Asset Portfolio
browse our portfolio of commercial real estate assets and review their performance
Asset Portfolio
browse our portfolio of commercial real estate assets and review their performance
LPs / Limited Partners
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
LPs / Limited Partners
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
LPs / Limited Partners
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
LPs / Limited Partners
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
LPs / Limited Partners
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
LPs / Limited Partners
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
LPs / Limited Partners
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
LPs / Limited Partners
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
LPs / Limited Partners
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
LPs / Limited Partners
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
LPs / Limited Partners
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
LPs / Limited Partners
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
LPs / Limited Partners
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
LPs / Limited Partners
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
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