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Acquisition Criteria | Belora Equity Partners

Are you considering selling your multifamily property? Belora Equity Partners is actively acquiring well-located apartment communities and works directly with owners to create smooth, confidential, and reliable transactions.

Whether your property is stabilized, underperforming, or somewhere in between, we take a thoughtful approach to understanding its true potential. We are not here to flip properties—we’re here to create long-term value for sellers, communities, and our investor network.

Why Sellers Choose Belora Equity Partners

Quick, Certainty-Backed Offers:

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Our underwriting process is efficient and transparent.

Discretion & Professionalism:

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Off-market transactions are handled confidentially and respectfully.

No Pressure, Straightforward Feedback:

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If a deal isn’t the right fit, we’ll tell you quickly and respectfully.

We Close with Confidence:

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Backed by a private investor network and trusted lending partners.

Respect for Residents:

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We believe multifamily properties are more than buildings—they are homes.

Acquisition Criteria | Belora Equity Partners

Providing Everything You Need

Residential District

Our Property Criteria

We acquire multifamily communities with the potential to benefit from operational improvements and physical enhancements:

  • Asset Type: Garden-style or low-rise multifamily apartments

  • Size: 50–150 units

  • Vintage: 1980s or newer (case-by-case for well-maintained older assets)

  • Occupancy: Minimum 85% stabilized or clear repositioning upside

  • Roof Type: Pitched roof preferred

  • Property Class: C+ to B+ assets in C to A locations

  • Purchase Range: $4MM – $25MM

Investment Criteria

  • Target Cash-on-Cash Return: 8–12%

  • Minimum DSCR: 1.25

  • Hold Period: 5–7 years, depending on the business plan

  • Exit Strategy: Based on market cycles and value creation milestones

Smiling Colleague
Family Picnic

How We Identify the Right Markets

We focus on emerging and growth-oriented secondary markets where we see strong upside potential and sustainable fundamentals:

  • Population growth and inbound migration

  • Expanding job markets and industry diversity

  • Favorable rent-to-income ratios

  • Pro-growth local government and development policies

  • Local investment in infrastructure and economic development

Couple at Home

Belora’s Research Process Includes:

  • Housing demand & supply reports

  • Local employment and population trends

  • Urban development and “path of progress” analysis

  • Economic and Chamber of Commerce data

Our Acquisition Process

We simplify the transaction process for sellers while executing thorough diligence for our investors:

Reviewing Reports at Desk

Initial Review:

Evaluate rent roll, T12, and condition photos

Accountant

Underwriting & Offer:

Transparent modeling with clear terms​

Engineer Examining Air Conditioner

Due Diligence:

Inspections, lease audits, legal review

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All Hands In

Financing Strategy:

We bring both equity and lender relationships to the table

Meeting Room Business

Business Plan:

Outline of operational and physical improvement strategy

Value-Add Strategy

We view every property as a local business serving real people. Our job is to operate it well—and improve it thoughtfully.

Common Value-Add Opportunities:

  • Improving under-market rents

  • Renovating unit interiors and shared amenities

  • Enhancing curb appeal: landscaping, paint, signage

  • Implementing utility bill-back programs (RUBS)

  • Adding new income streams: laundry rooms, carports, pet areas

We invest in the experience of the residents, because we believe great places to live create long-term value for everyone involved.

Belora Equity Partners brings a values-aligned, data-informed, and community-driven approach to multifamily investing. We welcome the opportunity to connect—whether you’re actively considering a sale or just starting the conversation.

Who We Serve

Belora targets workforce and middle-income housing—segments that consistently show resilience and demand. Our focus is on communities that provide affordability, accessibility, and dignity to renters.

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  • Young Professionals & Families: Aged 25–45, seeking well-maintained and cost-efficient housing

  • Working-Class Renters: Earning $40,000–$75,000 annually

  • Affordability Ratio: Properties where rent is at or below 30% of local median income

  • Retirees Downsizing: Seniors looking for maintenance-free multifamily living

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