To maintain its momentum as a leading developer of multifamily affordable, market-rate and student housing in California, AMCAL’s land acquisition staff is constantly in the field sourcing, vetting and purchasing suitable properties. Knowledgeable and well-connected real estate brokers help us identify properties that work with us. We value our relationships within the brokerage community and work with brokers in both on- and off-market transactions.
Generally, we purchase properties with appropriate multifamily residential zoning but we will consider sites that are not zoned if they meet our site criteria. Over the years, we have been successful at securing more complicated entitlements when required.
We usually make fee-simple purchases but we also will consider joint ventures with landowners and long-term ground leases.
Affordable Housing Site Criteria:
- Northern and Southern California urban infill districts
- Appropriate zoning
- At least one acre and up to 10 acres
- Accommodate a minimum of 80 apartments
- Infill neighborhood, ideally near transit, jobs and walkable to shopping and services
- Transit Oriented Development (TOD) is highly sought
The AMCAL Advantage: AMCAL Equity, LLC, can close escrows quickly and efficiently often without outside partners.
AMCAL has the ability to close deals on land without any financial partners and/or all of our land and entitlement pursuit costs are funded by AMCAL and not financial partners.