Multifamily
Our Milestones
Up Plex is an experienced real estate investment team specializing in commercial real estate and apartment syndications. Active since 2006, we have focused on acquiring, managing, and scaling profitable assets across key markets, ensuring consistent returns for our investors. With a $300M portfolio under management and over 3,000 doors across 4 markets (TX, TN, KY, NC), we leverage decades of expertise to deliver exceptional results. Our proven strategies prioritize risk mitigation and value creation, enabling our investors to benefit from strong, stable returns.
Location: Columbus, OH
Units: 194
Year build: 1971
Location: Winston Salem, NC
Units: 336
Year build: 1960
Increase NOI by stabilizing NOI. Classic unit renovation and increased amenities
Location: Columbus, OH
Property type: MF
# Units: 194
Year build: 1971
Going in CAP rate: 7.26%
Rehab Budget: 1.3M
CoC: 7.70%
IRR: 23.50%
EM: 2.15
Workhouse housing. NOI stabilization by completing deferred maintenance and lender-required repairs. Increase of rents to market rate.
Location: Winston Salem, NC
Property type: MF
# Units: 336
Year build: 1960
Going in CAP rate: 4%
Rehab Budget: 2.3M
CoC: 11.95%
IRR: 15.11%
EM: 2.48
Location: Dallas, TX
Units: 179
Year build: 2016
Year build: 2016
Location: Houston, TX
Units: 155
Year build: 2013 / 1973
Going in CAP rate: N/A
Class A asset, high occupancy. The business plan includes optimization of current amenities, smart technology package implementation, and rent outdoor community areas improvements.
Location: Dallas, TX
Property type: MF
# Units: 179
Year build: 2016
Going in CAP rate: N/A
Rehab Budget: 900k
CoC: 5.50%
IRR: 20%
EM: 2
Workhouse housing. NOI stabilization by completing deferred maintenance and lender-required repairs. Increase of rents to market rate.
Location: Houston, TX
Property type: MF
# Units: 155
Year build: 2013 / 1973
Going in CAP rate: N/A
Rehab Budget: 1.06M
CoC: 8.70%
IRR: 15-60%
EM: 1.8
Location: Austin, TX
Units: 138
Year build: 1978 / 1983
Location: Houston, TX
# Units: 212
Year build: 2010
Year build: 2010
Going in CAP rate: 4.30%
Rehab Budget: 1.2M
CoC: 8%
IRR:16%
EM: 1.8
Workhouse housing. NOI stabilization by completing deferred maintenance and lender-required repairs. Increase of rents to market rate. 9 fire damage units at purchase for full renovation & upgrade.
Location: Austin, TX
Property type: MF
# Units: 138
Year build: 1978 / 1983
Going in CAP rate: 4.40%
Rehab Budget: 3.2M
CoC: 8.90%
IRR: 15-60%
EM: 1.8
Class A asset, high occupancy. The business plan includes optimization of current amenities, smart technology package implementation, and rent outdoor community areas improvements.
Location: Houston, TX
Property type: MF
# Units: 212
Year build: 2010
Going in CAP rate: 4.30%
Rehab Budget: 1.2M
CoC: 8%
IRR:16%
EM: 1.8
Sponsors / General Partners
Location: Lexington, KY & Winston Salem, NC (5 Properties)
Units: 670
Year acquired: 2022
Location: Morganton, NC
Property type: SS
# Units: 84
Year acquired: 2021
Workhouse housing. NOI stabilization by completing deferred maintenance and lender-required repairs. Increase of rents to market rate.
Location: Houston, TX
Property type: MF
# Units: 192
Year build: 1984
Going in CAP rate: 5.50%
Rehab Budget: N/A
CoC: 8%
IRR: 16%
EM: 2
Location: Duncanville, TX
Units: 200
Year build: 1970
High occupancy, long-term residents. The business plan included external improvements, improve curb appeal, and amenity additions.
Location: Pittsburg, PA
Property type: MF
# Units: 23
Year build: 1881
Going in CAP rate: 4%
CoC: 7.70%
IRR: 36.06%
EM: 1.87
Convert from 100 Motel Rooms to 65 Units. Complete conversion within 12 months. Lease up to be completed, RUBS implementation. Refinance at 2 and 4 years of holding.
Location: Sierra Mesa, AZ
Property type: MF
# Units: 65
Year build: 1972 / 2021
Going in CAP rate: N/A
Rehab Budget: N/A
CoC: 8%
IRR: 17.90%
EM: 2.34
Workhouse housing. NOI stabilization by adding a dog park, soccer park, and other community amenities. The business plan also includes upgrades on classic units.
Location: Duncanville, TX
Property type: MF
# Units: 200
Year build: 1970
Going in CAP rate: 3.70%
Rehab Budget: 1.3M
CoC: 8%
IRR: 15%
EM: 1.9
Location: Uvalde, TX
Property type: MHP
# Lots: 26
Year acquired: 2021
Workforce housing, value add assets, located in two thriving markets. Experienced team with successful performance in those markets. Large portfolio with economies of scale and cost optimization. *(projected returns)
Location: Lexington, KY
& Winston Salem, NC (5 Properties)
Property type: MF
# Units: 670
Year acquired: 2022
CoC: 8% – 10%
IRR: 13% – 16%
EM: 2.5 – 3.0
Location: Longview, TX
Property type: SS
# Units: 134
Year acquired: 2022
Location: Yantis, TX
Property type: MHP
# Lots: 32
Year acquired: 2022
Location: Edinburg, TX
Property type: MHP
# Lots: 286
Year acquired: 2023
Location: 2604 Furrs St, Arlington, TX, 76006
Year acquired: 2022
No. of Units: 168Year Build: 1979
Property Type: MULTIFAMILY
Going in Cap Rate: 5.28%
Rehab Budget: $1,500,000
CoC: 5%
IRR: 15%
Location: 1500 S Jupiter Rd, Allen, TX 75002
Year acquired: 2022
No. of Units: 202
Year Build: 1986
Property Type: MULTIFAMILY
Going in Cap Rate: 4.50%
Rehab Budget: $2,250,000
CoC: 6.34%
IRR: 15.93%
EM: 2x +
Location: 920 Westcott St, Houston, TX 77007
Year acquired: 2022
No. of Units: 297
Year Build: 2016
Property Type: MULTIFAMILY
Going in Cap Rate: 4.00%
Rehab Budget: $1,485,000.00
CoC: 7-9%
IRR: 14.34%
EM: 1.8 - 2x