The Brighton, Dallas Fort Worth
410 unit apartment complex in highly desirable Richardson submarket. The previous owner invested significant equity in the preservation of the exterior of the asset which presents opportunity to perform value add rehab of all unit interiors to achieve a forecast increase in rent of $138 per unit over a two year period.
The Apex, Dallas Fort Worth
Opportunistic acquisition of 244 unit apartment complex in close proximity to 98Fifty allowing for cost savings through economies of scale. Significant value add opportunities via rehab of dated units to realize a projected $200 increase in rent.
98Fifty, Dallas Fort Worth
Off Market acquisition of 196 unit apartment complex at 15% below market. 100% of the units were unrenovated resulting in rents over $120 below market on average. Significant value add opportunity realized by upgrading units and raising rent to market.
Portfolio of single family rentals acquired after the Great Recession targeting positive cashflow, low cost financing and significant upside potential for equity growth.