What we pursue

Acquisition Criteria

The for-sale properties, ownership transitions, and value-creation situations that fit Haskins Real Estate Development LLC.

01

Multifamily & apartments

Stabilized, lightly value-add, or distressed apartment communities and smaller multifamily assets offered for sale or structured acquisition. Priority includes 20–50+ unit opportunities, but a property does not need to be distressed or require redevelopment.

02

Derelict & vacant buildings

Boarded, code-challenged, fire-damaged, obsolete, underused, land-bank, and long-vacant structures with a credible legal and physical path back to service.

03

Foreclosure & REO

Lender-owned, tax-sale, receivership, court-supervised, distressed-note, and foreclosure opportunities where title, possession, condition, and redemption risk can be resolved.

04

Stalled redevelopment

Partially completed projects, incomplete conversions, and properties where the owner, sponsor, or contractor ran out of capital, time, operating capacity, or stakeholder support.

05

Commercial & mixed-use

Office, retail, hospitality, institutional, warehouse, neighborhood commercial, and mixed-use buildings suitable for rehabilitation, repositioning, or residential conversion.

06

Operational turnaround

Occupied properties with deferred maintenance, high vacancy, poor collections, weak expense control, management problems, or an ownership transition that can be corrected.

Required fit

  • Selected Virginia or Missouri market with identifiable demand
  • Seller, lender, public owner, or broker authorized to transact
  • Enough access and time to complete meaningful diligence
  • Purchase basis and total cost supported by realistic stabilized performance
  • Clear operating plan and, where applicable, an improvement, rehabilitation, conversion, or redevelopment scope and approval path
  • Identifiable funding plan with backup sources and contingency
  • Property-level exit or long-term hold strategy

Immediate caution flags

  • Unknown title, ownership, liens, redemption, or possession rights
  • Environmental or structural risk without adequate investigation
  • Seller price based only on unsupported future value
  • Funding dependent on one unverified grant or investor
  • Work already started in a manner that may disqualify public funding
  • Compressed closing with no protection for zoning, code, or financing
  • Project economics requiring guaranteed refinance, subsidy, or fee