Eastfield Plaza is a 216-unit value-add Class C apartment complex located in Mesquite, Dallas County, Texas. The property is undermanaged with current rents being on average $100 below market. Tenants are not charged for cable, water, trash, gas or pest control, which provides an additional opportunity to increase revenues. The DFW metro area is undergoing strong effective rental growth of 7.7% as of Q3 2016.
Bent Tree Apartments is a well-established apartment community in the high-demand San Antonio Medical Center district. With a strong regional economy and growing demand for quality apartment living, Bent Tree had excellent value-add opportunities to increase both rental and resale value.
Diamond Loch Apartments is a 138-unit Class B property located in the expanding Dallas-Fort Worth MSA. Dallas has one of the highest job growth rates in the country. The asset is tucked between the Iron Horse Golf Course and the Diamond Oaks Country Club.
Timber Oaks Apartments is a Class A property and was the newest residential apartment complex in Midlothian at the time of acquisition. Located in a bedroom community just 20 minutes south of Dallas, the property offers luxurious amenities but rents were well below market value, providing an opportunity for excellent profit growth.
Blair’s Cove Apartments was the ideal value-add opportunity for investors seeking both robust cash-on-cash return and capital appreciation. It is a well-established property in a fast-growing market experiencing strong occupancy and rental growth.
The Lubbock Portfolio consists of three superbly located apartment complexes within the Hospital District, on the upscale, west side of Lubbock, Despite extensive renovations, upon acquisition the rents were still below market value, providing the opportunity to increase rental income with minimal effort.
Copper Mill Apartments is located in a Houston sub-market experiencing robust occupancy and rental growth. Modest interior upgrades yielded strong upsides of $75 in rental price.
Tree House Apartments offered an attractive investment opportunity with a high-growth location, a leading share of the rental market, and strong upside income potential with the implementation of minor upgrades.
La Sierra Apartments in New Braunfels, TX is a Class A property with high-occupancy rates and new construction appeal. It had a solid operational cash flow with strong upside market value.
Carrington Place Apartments is a Class A, 172-unit apartment complex. With high curb appeal and luxury amenities, Carrington Place offers generous cash flow and excellent resale value.