Acquisitions
Acquisitions
AMJ’s Executive Team can evaluate and close deals quickly. We have developed a reputation as a serious buyer with the ability to close with cash. Below is a short list of our acquisition criteria:
Quality analysis is key to our buying decisions. We review market demographics and conditions, comparables, rent or sale rates, necessary capital expenditures, operating costs, possibilities of leverage, and predict IRRs.
- We prefer to stay within a 3 hours drive time of Gainesville, Florida.
- We always purchase at less than replacement cost.
- We are investors with a long term perspective therefore prefer higher quality assets.
- Good pricing is a necessary, but not a sufficient condition for purchase.
- Income producing properties are analyzed based on long term market rents, not only current rents.
- For sale properties are analyzed on quick sale pricing, not wishful thinking.
- We will purchase properly discounted real estate notes and mortgages.
- We are not interested in auction properties, and we don’t chase deals.
- We have never been afraid to pursue a complex deal, if after carefully analyzing all the facts, we believe the risk/reward profile is reasonable.
