Casas Adobes, 204 Units
The property was acquired in the Summer of 2016 and is currently undergoing a significant rehab. Just a few of the many projects include roofs, full exterior paint, carpentry, landscaping, retaining walls, the addition of a pet park and expanded parking. Interior modifications include the correction of functionally obsolescent washer/dryer connections, flooring, appliances and lighting/plumbing […]
Sunflower Apartments, 144 Units
This 144-unit B Class community was purchased in the fall of 2015 and represented the Company’s first acquisition in Arizona. Significant rehab included limited access gates, a complete clubhouse overhaul and, among many other projects, the installation of property-wide WiFi. Interior improvements include all new flooring, appliances, lighting and plumbing packages.
Parc Towne Plaza, 160 units
This 160-unit property was acquired in the fall of 2014 and underwent a quality rehab. The seller had done a partial rehab and the partnership finished what had been started. Roofs, aluminum wiring remediation, all new Energy Star rated windows and significant interior upgrades were just a few of the items completed.
Pebble Creek, 136 Units
The property was purchased in the fall of 2012 and underwent a moderate exterior rehab. Limited access gates, Hardie® siding and exterior paint, as well as all new boilers were just a few of the upgrades.
The Trails at Bethabara, 172 Units
This Winston-Salem, NC property was purchased in 2011 and underwent a significant rehab that included all new Hardie® siding, all new Energy Star rated windows, interior upgrades, clubhouse remodel, open space creation and significant landscaping improvements. The asset was stabilized quickly and a supplemental loan was placed in the spring of 2016 that allowed the partnership […]
Patriot Place, 168 Units
Patriot Place was acquired in the spring of 2009 and converted from a conventional to a student housing community. Situated immediately adjacent to a private 4-year University, the property now enjoys a stable student profile. In addition, a moderate rehab was performed with all new roofs, windows, and HVAC systems in addition to a free […]
Tranquility Lake, 90 Units
90 out of 156 units, Webster, TX. This waterfront, fractured condo deal was purchased from an Institutional Owner in December of 2005 with an immediate retail selloff plan. Holding the majority vote in the HOA, we were able to rehab the exteriors and convert the asset from a blended rental community to an ownership one. […]
Meadows on Memorial, 96 Units
This fractured townhome property was acquired from an Institutional Owner in late 2005. Most of the market simply could not understand how to extract value on a series of 4-plexes (24 out of 32) with a dysfunctional HOA. If viewed as a 96-unit, the cash flow was anemic and the problem of a fractured community […]
Bay Meadows, 122 Units
The property was acquired in 2003, and underwent significant rehab including all new roofs, Hardie® siding, paint, landscaping and more. Interior upgrades such as new appliances, lighting and plumbing fixtures and faux wood flooring are being added in an effort to position the asset for long-term cash flow. The property was refinanced in 2013 and continues […]
