Development Criteria
McCann seeks to acquire strategically-located land to develop multifamily communities in select markets, with particular emphasis on Houston, Dallas/Fort Worth, Austin, Orlando, Raleigh/Durham, Charlotte, and Richmond.
Category:
Well-located land in strong submarkets including infill locations for development of multifamily residential communities.
Size:
Minimum 250 units, preferably 350+ units; 3-story garden walk-up product
Terms:
Typically all cash, but will consider seller financing.
Submittal Information:
Location map and area description
Aerial photograph of site and vicinity
Plat or parcel plan, current survey and topo
Current tax bill, market data (include sales and rent comps)
Zoning and entitlement status
Cash Proffers
Any offsite or other extraordinary development costs