ABOUT

ABOUT US

Four Four Capital is based in Denver, Colorado and was founded in 2010 with a focus on the acquisition and improvement of multifamily communities, as well as the development and acquisition of senior living communities, in the Southern United States. Four Four Capital is not confined by typical real estate fund structures and, therefore, can move quickly and uniquely to acquire target assets.

MARKETS

MARKETS
WE COVER

Alabama, Arkansas, Colorado, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia

*Other markets are being vetted and explored

ASSET ACQUISITION

EXISTING MULTIFAMILY
ACQUISITION CRITERIA

INVESTMENT CRITERIA

60 unit minimum size for affordable multifamily and affordable senior living
150 unit minimum size for market rate multifamily and senior living
2000 or newer construction
Class A or B construction
Markets over 100,000 population
Not reliant on any single educational institution, employer, or government/military facility
Open to secondary markets and bedroom communities of first tier markets
Prefer affordable and mixed-income senior communities with average AMI near 50% when extended-use remains 5+ years
Prefer deeper affordability (below 50% AMI) when extended-use expiration is within 3–5 years to capture near-term rent lift potential

RETURN CRITERIA

Demonstrable discount to replacement cost, depending on how much repositioning and time is needed to correct course
5%+ cash yield likely within the second year of ownership
Does not need to have positive cash flow or positive NOI at closing

TRANSACTION TYPES

LIHTC/affordable multifamily and affordable senior living
Distressed assets
Development of additional phases
Foreclosures & short sales
Off market
Highly motivated sellers
Buyer-paid broker fees - we aggressively compensate for strong off market opportunities
Rehab / deferred maintenance / "problem" properties
Market rate assets
Core Plus

LAND ACQUISITION

SENIOR LIVING SITE ACQUISITION CRITERIA

SITE CRITERIA

Secondary and tertiary markets such as Lexington, KY and Greenville, SC, not major markets like Atlanta or Chicago [suburbs outside of these markets may be acceptable.
Markets with a high population of seniors age 75+ with an annual household income of $35,000 or greater
Markets with a high population of people age 45-65 with an average household income of $75,000 or greater
Areas with both historical population growth and projected population growth
8 acre minimum
Near major shopping and dining; also near major higher end neighborhoods

CONTACT