Acquisition Criteria

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: $10 million minimum
  • Hotel: 150 key+
  • Multi-family: 100 units+
  • Industrial: 50,000 SF+ distribution/industrial
  • Will acquire loans secured by these assets
  • Prefers Class B and C products
  • Project Status: Strategy of rebranding, renovation or significant deferred maintenance

Typical Offer

 

 

 

  • All cash

  • 21 to 30 day due diligence

  • 5 to 15 day close

 

 

What We Are Looking For?

  • Hawaii Assets
  • PP 50%-70% of replacement cost
  • Value-add, Distressed, REO, Special-serviced 
  • Negative cash flow, vacancies okay 
  • Note sales, sub and non-performing debt
  • Rehab/retrofit necessary
  • Rebranding necessary
  • Capital structure needs Tower infusion

Why Bring Transactions to Tower Companies?

 

  • We protect procuring brokers and pride ourselves on our goal of life-long brokerage relationships
  • All cash offers
  • Tower provides construction to add-value
  • All underwriting done in-house
  • Will assume or buy existing debt
  • Short-term hold; fees on front and backend
  • We creatively solve complex problems

           Current Projects             Case Studies

 

 

 

  • Grand Naniloa Resort, a DoubleTree by Hilton
  • Waiakea Villas Apartments
  • Ke Kailani 33 Luxury Homes Development