PASSIVE INVESTMENT OPPORTUNITY WEBINAR

ESTRELLA APARTMENTS

TREMENDOUS OPPORTUNITY TO OWN REAL ESTATE
IN DALLAS, TX

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Accredited Investors

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Investor Package with Offer Memorandum available after registration

7%

Preferred Return

8-10%

Cash on Cash

18%

IRR

3.2x

Equity Multiple

ESTRELLA APARTMENTS

232 UNITS

BELOW MARKET VALUE

FASTEST GROWTH IN USA

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.

Deal Info

  • Current Occupancy: 87.5%
  • Units: 232
  • Purchase Price: $26,500,000
  • CapEx: $5,600,000
  • Current Rents $1,073  
  • Projected Rents: $1,164 
  • Projected Utilities Bill-Back: $76 per unit
  • Targeted Hold Period: 10 Years
Estrella Apartments
Estrella Apartments

Business Plan

Estrella Apartments, primed for upgrades, was purchased below market value. Value will increase through renovation, professional management, and increasing income through bill-back of utility and addition of solar.

However, strong returns will be created with or without unit renovation.

  • The project projects creating 18%+ IRR for investors simply based on RUBs and utilities bill-back. Plus, we’re able to increase this return through renovating select units, which further increases our returns for Estrella.
  • This creates a strong multi-prong approach to creating ROI for investors, while reducing project risk and creating multiple exit options.

We project refinancing the property in year 3, returning 100% of investors capital and holding the project for long term cash flow, creating near infinite returns moving forward.

Dallas Fort Worth Airport

Nation's 4th Largest Metro Area

Dallas-Fort Worth has gained more new residents than any metropolitan area in the country, adding more than 1 million people in an eight-year period.

 

Tech Growth

High-Tech Job Growth

According to a Dallas Regional Chamber analysis of jobs data, between 2017 and 2020, DFW added more than 10,000 high-tech jobs.  Dallas recently landed second on CompTIA’s Tech Town Index 2020 for tech job openings, surpassing San Francisco.

 

Dallas Downtown

High Quality Life

With a median IT salary of $94,044, plenty of live music and professional sports teams, tech professionals are finding opportunities and a higher quality of life in Dallas.  DFW is increasingly becoming a hotspot for millenials and currently make up about 30 percent of North Texas.

 

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POST RENOVATION

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