CITADEL REAL ESTATE GROUP invests in stabilized and value-add apartment properties of 150+ units in size and repositions them by adding capital improvements, reducing expenses by creating operational efficiencies through the implementation of institutionalized property management and in some cases re-branding a community to attract new residents. Citadel targets to sell or refinance (cash out – return investor principal investment) the community as a stabilized asset within three to seven years.
Acquisition Criteria
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Property Type
Multifamily - Garden Style Apartments / Urban core
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Asset Class
A to C+ (Primary focus is Class B assets)
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Location Quality
A+ to C+
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Property Size
50 - 500 units; single asset or portfolios
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Property Vintage
1980’s or newer (or exceptional older properties)
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Investment Structure
All cash to seller; Loan assumptions on a case-by-case basis.
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Value Plays
Seeking stabilized assets with operational and physical repositioning opportunities.
Preferred Markets
- Georgia
- Texas
- South Carolina
- North Carolina
- Florida
- Tennessee
- Missouri
- Arizona
- Colorado
- Nevada
- Virginia
- Kentucky
- Maryland
- New York
- Pennsylvania
- New Jersey