lake vista teaser pic

Lake Vista, San Antonio, TX

We are very excited to present you with a unique opportunity to partner with us on a ground up development of 264-units of A-class product in one of the best markets in the country - San Antonio, TX.

Projected 0% COC / 30-35% IRR

15% Preferred Return

Closing April 29, 2022

L&L Portfolio

L&L Portfolio, Jacksonville, NC

This is a hidden gem - clean property with 95%+ occupancy in a growing area. Purchasing at $70k/door with rent upside to $1000/mo. Going in at a 6% cap rate on T12 and assuming low leverage fixed rate debt at 2.82%.

Highlights:

  • Low leverage 65% LTV
  • Projected returns 14% COC and 18% IRR
  • Rents $400/mo below next level comps
  • Closed March 2022
DJI_0375

Westbury Reserve, Houston, TX

A true purchase discount at $77k/door in a path of progress neighborhood on the east side of Houston, TX.  We're excited about this 320-unit property with huge upside. It's going to look amazing when we're done renovating!

Projected 12-14% COC / 16-18% IRR

Closed December 2021

midwest portfolio cover

Midwest Portfolio, IN/OH

This why we like the Midwest - a T12 cap rate over 7%, long term fixed debt at 4%, and lots of room to complete major renovations and add value to the neighborhoods we're in. Purchasing at $65k/door with rent upside to over $1000/mo.

Highlights:

  • Low leverage 65% LTC
  • Projected returns 12% COC and 16% IRR
  • Rents $400/mo below next level comps
  • Closed March 2022