Our current focus is on multifamily real estate investments located in stable and emerging markets in the Southeastern and Southwestern United States, that are within our specific parameters for price, size, location, condition, and rate-of-return.
Through our strategic partnering we are able to leverage the skills, market knowledge and experience of our partners, and combine these with our own experience, creativity, discipline, and dogged determination to flawlessly execute on every project.
A typical investment is $100,000 - $500,000+
Our Multi-family Properties
Olde Vineyard Townehomes - In Contract
Winston-Salem, North Carolina
137 unit two-story garden style town-homes located in Winston-Salem, North Carolina. This complex presents a massive value-add opportunity. Our improvement plan will include a full grounds refresh, power washing of the buildings, new LED lighting, all new sign package, security cameras and upgrades to the existing pool area, a new dog park and 2 new picnic areas. We are projected to close by the end of May 2018.
232 Units in Morrow, Georgia. Our capital improvement and amenities upgrade plan has begun. We will bring rents to market rate and bring the property to a B level complex.
The Tibet Portfolio consists of 2 properties operating as one. Willow Tree with 58 units and Stratford Arms with 51 units. This is a solid B complex which after our aggressive Cap X plan will be a B+ property.
Main Street Apartments
Forest Park, Georgia
We closed on Main Street Apartments, a 32 Unit complex in August 2017. This is our most recent acquisition. Our management team has started the clean up and capital improvement plan. Rents will be brought up to market as units are newly leased or upon renewals. It was built in 1967 and is sits on a 2.81-acre lot 12 miles south of downtown Atlanta. Main Street Apartments offers a desirable 2 bedroom/1 bathroom garden style living space measuring 750 square feet per unit. Onsite amenities include: air conditioning and heating, playground and laundry facilities. As you can see, Main Street Apartments are a 5-minute drive from our current Pleasant Acres Apartments and 10 minutes from Willow Park Apartments. We are currently receiving market rent of $650 for a 650 sq. ft. 2 bedroom unit at a less desirable community with no amenities. We have proven the market in this area and are confidant that we can achieve the same market rents if not more at Main Street because it is a better community with nicer amenities. SMP will also manage this apartment community for us and many others in the area.
Forest Park, GA
Purchased in August 2016 a 108 unit community consisting of 14 buildings on 9.72 acres. We have completed a major capital and economic improvement plan over the past 6 months and will the property will continue to improve each month.
44 Unit Apartment Complex
Purchased in June 2015, This 44 unit apartment complex consists of all 2 BR units. Located just 12 minutes from Hartsfield-Jackson Atlanta International Airport and 12 Miles form downtown Atlanta. The property is currently 98% occupied and have again increased our leasing criteria to reduce turnover. We will continue to increase income and reduce expenses.