Acquisition Criteria
Acquisition criteria built around disciplined review.
We review multifamily opportunities through conservative underwriting, practical CapEx planning, and clear market selection.
What We Acquire
Select multifamily opportunities with credible value creation.
We prioritize assets where the business plan can be supported by property-level evidence, realistic renovation budgets, and durable market demand.
| Review Area | What We Look At |
|---|---|
| Property Information | Address, unit mix, current occupancy, property condition, photos, and offering materials. |
| Financials | Rent roll, T12 or trailing operating statements, NOI, taxes, insurance, utility exposure, and debt assumptions. |
| Value-Add Plan | CapEx needs, deferred maintenance, renovation scope, rent premium potential, timeline, and execution risk. |
| Deal Structure | Conventional financing, assumable debt, seller financing, partnership structure, and closing conditions where applicable. |
What Makes a Deal Worth Reviewing
Clear financials, realistic pricing, credible upside, manageable deferred maintenance, and a seller/broker willing to provide diligence materials.
When a Deal Is Not a Fit
Unclear financials, unsupported pricing, severe unknown CapEx exposure, weak submarket demand, or assumptions that require aggressive execution.
Direct Review
Submitted opportunities are reviewed professionally with attention to confidentiality, broker relationships, and practical next steps.
Direct Principal Review
Contact Varela Capital Group LLC
Submit a multifamily acquisition opportunity with rent roll, T12, photos, and pricing guidance when available.