Recent Projects
Successful Value-Add Multi-Family Real Estate Projects
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Mira Vista Ranch Apartments

Located in Lewisville, Texas, this 304-unit apartment building was an attractive investment property because regional rental growth averaged 11.3% and new business development within 10 miles of the property will bring approximately 20,000 new jobs to the area, driving demand.

The investment projections include an average annual return of 8.7% and a 22%return when including the value of the property. With a Cap rate of 5.1% and an estimated internal rate of return of 18%, investors will see significant market appreciation through strategic improvements, as well as positive cash flow during renovations.

To achieve anticipated returns, we upgraded all of the 304 units to raise rental rates and eliminate operational inefficiencies to increase profitability during the re-branding process.

Final Result: We matched projected returns for investors.

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Las Brisas Apartments

Las, Brisas, located in the Dallas Metro area, is a 244 unit of one and two-bedroom apartments, was a successful value-add renovation. With area rent growth of 7.2% in 2017 and a portfolio of nearby properties, we were able to achieve positive cash flow immediately. Combining property management services with a nearby sister property also drove down operating costs. Property appreciation for this 1979 apartment complex came by modernizing the interior of the units and adding improvements to common areas. We achieved additional revenues by adding carports, which tenants can rent.

We anticipate investors will average a 9% annual return and expect to achieve an overall 22% return after the five-year holding period. Attractive debt financing and the right location will provide an anticipated internal rate of return of 18%.

Final Result: Project currently meeting projections.

Parque
Parque Del Sol Apartment Homes

With the opportunity to purchase Parque Del Sol for 26% below market value, we were able to convert this 200-unit complex of one, two, and three-bedroom apartments, in Garland Texas, into a successful value-add investment. Previously run by an individual owner, we optimized management and successfully reduced costs to increase profits almost immediately. Built in 1981, only 20% of the units received upgrades before we took over, giving us the opportunity to force appreciation and increase rents as we completed renovations.

Located in a Dallas suburb, the area is achieving an average of 6.7% rent growth. Projected returns include a 9.76 average annual return as well as an internal rate of return of 18.43%.

Final Result: Provided investors with a 10% annual return without including the value of the asset. Turned around the property within 15 months for an overall 52% return on capital for investors when considering the profits from the refinance.

Midtown Crossing

If you are looking for head-turning style in an extraordinary location then Midtown Crossing Apartments is the perfect place to call home. We offer newly renovated one and two bedroom apartment homes with fully-equipped kitchens that include stainless steel appliances as well as spacious closets, washer/dryer connections and a whole lot more! Come and enjoy many of our amenities like our sparkling swimming pool with a spacious sundeck or invited your friends to the outdoor amenity area that includes a grill and pergola, all designed with you in mind. Midtown Crossing Apartments is located in Fort Worth, Texas within minutes to I-30, Waterchase Golf Club, AMC Eastchase 9, Super Target, and is south of DFW Airport. We make living easy, but do not take our word for it come by the leasing office today and see why our residents love calling us home.

Lake Highlands Landing

Beautifully landscaped grounds surround the quiet community of Lake Highlands Landing. Located on Forest Lane just off I-635 in Dallas, Texas, our community offers you an easy, convenient, and comfortable way to live green. Choose from any of our spacious one and two bedroom homes that feature a variety of designs sure to meet your specific lifestyle. Come home to a community that's yours, you've earned it!

Chestnut Ridge Apartments

The new standard of living starts at Chestnut Ridge! Situated in Fort Worth, Texas, our community places affordable, convenient living within easy reach. Schools, shopping centers, dining and entertainment options are a short distance from home!

At Chestnut Ridge, our selection of one and two bedroom apartment homes provides something for everyone. Our spacious floor plans provide both generous and comfortable living and boast a balcony or patio, pantry, all electric kitchen, dishwasher, refrigerator, microwave, breakfast bar, vinyl plank, ceiling fans, walk-in closets, mini blinds, central air conditioning and heating, wood burning fireplace, washer and dryer, and more!

Chestnut Ridge caters to your needs inside and outside of your apartment home with our community amenities. Enjoy a refreshing dip in our shimmering swimming pool, beautiful landscaping, business center, clubhouse with a pool table, covered and guest parking, easy access to shopping and freeways, gated access, on-call and on-site maintenance, picnic area with barbecue, video library, pet waste stations, bark park and leasing center treats - it's all here for you! Enhance your quality of life and find your new home at Chestnut Ridge. We love all of your furry friends so be sure to bring them along, however ask about our pet policy as some breed and size restrictions may apply. Stop by, or call to schedule a tour of our community and see why our residents call Chestnut Ridge their home!

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