Acquisitions
Keelbase targets properties at a discount to peak pricing and today’s replacement cost — with a focus on operational efficiency, rent growth potential, and strategic repositioning to achieve value-add returns.
Our Seattle-based team is creative, nimble, and can close quickly.
Acquisition Parameters
- Asset Types: Multifamily, industrial, retail; others on case-by-case basis
- Location: Seattle MSA
- Structure: Fee simple, leased fee, note purchases, REO, recaps
Preferred Characteristics
- Quality real estate with strong intangibles
- Strong micro-location with proximity to job growth and demand drivers
- Ability to create value through capital improvements and/or operational efficiencies
- Optionality at the asset level with additional revenue streams, development capacity, etc.
- Quantifiable and manageable risk profile
- Rent headroom relative to competitive set
- Institutional caliber — today or in the future