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Geographic Locations: California, Arizona, Nevada, Oregon and Washington |
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75 to or greater units with majority of units exceeding 500 square feet |
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Combination of IL and AL (Small percentage of ALZ acceptable - less than 25% of total units) |
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Low occupancy, poorly managed or distressed properties are acceptable as well as stabilized properties with opportunity for upside |
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Middle to upscale locations with high concentrations of seniors and the 45-64 age population |
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Current occupancies of 70% to 90% |
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Class "A" properties built after 1985 |
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No tax credit or low income |