Our Properties
Reserve at Spanish Lake
This 76 Unit Apartment Complex was purchased in October of 2020 with over 90% occupancy and room to grow rents and decrease expenses through executing a detailed, value-add business plan. The property is located in an improving neighborhood of Spanish Lake, MO (a northern suburb of St. Louis, MO). The capital provided by our Limited Partners came with a double-digit Preferred Return and a 3-5 year investment horizon.
Concord Apartments
Sold 2022 - 250% ROI in 30 Months
This Joint Venture deal was purchased with only One investor/partner in October of 2019 for $1.3m and then has saw a HUGE TRANSFORMATION. In 1 year, gross rents were raised by over 25%, and expenses were reduced by over 10% by investing time and capital into the property, raising the caliber of the unit turns, updating common areas, and adding additional security measures such as lighting, security gates, and fencing. It all begins with an idea of what something can look like and then it takes detailed execution to get the job done. This property was purchased in October of 2019 and sold in August of 2022 for $2.5m and a 250% total return on capital in 34 months.
Park Hills Apartments
This 272 Unit 3-property portfolio was purchased in December of 2021 as a straight management play with almost 0 deferred maintenance. Acquired at 97% occupancy with room to grow rents and decrease expenses. The previous owners were paying for all utilities including sub-metered electric bills for all 272 Units. Simply having Tenants take over their own electric bills will add $270k directly to Year 1’s NOI which equates to $4.5M in added value at a 6-cap without investing a dollar.
Stonebridge Meadows
Closed on June 16, 2023. Originally planned as a five-year hold, we successfully executed our business plan in TWO years, exiting 10% above our projected five-year exit price.
This 70 Unit value-add asset was purchased in Spring 2021. Since the purchase, we have consistently maintained over 90% occupancy while turning over dozens of units and achieving 30-50% rent increases with each remodel. This property was purchased as a Joint Venture with two other partners.
Higdon Ferry Apartments
This 138 Unit Value-Add Apartment Complex was purchased in October of 2022. Our dynamic business plan includes passing utility costs back to the tenants (RUBS), remodeling the unit interiors, and modernizing the entire complex exterior. It was our first purchase outside of MO, in Hot Springs, AR, and will be the first of many more to come.
The Avenue Apartments
This 128-unit Value-Add Apartment Complex located IN Fayetteville, North Arkansas, was purchased and closed last June 2023, this was after following a meticulous and efficient closing process. Notably, this complex garnered significant interest from investors, as it was fully funded and even oversubscribed. This acquisition marks a significant milestone for us in 2023, representing our first successful deal of the year.
Phoenix Place
Apartments
This 100% townhome 144-unit Value-Add Apartment Complex located in Atlanta, Georgia, was purchased in November of 2023. This deal is our first one in Atlanta, one of the strongest real estate markets in the US. The property has the advantage of being located close to Hartsfield-Jackson Atlanta International Airport (the busiest airport in the world). This employment corridor is home to Chick-fil-A corporate HQ, large distribution centers, and major facilities for Costco, Coca-Cola, Family Dollar, Kellogg’s, Del Monte, Newell Rubbermaid, GE, CAT, Naturally Fresh, and Burris Logistics. The business plan focuses primarily on management changes to the asset. We plan to increase NOI by introducing professional management and B Class interior updates (new granite countertops, LVP & stainless appliances) to 60% of the units, exterior upgrades (new branding & signage, exterior paint, privacy fencing, gated entrance, security systems, lighting, package lockers and resurfaced parking lot) to attract B Class tenants and achieve above-market rents.
Boardwalk Expanded Stay - Baton Rouge
This 109 unit/key former Red Roof Inn in Baton Rouge, LA, was purchased in November of 2023. The project is structured as a Joint Venture and purchased with 1031 funds from the sale of Stonebridge Meadows. The business plan is to convert the property over to 100% Extended Stay Residents on a minimum stay of 30 days and then weekly thereafter. We feel like this is a huge opportunity to provide a flexible housing option to the workforce in a growing area, aligns perfectly with our Mission to "Add Value To Everyone We Work With" and will prove to be very profitable for the business partners. This acquisition is a "test case" for future properties that we intend to re-develop in the same way under this same business plan, and brand "Boardwalk Suites - Extended Stay" once we have proven it to be a success, we will begin bringing in investor capital and scaling the business.
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To learn how you can participate in future investment opportunities such as these, take action and schedule your meeting with our team TODAY!