Current Projects
View All
River Landing Apartments
Purchased in June of 2016, River Landing was a distressed, 50% occupied C asset that has been successfully repositioned into a charming garden style community with happy tenants.
Eagle Ridge, Lawrence, KS
The property consists of a 2-story garden/ low-rise apartment complex containing 148 residential apartment units. The units are comprised of 116 super studios and 32 two bedroom units. The property is undergoing interior and exterior improvements that include new color scheme, upgraded flooring and lighting.
Owens Lake Commons, Walbridge, OH
Owens Lake Commons was purchased in late 2013 and has 84 units totaling 327 beds. The property was built in 2006 to serve the students at nearby Owens Lake Community College. The property has a complete amenity package include pool, game room, fitness room, movie theatre, tanning and shuttle service.
Dave Kelsey
“I am fortunate to have partnered with great people over the past 15 years. From talented operating partners, commercial lenders and equity investors, the multi family investment space is without a doubt a team sport.”
Learn MorePast Projects
View All
University Hills Apartments, Toledo, OH (156 Units)
University Hills Apartments was purchased in 2012 and sold in 2014. The property is a garden style apartment community that sits adjacent to the University of Toledo. Improvements were made to the property to increase occupancy and drive rents. Significant monthly cash distributions were paid during the ownership of the asset, with a significant capital gain at the exit.
Beacon Hill, Chesterfield & Kensington Apartments, Muncie, IN (103 Units)
This group of garden style apartments is located just off the campus of Ball State University. The properties were purchased in 2011 and sold in 2014. The partners were able to significantly increase rents through cosmetic unit upgrades and renovating the leasing office and club house. The partners realized impressive monthly cash distributions during the ownership of the asset, with a significant capital gain at the exit.
Oakwood Apartments, Springfield, MO (90 Units)
Oakwood Terrace is a town home community located one mile from Missouri State University. The property was purchased in 2006 and sold in late 2007. A true value add opportunity, the partners aggressively marketed to students and rolled their upgrades to the units, allowing increased rents and occupancy. Significant cash on cash returns were realized during the ownership of the asset as well as a large capital gain at the exit.