Value Added Acquisitions
Assets in need of moderate to extensive capital expenditures; renovation/repositioning, redevelopment/conversion of historic buildings to rental housing, improvement in management/marketing.

Stabilized Core-Plus Opportunities
Assets requiring limited capital, generally stabilized with some upside potential, although not to the same extent as the “value added” category.

General Guidelines:

·            150 units minimum in urban or suburban-urban location.

·            Class A, B or C assets.

·            Properties constructed from 1950 to present day.

·            Desirable in-fill location with substantial barriers to entry.

·            High visibility/drive-by traffic and close proximity to public transportation, easy access to   expressways, close to shopping centers.

·            Professional, healthcare or service industry employment base.

·            Garden style, mid-rise or high-rise properties.

·            Will consider conversion of buildings not currently operating as residential; e.g. hotels, office   buildings, to multi-family residential.

·           Will consider assembly of non-contiguous properties located in same general vicinity.

·           Will consider unit count under 150 units if available, contiguous development parcel exists to   increase density. 

- Increase market share in markets where Village Green currently manages assets and expand into new
  markets.

Target Markets:                                                                              Third Party Management Markets:

     * Village Green will also expand into markets where existing clients desire Village Green to go.

·            All cash basis (no financing contingencies)

·            May assume debt, if favorable.

·            Flexible options to accommodate Seller requirements (e.g.  ability to provide option to defer tax
 recapture.)

·            Flexible pursuant to Seller requirements.

·            General terms.
 - 30 – 45 days due diligence.
 - 30 days to close.