Historical Performance

Sold 2014

370% Investment Return

    • Acquired Alegre Apartments in San Antonio, Texas in April 2012
    • 24 unit garden-style complex built in 1969
    • Asset Quality: C
    • We completed value-add improvements achieving the following:
      • Occupancy increased from 75% to 100%
      • $90,000 in capital improvements
    • Sold November 2014 for a total return of 370% in 30 months

    Sold 2014

    95% Investment Return

    • Acquired Aspen Chase Apartments in San Antonio, Texas in December 2014
    • 143 unit garden-style complex built in 1966
    • Asset Quality: C
    • We completed the following value-add improvements:
      • Major upgrade to onsite & asset management
      • $500,000 in capital improvements
      • Achieved 8% cash on cash returns
    • Sold September 2016
    • San Antonio Apartment Association – Property of the Year 2014

    Sold 2016

    240% Investment Return

    • Acquired Coral Gables in San Antonio, Texas in November 2013
    • 28 unit garden-style complex built in 1974
    • Location & Asset Quality: C
    • Since acquiring the asset, we accomplished the following improvements:
    • $100,000 completed capital improvements
    • Increased rents 26%
    • Improved curb appeal and management
    • Sold November 2016 for a total return of 240% in 36 months

    Sold 2017

    232% Investment Return

    • Acquired Darby Square in San Antonio, Texas in February 2015
    • 74 unit garden-style complex built in 1986
    • Asset Quality: C
    • Improved operations and curb appeal, increasing resident satisfaction and
      occupancy to 96%
    • Sold September 2017 for a total return of 232% in 30 months

    Sold 2019

    134% Investment Return

    • Acquired Astoria Apartments Homes in San Antonio, Texas in July 2014
    • 88 unit garden-style complex built in 1979
    • Asset Quality: C
    • Since acquiring the asset, we accomplished the following improvements:
      • Occupancy improved from 36% to 92%
      • Achieved rental growth of 50% on new leases
      • Refinanced after 2 years, in August 2016, returning 104% of investor capital while retaining ownership with projected 15% -18% annual returns
    • Sold May 2019 for a total return of 134%

    Sold 2019

    154% Investment Return

      • Acquired Aragon Place in San Antonio, Texas in January 2016
      • 216 unit garden-style complex built in 1983
      • Asset Quality: B
      • We completed the following value-add improvements:
        • Replaced onsite management team
        • $950,000 in planned improvements
        • Occupancy increased from 80% to 92%
      • Sold October 2019 for a total return of 154%

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