Investments
Acquisitions
The founding principals of Horizon Realty Advisors built the company with the benefit of 60 combined years in property management experience. This “know how” of operations has been instrumental in identifying and underwriting superior real estate opportunities and key to executing the proforma at which the asset was acquired. New markets are only entered when the asset is large enough such that Horizon can allocate the appropriate corporate resources as well as attract the best site management in the market.
Acquisition Criteria
Student Housing
10,000+ enrollment$15 million + asset
500 beds +
Public Universities
Division 1 athletics
Close proximity to campus
8% cash on cash yield
Value add, stabilized, core
Conventional Multifamily
$15 million + asset200 units in new markets
100 units in existing markets
Emphasis on barrier to adding supply markets
6% cash on cash yield
Washington, Oregon, Utah, California, Nevada, North Carolina, Idaho
Value add, stabilized, core
Investor Criteria
Under the Securities Act of 1933, a company that offers or sells its securities must register the securities with the SEC or find an exemption from the registration requirements. The Act provides companies with a number of exemptions. For some of the exemptions, such as rules 505 and 506 of Regulation D, a company may sell its securities to what are known as "accredited investors."
The federal securities laws define the term accredited investor in Rule 501 of Regulation D as:
1. a bank, insurance company, registered investment company, business development company, or small business investment company;2. an employee benefit plan, within the meaning of the Employee Retirement Income Security Act, if a bank, insurance company, or registered investment adviser makes the investment decisions, or if the plan has total assets in excess of $5 million;
3. a charitable organization, corporation, or partnership with assets exceeding $5 million;
4. a director, executive officer, or general partner of the company selling the securities;
5. a business in which all the equity owners are accredited investors;
6. a natural person who has individual net worth, or joint net worth with the person’s spouse, that exceeds $1 million at the time of the purchase;
7. a natural person with income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year; or
8. a trust with assets in excess of $5 million, not formed to acquire the securities offered, whose purchases a sophisticated person makes.
For more information about the SEC’s registration requirements and common exemptions, read our brochure, Q&A: Small Business & the SEC.
http://www.sec.gov/answers/accred.htm
Recently Acquired
The Riviera Apartments
February 11, 2011
Provo, UT.
The Zone Apartments
September 01, 2010
San Marcos, TX.
University Courtyard Apartments
August 22, 2011
Denton, TX.