Tower Development, Inc. carefully evaluates each property purchased for the portfolio. Our rigorous acquisitions process helps ensure that we purchase high-quality properties that meet investment objectives. Before acquiring a property, Tower performs a stringent and highly detailed review considering the following:

Acquisition Criteria

  • Price: $2.5 million minimum
  • Hotel: 150 key+, coastal preferred
  • Multi-family: 100 units+
  • Office: 75,000 SF+, Tier I & II markets
  • Industrial: 100,000 SF+ preferred, distribution or light industrial multi-tenant product
  • Land: Case by case basis
  • Will acquire loans secured by these assets

Typical Offer

  • All cash
  • 21 to 30 day due diligence
  • 5 to 15 day close

What We Are Looking For

  • 50%+ discount to replacement cost
  • Distressed, REO, special-serviced
  • Negative cash flow, vacancies okay
  • Note sales, sub and non-performing debt
  • Rehab/retrofit
  • Inadequate capital structure
  • Western half of the U.S.

Why Bring Transactions to Tower Companies?

  • All cash offers
  • All underwriting done in-house
  • Will assume or buy existing debt
  • Short-term hold; fees on front and back end
  • We creatively solve complex problems
  • We protect procuring brokers

View our Visions Executed (prior projects)