This new fund is run by experienced players and will do deals from $3MM and up for opportunistic income properties. They can do deals anywhere but have a preference for west of Mississippi. The group is focused on non-coastal areas where they believe returns are better (going in cashflow is important to them) and will not shy away from secondary/tertiary markets and C+ assets. They have the ability to close all cash and back fill debt later. They will go out as long as 7 years but will also do short term deals.