Past Projects
Parkview Apartments, Emporia, KS (120 Units)
Parkview Apartments was purchased in 2006 and sold is 2018. It is a garden style apartment complex serving Emporia State University students. The partners made improvements to the property, increasing rents and managing expenses. Significant cash on cash returns were realized during the ownership of the asset as well as a large capital gain at the exit.
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.
Sooner Crossing Apartments, Norman, OK (118 Units)
Sooner Crossing is a garden style apartment complex located near the University of Oklahoma. Purchased in 2008 and sold in 2013, the partners repositioned this asset through a true value add program. Occupancy increased to over 95% annually through the ownership of the asset. Impressive cash on cash during the ownership of the asset and significant capital gain at sale were realized.
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.
Colony Apartments, San Marcos, TX (88 Units)
Colony Apartments was a garden style apartment community located near Texas State University. The property was purchased in 2008 and sold in 2010. During that time the partners were able to increase monthly rents and occupancy. Significant monthly cash distributions were paid during the ownership of the asset, with a significant capital gain at the exit.