Sponsor property acquisitions

Our sponsors have over a decade of experience in commercial real estate acquisition.

The Prescottonian

Prescott, AZ

This property is an off market deal. The underlying fundamentals of the area, the cashflow, and the market are ideal. The hotel market in general suffered severly from covid shutdowns. This property was put under contract at the lowest point of the hotel market cycle (the first time in 10 years that the market declined), at a very strong double digit cap rate. As the market rebounds, we expect to make high amounts of appreciation, while receiving good cashflows.

Hotel
21.38%
$11.6M
N/A
N/A
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Ultra Express

Riverside, CA

This property was purchased during the COVID lockdowns. When most businesses were closed, and no buyers existed. We purchased it for a very attractive double digit cap rate. It continues to have very strong cashflow today and values are indicated well above purchase price.

Retail
35%
$24.0M
6.58X
185%
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Hacienda Heights

El Paso, TX

This property was located in a market where rent has been seeing up to 20% increases per year. The property is severely under market on its rents. Our plan is to repair the property, and raise the rents several hundred dollars per unit, hold it for a few years, then sell it for profits.

Apartments
$7.3M
N/A
N/A
N/A
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Speedie Clean

Santa Anna, CA

This property was purchased during the COVID lockdowns. When most businesses were closed, and no buyers existed. We purchased it for a very attractive double digit cap rate. It continues to have very strong cashflow today.

Retail
22%
$12.0M
2.55X
155%
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The Flats

Dallas, TX

This property was in extreme disrepair. We replaced the entire electrical systems, all plumbing, interior electrical, HVAC, and vent systems. New siding, facia, soffits, roofs. New windows. Many major concrete repairs and reconstruction. Interiors on 50 units were gutted, many down to the studs, and rebuilt entirely. Rents were increased from as low as $700 up to $1400 on renovated units. The property was held for several years, then sold for a large profit.

Apartments
--
$12.5M
1.54X
78%
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The Block

Charlotte, NC

This property was severely under market on rents when we acquired it. In addition it had severely differed maintenance. We replaced all the roofs, the asphalt, the siding, and painted all of the buildings. We took the rents from as low as $600 per unit, to over $1100 per unit. The property was held for several years, then sold for a large profit.

Apartments
35%
$13.5M
4.76X
194%
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SFR Portfolio

Wilmington, NC

We purchased 83 individual addresses consisting primarily of single family rental units, and a few multifamily units. The properties were held for several years, rents were raised, and then the properties were sold in bulk.

Portfolio
16%
$6.3M
2.75X
87%
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Port City Commons

Wilmington, NC

A bulk purchase of 10 townhomes in a 24 unit community were purchased distressed from a bank. The bank had repossessed the assets from the prior owner, and the management firm working for the bank was severely mismanaging the assets. We purchased the assets, evicted bad tenants, did some minor cosmetic repairs, raised the rents several hundred dollars, then held the assets for a few years collecting rents, before selling the bulk portfolio and cashing out profits.

Townhomes
34%
$1.35M
9.82X
126%
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