Chapter 04Acquisition Criteria
What we buy.
Our Investment Focus: Class C multifamily properties with acquisition prices under $150,000 per door, identifiable value-add opportunities, and a targeted 2–5-year investment horizon.
We know what we want.
Storyline Properties focuses on value-add residential and commercial real estate in Arizona. We target Class C assets with clear upside — properties that have been underloved, undermanaged, or simply overlooked. Our hold period is measured in years, not months, and our capital is patient enough to see a repositioning through.
Residential
Asset ClassesSingle-family residences, small multifamily (2–12 units)
Asset QualityClass C — value-add, deferred maintenance, or management-intensive
Price Per DoorUnder $150,000 per unit
Hold Period2–5 years
GeographyArizona — primary and secondary markets
StrategyAcquire, renovate, stabilize, and hold or exit at improved basis
Preferred SourcesOff-market, direct seller, estate situations, broker relationships
Commercial
Asset ClassesRetail, office, industrial, mixed-use
Asset QualityClass C — repositioning, lease-up, or operational upside
Price Per DoorUnder $150,000 per unit or equivalent basis
Hold Period2–5 years
GeographyArizona — primary and secondary markets
StrategyReposition, re-tenant, or improve operations to stabilized value
Preferred SourcesOff-market, direct owner, broker relationships
What we don't buy.
Ground-up development or speculative construction
Properties outside Arizona
Luxury or Class A assets
Deals requiring institutional equity or syndication
Short-term flips with no hold thesis
Have something that fits?
We respond to every submission. If your property matches our criteria, you'll hear from a principal — not an assistant.