Acquisitions
We buy buildings
we intend to keep.
Citicore buys multifamily, mixed-use and small commercial property for its own long-term portfolio. You deal directly with the people who make the decision.
Acquisition Criteria
What we buy
These are guidelines, not hard limits. If a property doesn't fit neatly, send it anyway.
- Asset types
- Multifamily from two-family homes up to larger apartment buildings. Also mixed-use and small commercial.
- Geography
- Massachusetts and southern New Hampshire, with a focus on Boston, the North Shore and Cape Cod. Good deals elsewhere are always considered.
- Condition
- Well-kept buildings and ones that need updating. Condition affects price, not whether we'll look.
- Occupancy
- Occupied or vacant. We keep existing leases in place and treat residents with respect.
- Hold
- Long-term ownership with in-house management. We are not assembling properties to flip.
- Sources
- Direct from owners, through brokers, and from estates, attorneys and lenders. Off-market preferred, listed deals welcome.
Process
How a deal works
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Step 1
Send the basics
An address and a way to reach you is enough to start. Share more when you're ready.
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Step 2
We review and call
We look at the numbers and the neighborhood, then call you. If it isn't a fit, we tell you plainly.
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Step 3
Written offer
After a walkthrough, we put clear terms in writing. We don't make it contingent on things we could have checked first.
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Step 4
Close
Attorneys handle the closing, and we work around your timeline. We hold to the price we agreed.
Helpful, not required
What to send
The more we have, the faster and more accurate our answer. None of it is needed to start.
- 01Rent roll with lease end dates
- 02Last 12 months of income and expenses
- 03Utilities and who pays them
- 04Recent work: roof, heating, electrical, windows
- 05Photos, if you have them
For Brokers
Bring us the deal. We won't go around you.
We run a brokerage ourselves, Grove Property Group, so we know what a commission is worth. We treat your deal the way we'd want ours treated.
- Commissions confirmed in writing before we engage with your client.
- No direct contact with your seller unless you ask us to.
- A straight answer, fast, so you're never left waiting on a maybe.
- NDAs signed on request.
Track Record
Buildings we've owned and improved
Questions
Common questions
Is my information kept confidential?+
Yes. Submissions go only to our acquisitions team. We don't share them and we don't contact tenants without your approval.
Do you buy buildings with tenants in place?+
Yes. Most of what we buy is occupied. Existing leases carry over and our in-house team takes over management at closing.
Do I need a broker to sell to you?+
No. Many owners come to us directly. If you already have a broker, we're glad to work through them.
What if my property is outside your main markets?+
Send it. Boston, the North Shore and Cape Cod are where we're most active, but we look at good buildings wherever they are.
Can the closing date work around my plans?+
Usually, yes. Tell us what you need, whether that's a quick close or more time, and we'll build the offer around it.
Deal Submission
Have an off-market asset? Send it directly.
Submissions go straight to our acquisitions team. Share what you have; a rent roll and operating statement help us give you a real answer.
- Step 1Submit the address and basic details
- Step 2We review it and call you back
- Step 3Clear offer, clean terms, simple close