See you on Wednesday, Jun 2nd at 5PM PST
We will email you twice with your link to join, one day, and one hour before the webinar. Be sure to check your email for the link to join.
The Live Presentation Starts In:
This fantastic value-add opportunity is located in Dallas, TX and consists of 208 units in a top performing submarket.
This property has tremendous upside, as after renovations, the rents can grow up to an additional $178/unit in effective rental income.
If you’re an accredited investor, click the button below to register for our live investor webinar on Wednesday, June 2nd at 5PM Pacific to get all the details about this investment and ask any questions you may have in our live Q&A portion.
Can’t Attend? Register anyway and we will email you once the replay becomes available. But don’t wait too long, our previous deals were over-subscribed just days after the live webinar!
Targeted Equity Multiple
Take a Tour
Landlord Friendly State:
- Texas is a very pro-landlord state
- The government is providing significant assistance programs for residents who cannot pay rent.
Resilient Renter Base
- A & B Class residents with higher education and income are less impacted.
- We are focusing on ‘grey collar’ residents who typically have fewer collection issues.
- 5-mile radius population is projected to reach 433,249 by 2025
- Average household income of $108,715
- 91.09% of households within 1 mile are renter occupied while 57.92% are renter occupied within 5 miles, showing a strong demand rental units in this area.
208-Unit Community Situated in an In-Fill Location: An excellent opportunity to acquire a community with tremendous upside of +/-$178/unit in effective rental income.
Top Performing Submarket: Over the last 5 years, the Northeast Dallas submarket has recorded an average annual rent growth of 5.9%, ranking second among the Dallas-Plano-Irving MSA.
Largest Floor Plans: East Town has the largest floor plans within the competitive set, averaging nearly 860 rentable square feet per unit.
Tremendous Value Add Opportunity: Upon completion of the outlined value add strategy new ownership can capture +/-$178/unit market rate premium and earn a 25% return on capital investment after renovations.
Year Built: 1972
Buildings: 15 Total | 13 Residential
Resort-style swimming pool
Onsite laundry facility
Business center with high-speed internet & WiFi
Large park like trees
Key Market Stats
#1 in the county for total job growth -Bureau of Labor Statistics, 2019
#2 for Corporate Expansions in 2018 – Site Selection Magazine, 2019
#3 in the nation with 24 Fortune 500 Companies and the only US metro with more than one Fortune 10 Companies (DFW has 3!)
Addition of upgrades appliance package
Upgrade flooring across all units
Resurface or replace faux-granite kitchen and bathroom vanity countertops
Install new shaker-style cabinet faces
Upgrade to brushed nickel hardware
Upgrade lighting and plumbing fixtures
Addition of washer/dryer connections and appliances in all floor plans
Complete pressure washing and paint touch-ups
Upgraded fencing for curb appeal
We Are Multifamily Investment Professionals
With a combined 100+ years of experience and $300MM in closed multifamily transactions, we have the subject matter expertise, key relationships, and proven track record to execute profitable deals.
We are opportunistic investors focused on creating long term value. We stress test our deals and use leverage carefully to create sustainable cash flow and limit our risk.
Closing a deal, while challenging, is the easy part. Executing on the business plan is the hard part. It takes perseverance and persistence to achieve what we set out in our underwriting.