Unit Count: 693
127 UNITS ($17MM)
This beautiful property is located near major employers in the booming Dallas market.
The opportunity is to acquire this 127-unit apartment complex and raise rents to market rates by renovating all 127 classic units, convert 31 1/1 units to 2/21, and add amenities. The renovation timeline is 2 years, with a total hold period of 3-5 years.
HARMONY PLAZA 170 UNITS (19.5MM)
This is a solid value-add play in booming Atlanta, GA! With 170 units, 8 of which were down at purchase, there is tremendous opportunity in renovating units, putting in professional management, and bringing rents to market rates.
Always looking to add value to the lives of tenants as well as investors, we will be installing a dog park, playground, and grilling area. All this is in addition to new paint and landscaping that will reinvigorate pride for our tenants.
CORAL GABLES 24 Units ($3.7MM)
This 24-unit B-class property is located in the growing Ocala, FL.
The previous owner took good care of these townhomes and did some upgrades, but failed to raise rents to keep up with market rates.
The plan on this joint venture deal is simple, hold long-term while professionalizing management, standardizing interior finishes, and raising rents to market level.
136 UNITS ($18MM)
We are converting this beautiful 136-unit property from student housing to attractively priced apartments with resort-style amenities on the site. This will help to fill the gap in supply for upscale, larger units appealing to families and young professionals.
236 UNITS ($32.3MM)
Park Valley Apartments is in a popular east suburban Atlanta with easy access to key employment centers.
Built in 1971, Park Valley comes flush with capital improvements and attractive, assumable debt at 3.5% with 9 years left on the term and 17 months of interest-only payments.
It has a favorable unit mix, on-trend amenities, and opportunities to increase revenue through operational efficiencies.