Current Deals
This is where you'll find all the info you need on our current deals...
Class-A Development - Mansfield, TX
Mansfield is one of the top growth submarkets in DFW and a great way to own a long-term asset in the market without paying a 4 cap. With a median household income of $94k and median home prices up 289% since 2000, we think this is a great place to develop.
Highlights:
- Projected 20-25% IRR
- Excellent highway access to downtown Ft Worth, DFW airport, Arlington/Irving, and Downtown Dallas.
- Equivalent location to Flower Mound and Plano on the north side!
- HEB flagship store announced bringing 700 new jobs
- Film studio development announced bringing 2000 new jobs
- Two new commercial multi-use developments bringing 1500+ new jobs
Ellington Place - St. Petersburg, FL
Amazing Development Opportunity
We've got a brand new development coming in sunny Southern Florida and this is your chance to get in on the ground floor. Florida boasts a remarkably low unemployment rate, staggering growth and is ranked #1 in the US for attracting and developing a skilled workforce. This 220-unit development breaks ground in 2023 with a target completion date of mid-2025.
Highlights:
- Very strong economic environment in Florida
- Preferred return of 15%
- Projected equity multiple: 2X
- Projected IRR: 25-30%
City Park - Atlanta, GA
Under ownership working through our business plan!
Hard work is paying off and we are thrilled to be expanding our footprint in the Atlanta area yet again. City Park is a beautiful 208 unit B-class asset located in a growth area of Atlanta with solid rent upside from improved management.
Highlights:
- Currently achieving $200-400/mo rent bumps
- Projected returns 10-12% COC and 15-18% IRR
- Opportunity to address deferred maintenance items and bring the property back to A-class
- Limited Investment Positions Available
Villa Nueva - San Antonio, TX
Under ownership working through our business plan!
We navigated some challenging times in this market to get this one done, but we have an amazing 304 unit opportunity under management in San Antonio. 16 of these units were brand new, and we're working on upgrades throughout this property to improve occupancy and address past management delinquency issues. Occupancy is already up and delinquency $ are down, and we have a new team in place to turn this property around.
Highlights:
- 15-20% rent bumps on renewals
- Preferred return of 8%
- Projected returns 11-13% COC and 16-19% IRR
- Closed December 2022
- Limited Investment Positions Available
Avenue 33 - Stockbridge, GA
Under ownership working through our business plan!
Avenue33 is a beautiful 284 unit B-class asset located in a great location with solid rent upside from improved management. We'll be bringing back online a beautiful resort pool that's been inoperable for over 2 years, and are continuing to update units each month. 12 months in on a 24 month turn around -this is a perfect time to join in on this opportunity.
Highlights:
- Currently achieving $300/mo rent bumps on new leases
- Projected returns 10% COC and 15% IRR
- Preferred return of 8%
- Closed July 2022
- Limited Investment Positions Available
Lambent Ranch - San Antonio, TX
With population growth leading the nation and median household income at over $120k, we are ready to break ground on our next ground-up development deal in San Antonio, TX. With 70+ acres of opportunity, this will be three phases and multi-use space.
Highlights:
- Projected 20-25% IRR
- 15% Preferred Return
- Mixed-Use With Hotel, Restaurant, Cafe, etc
- Prime Location
- Luxury Amenities
Lumin - San Antonio, TX
We broke ground on this project last year and have completed about 20% of the development. We're at a critical point where we feel it makes sense to refinance out of the initial high-interest-rate loan that was close to 10% and have secured a traditional bank loan at 6.5%.
This refinance is going to save our investors (and us) between $2-3MM in carry costs. We're also getting a more stable lender (regional bank), and we're de-leveraging the project. While leverage is good, in an environment like this, I feel it's a win-win to lower our interest cost and lower our leverage all while maintaining our overall return metrics.
Lambent Ranch - San Antonio, TX
With population growth leading the nation and median household income at over $120k, we are ready to break ground on our next ground-up development deal in San Antonio, TX. With 70+ acres of opportunity, this will be three phases and multi-use space.
Highlights:
- Projected 20-25% IRR
- 15% Preferred Return
- Mixed-Use With Hotel, Restaurant, Cafe, etc
- Prime Location
- Luxury Amenities
Ellington Place - St. Petersburg, FL
Amazing Development Opportunity
We've got a brand new development coming in sunny Southern Florida and this is your chance to get in on the ground floor. Florida boasts a remarkably low unemployment rate, staggering growth and is ranked #1 in the US for attracting and developing a skilled workforce. This 220-unit development breaks ground in 2023 with a target completion date of mid-2025.
Highlights:
- Very strong economic environment in Florida
- Preferred return of 15%
- Projected equity multiple: 2X
- Projected IRR: 25-30%
Lumin - San Antonio, TX
We broke ground on this project last year and have completed about 20% of the development. We're at a critical point where we feel it makes sense to refinance out of the initial high-interest-rate loan that was close to 10% and have secured a traditional bank loan at 6.5%.
This refinance is going to save our investors (and us) between $2-3MM in carry costs. We're also getting a more stable lender (regional bank), and we're de-leveraging the project. While leverage is good, in an environment like this, I feel it's a win-win to lower our interest cost and lower our leverage all while maintaining our overall return metrics.
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