Villas de AzulPhoenix, AZ Villas de Azul is a 301-unit apartment complex located in Central Phoenix. Built in 1972, the property was only 75% occupied and a value‐add opportunity to reposition and stabilize the property to maximize its value. The property will benefit from repositioning the asset profile by improving the current amenities, enhancing the…
Before & AfterCieloPhoenix, Arizona Cielo Apartments is a 360 unit apartment complex located on a new light rail station in the emerging “19 North” submarket of Phoenix. Built in 1981, the property is 94% occupied and well maintained for the vintage. There is significant upside to capitalize on under-market rents by implementing a repositioning and renovation strategy including,…
Cross Creek ApartmentsAustin, Texas Cross Creek Apartments is a 200 unit property that was in need of significant repairs. The property was originally planned to be redeveloped by a tax credit developer so the property was neglected and repairs were not made to the property. When the tax credit financing fell through, the owner decided…
Before & AfterChestnut ParkSan Antonio, Texas Chestnut Park Apartments is a 145 unit apartment complex located in the Castle Hills submarket of San Antonio. Built in 1979, the property is 97% occupied and well maintained for the vintage. There is significant upside to capitalize on under-market rents by implementing a repositioning and renovation strategy including, increased curb appeal, common…
Cannon Oaks ApartmentsAustin, Texas Cannon Oaks Apartments is a 230 unit apartment complex located in South Austin. The property was built in 2001 and has large units averaging 1,000 square feet with 2×2, 3×2 and 4×2 floor plans. It had been self-managed for 17 years and offers significant management and repositioning opportunities. A land use…
Sterling on 28thPhoenix, Arizona Investment Highlights: Arranged 70% LTV bridge financing at closing. Private investor capitalization structure. Below market entry point. Under market rents. Under managed opportunity.
Sofia ApartmentsSan Antonio, Texas The Sofia Apartments is a 111 unit apartment complex located adjacent to Alamo Heights in Central San Antonio. The property has been self-managed for 9 years and offers significant management and repositioning opportunities. The average unit size is 988 square feet and over 60% of the units are 2 bedroom units.…
Hawthorne CondominiumsPhoenix, Arizona Hawthorne Condominiums is 182 units in a 276 unit condominium property that is located in Central Phoenix. The property is 98% occupied and has been owned by an individual investor for 5 years. The property was not widely marketed for sale which created unrealized embedded equity from the inception. There is significant upside with new ownership…
RadiusPhoenix, Arizona Radius Apartments is a 130 unit apartment complex located in Central Phoenix at the intersection the Highway 51 and Thomas Road. The location is very accessible to all areas of Phoenix. There is significant upside to capitalize on under-market rents by implementing a repositioning and renovation strategy. The strategy will include re-branding, enhancing the property’s curb…
Edge on South CongressAustin, Texas The Edge on South Congress is a boutique 35-unit apartment community that is located in South Austin with excellent visibility from South Congress Avenue. The property is 100% occupied and has been owned and self-managed by an individual investor for 22 years. It is significantly under managed with unrealized embedded equity. There is…
