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Home 5 Company 5 REEP Equity January 2022 Newsletter

REEP Equity January 2022 Newsletter

This is going to be an exciting year for REEP Equity. We have a bunch of news to cover and are excited to share all the details with you. Thank you for taking the time to catch up with us!

We are very proud to announce that REEP has once again been awarded the Fast Track Award. This honor from the San Antonio Business Journal is given to San Antonio’s Fastest Growing Companies. This is our third year in a row to win this esteemed award.

2021 ended on a high note with exciting changes to our portfolio.

We are proud to announce we have

SOLD 2 PROPERTIES

Atrium Commons is a 256 unit, garden-style, property located in North West San Antonio, Texas. This apartment community was built in 1983 and is centrally located to the medical center and major employers such as USAA and Security Service Federal Credit Union.  The property features 176 one-bedroom and 80 two-bedroom units.

Parc 410 is a 273 Unit Garden-Style, Class B property built-in 1983.  Acquired in March 2017, this property offers unique amenities and an ideal central location with easy access to major highways – 151, 90, and 410.  This property has a unit mix of 176 one-bedrooms and 80 two-bedrooms.

We are proud to announce we have

CLOSED ON 2 PROPERTIES!

One of our greatest strengths is our vertical integration. As part of our new 2022 efforts to provide our network with more information, we have added this new REEP Management section. Each month we recognize our team’s achievements and who our REEP Stars are for that month. We hope you enjoy learning more about what is going on behind the scenes and join us in congratulating December’s top performers. 

OCCUPANCY

Across the portfolio, the properties closed out the year with an average occupancy of 96.2%!  This was the highest monthly average for 2021. Five properties performed above this average!
Waterford Park

98.8% Occupancy

97.4% Occupancy

97.7% Occupancy

99%
Occupancy

97.3% Occupancy

HIGHEST RENEWAL PERCENTAGE

100% Renewal Rate

HIGHEST MAINTENANCE SATISFACTION SCORE AVERAGE

10 out of 10

 

2022 Investment Opportunities are around the corner!

These opportunities are announced exclusively to our Investor Network email list. If you are not sure if you are on this exclusive list, please email us and we can confirm your subscription. 

With each new opportunity, we will walk through what makes the property unique and our improvement strategy for how we will impact the bottom line. You will find this information through the property’s executive summary and in the webinar. If you have any questions or would like to join our investor network, please click on these links.

 

Thank you for being part of the REEP Network!

Real estate, especially multifamily real estate, continues to be an attractive and dependable investment. The market news continues to show that housing shortages and the population growth for the Texas Triangle have positioned the portfolio and future investments for great success. We are proud of our properties and value the trust you have put in us to bring this vision to life. We look forward to continuing this progress and furthering our relationship with you.  

Sincerely, 
Jacob and Arleen Garza
Co-Founders, REEP Equity

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