Acquisitions
What We Look For: The Price Capital Group Acquisition Criteria
Every fund and every buyer talks about discipline. Here is the exact filter our acquisitions team applies to industrial, multifamily, office, and NNN lease opportunities across South Florida.
Asset Classes We Pursue
We acquire four asset classes: small to mid-bay industrial and warehouse, multifamily (typically 20 to 200 units), professional and medical office buildings, and NNN lease properties. Each class has its own underwriting model, but the screening discipline is the same.
We avoid land speculation, ground-up development we are not operating, hospitality, and self-storage. Not because they are bad assets, but because they sit outside our operating expertise.
Geography: South Florida and Adjacent Growth Corridors
Our primary footprint is Broward, Miami-Dade, and Palm Beach counties. We selectively look at Treasure Coast and Southwest Florida markets where we have submarket conviction and an operating plan.
Geography matters because property management is hands-on. We will not own an asset we cannot drive to in an afternoon. Distance erodes operating discipline.
Deal Size and Check Size
Typical equity check ranges from $2M to $25M, with deal sizes from roughly $5M to $60M. We will go larger with the right joint venture partner. We will go smaller for an off-market opportunity that fits the rest of the criteria.
Below $5M, transaction costs and management overhead consume too much of the return. Above $60M, the buyer pool is deeper and our edge in execution and operations narrows.
Return Profile and Hold
Core-plus to value-add: we target unlevered IRRs in the high single digits to low teens on core-plus, and mid-teens to high-teens on value-add executions. Cash-on-cash yields in years 3 to 5 are equally important. We are not return-of-capital investors who rely entirely on exit.
Typical hold is 5 to 10 years. We are long-hold owners, willing to refinance and recapitalize rather than sell into a soft market.
Specific Property-Level Filters
For industrial: 18 to 32 foot clear height, dock-high and grade-level loading, sufficient power, and access to major corridors. For multifamily: post-1985 construction or fully renovated pre-1985, with separately metered utilities and parking ratios that match the submarket.
For office: stabilized in-place tenancy, manageable near-term rollover, and a clear plan for vacant suites. For NNN lease assets: investment-grade or strong national or regional credit, meaningful term remaining, and a basis that protects us if we ever have to re-tenant.
What Makes Us Move Fast
Three things accelerate our process: a clean rent roll and T-12, a clearly identified seller motivation, and a property within our geographic and asset-class focus. When those are present, we can deliver feedback in days and a written offer in a week.
If your opportunity fits the criteria above, our acquisitions team will give it a real read, not a desk-rejection.
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