We believe in quality design, management that is based on proven processes and long-term value for tenants and investors alike.
OUR PORTFOLIO
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THE LANDINGS AT NORTH INGLE
The Landings at North Ingle is a 140 unit B+ multifamily asset. Previous management had only poorly renovated a few units not maximizing on rents. We started the value add immediately and worked on improving expenses by billing back utilities.
Achieved up to $350 premiums on renovated units
On target for 17% IRR -
LAKESIDE & LAKEVIEW
This 216-unit was not being maximized as the renovations were being performed at substandard quality and loss-to-lease was not being captured. Since our purchase, we are making significant investments in unit upgrades with high end design, improved and are adding new amenities, and providing more consistent, high- quality customer service to the residents. This asset has exceeded underwriting expectations and is executing 2-3 years ahead of model on it’s LTL after only a short period.
Outperforming rent targets by 20%
On target for 15%+ CoC by 24 months -
CLAXTON POINTE & PECAN RIDGE
This 202-unit townhome-style complex was a poorly ran asset in a high-demand market. Since our purchase, we have introduced new management and maintenance staff, with new operational excellence standards. We have also made significant investments in quality design and unit upgrades, with new and improved amenities for families providing a much nicer and safer place to live. This asset has exceeded underwriting expectations and is executing 2-3 years ahead of the model with LTL.
Outperforming rent targets by 25%
On target for 15%+ CoC by 24 months -
THE LAMAR
The Lamar is a Class A loft asset in Macon, Georgia. We purchased the asset at a 15% discount to market, implemented professional management, added amenities, and are improving the design aesthetic of the units. The asset required creative financing to meet the sellers needs which added immediate equity at closing in addition to the value-add work.
Returned 8% from day 1
Achieved above cash on cash returns in only 1 year
150% value creation on equity at purchase, 200% first year -
PARK PLACE
Park Place is a unique boutique like multifamily garden style asset located in Lake Park, Florida. We purchased this asset from an out of state owner and improved management and fully remodeled both the interior and the exterior of the property which led to $500 rent premiums per month per unit.
Outperforming rents by 30%
Achieved 2.5X equity in 2.5 year