Description

This fantastic, value-add opportunity consists of 232 units, primed for upgrades. Purchased well-below market value, we plan to increase value through renovation, professional management, and increasing income through utility bill-back using solar. 24 units are freshly renovated, which allow us to test increased rents prior to purchasing. Increasing our confidence & decreasing our risk for the value-add strategy. Located in the Dallas-Fort Worth area which has gained more new residents than any metropolitan area in the country, adding more than 1 million people in an eight-year period.

Project Details:

Project Sources: $33,307,118
Project Timeline:
10 Years
Projected Returns:
7% preferred return yearly
Projected Equity Multiple:
3.2x
Location:
Dallas, TX
Strategy:
Value-Add Equity Growth
Status:
Owned

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