The Capitalization Rate or Cap Rate is a ratio used to estimate the value of income producing properties. Put simply, the cap rate is the net operating income divided by the sales price or value of a property expressed as a percentage. Investors, lenders and appraisers use the cap rate to estimate the purchase price for different types of income producing properties. A market cap rate is determined by evaluating the financial data of similar properties which have recently sold in a specific market. It provides a more reliable estimate of value than a market Gross Rent Multiplier since the cap rate calculation utilizes more of a property’s financial detail. The GRM calculation only considers a property’s selling price and gross rents. The cap rate calculation incorporates a property’s selling price, gross rents, non rental income, vacancy amount and operating expenses thus providing a more reliable estimate of value. Properties presented as income producing should support a cap rate of 6.5% or higher. Properties presented as trophy structures are exempt from this guideline. Generally, developmental and land projects are not desirable at this time.

Property Types Any income-producing property type applies to this program. The general focus, however, is on property types of the following:

Income-Producing Properties

Type	Comments
Office Buildings	Preferred Locations: NY,DC,IL,CA,TX,FL
Medical Buildings	No Preferences Known
Hotels	Flagged or Unflagged
Apartments	Preferred 200+ Units
Casinos	Preferred in Las Vegas, NV

· Fee agreements must be in place by the submitting authorized agent/broker and seller before submitting properties.

· Submitted properties must all be properties that are off-market and not listed for sale ANYWHERE.

· If the seller is in a hurry to sell and is planning to list the property in the immediate future, it is better to not submit the property.

· From the moment an investor has expressed interest in a property that has been submitted closing, expect 30-90 days to elapse.

· The executive summary data should be thorough, but may be illusive enough so that a property may not be identified in advance.

· Submitted executive summaries must be completed by Seller or authorized broker.

· In some cases, a handwritten executive summary template may be submitted. If an executive summary is completed by hand, and we are unable to identify EACH letter of EVERY word, the summary will be discarded.

· Executive summaries that are incomplete (missing vital data) will be discarded.

· If a property is in fact off-market (not formally listed for sale), but is being shown to multiple parties, it should not be submitted.

· Fees to partners and related parties are paid within 14 days of closing,

> View Purchase Process and Submit an Online Executive Summary