We buy institutional-quality multifamily. Fast, rigorous, decisive.
Capital Scope partners with LP's to acquire value-add apartment communities in growth markets. We underwrite deeply, communicate clearly, and close with conviction.
Buying Criteria
We target durable cash flow with clear operational and renovation upside. Heavy structural distress is generally outside mandate.
Asset Type
- Multifamily — garden, mid-rise, select high-rise
- Stabilized to light-transitional
- Clear value-add levers: renos, LTL capture, RUBS, other income
Scale & Quality
- 50–300+ units; strong bones preferred
- Low-crime submarkets; neighborhood stability
- Supportive incomes; resilient demand drivers
Deal Profile
- Operational improvement & expense right-sizing
- Other income adds (parking, storage, pets)
- Predictable tax & insurance regimes
Target Markets
States with growing or stabilizing multifamily, incl. smaller areas within 20–30 miles of major cities:
- Alabama
- Arizona
- Arkansas
- Florida (south of Orlando)
- Georgia
- Idaho
- Indiana
- Iowa (DSM area)
- Kansas
- Kentucky
- Louisiana
- Mississippi
- Missouri
- Montana
- Nebraska
- North Carolina
- North Dakota
- Ohio
- Oklahoma (OKC area)
- South Carolina
- South Dakota
- Tennessee (excluding Memphis)
- Texas
- Utah
- Virginia
- West Virginia
- Wisconsin
- Wyoming
Market Focus
Business-friendly, pro-growth markets with healthy demographics and limited over-building.
Primary States
- Texas — major metros & premium submarkets
- Florida (South of Orlando) — Miami-Dade, Broward, Palm Beach, SW FL
- Tennessee — major metros, low-crime pockets
- Kentucky — Louisville/Lexington select areas
- Oklahoma City Metro
- Iowa — Des Moines & growth corridors
- Wisconsin — Milwaukee/Madison select submarkets
Submarket Requirements
- Low crime and neighborhood stability
- Healthy population & household growth
- Diverse employment base and income support
- Pro-landlord policies; predictable taxes/insurance
LP’s — Integrated Buy Box
Core Filters
- Value-add multifamily with clear upside
- Premium / low-crime submarkets
- Target markets focus (see list above)
- Programmatic pace; consistent pipeline review
Underwriting Always Includes
- QOZ — tract ID & zone type
- Crime & Safety — Total / Violent / Property indices
- Market Context — population & demand snapshot
- Diligence Focus — key risks & red flags
- Next Steps — docs and modeling actions
Our Underwriting
Deep, decisive, document-driven. We price each opportunity on its unique, risk-adjusted merits—no pre-published offer %.
Financials
- T-12 normalization; taxes/insurance reset
- Stabilized NOI & cap-rate band valuation
- Debt & DSCR scenarios (agency, bank, bridge)
Business Plan
- Unit scopes & rent premiums
- Other income adds; OpEx optimization
- 5-yr returns: IRR, CoC, Equity Multiple
Risk Controls
- Crime micro-pockets, code issues, supply pipeline
- Insurance & tax reassessment; flood & zoning
- Clear go/no-go criteria and milestones
Submit a Deal
What to Send
- OM (if available), site plan & photos
- T-12 & Current Rent Roll (unit mix/SF, concessions)
- Recent tax bills & insurance declarations
- Utility summaries (water/sewer/electric/gas), RUBS status
- Capex ledger (24–36 months) and any active projects
Send It Here
Acquisitions Team — Capital Scope LLC
Contact: Corporate@CapitalScopeLLC.com
We’ll acknowledge receipt and schedule a quick call if the fit is strong.