What type of apartment communities does Hawthorne acquire?
We acquire all classes of conventional apartment communities that are located in the Southeastern United States. Our interest ranges from newly developed communities still in lease up stage to value add, conventional apartments, older communities and stabilized communities.
What is the minimum apartment size Hawthorne will acquire?
We prefer communities with 200 units or greater.
Does Hawthorne have a minimum acquisition size?
We prefer communities valued at 8 million or greater.
Does Hawthorne have a minimum/maximum equity investment size?
Our equity investments range from $500,000 to 10 million.
Will Hawthorne acquire portfolios or groups of communities?
Yes, we will acquire single assets and portfolios.
Are re-development opportunities of interest?
Communities with repositioning potential are one of our primary targets.
Will Hawthorne consider buying mortgage notes in lieu of the real estate?
Yes, we will purchase sub-performing and underperforming notes collaterized by apartment communities.
Will Hawthorne enter into a joint venture or acquire a partial interest in apartment communities?
Yes, we have a high level of interest in these opportunities.
