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…
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.
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…
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…
The Manor ApartmentsAustin, Texas The Manor Apartments is an under-managed 249 unit apartment complex located just northeast of downtown Austin. It was built in two phases and has two contiguous undeveloped land parcels totaling 4.3 acres. The property is 97% occupied and has been owned and managed by the same company since 1999. There is significant upside to capitalize…
Before & AfterWoodside VillageReno, Nevada Woodside Village Apartments is a 250-unit apartment complex that is comprised of 31 one-and two-story buildings totaling 201,880 square feet. Built in 1977 by AG Spanos, there are six different floor plans including 120 1BR/1BA units, 72 2BR/1BA units, 40 2BR/2BA units, and 18 3BR/2BA units. Onsite amenities at the property are a resident…
Park at IdlewildReno, Nevada Park at Idlewild is a 113-unit apartment complex that is comprised of 11 two-story buildings totaling 98,747 square feet. Built in 1973, the property has 14% 1 bed/1 bath units, 65% 2 bed / 1bath units and 21% 3 bed/2 bath units. It is a conventional two-story garden-style apartment complex with stacked units…
