Our goal is to acquire a ~100 unit mismanaged apartment complex in the Houston area that can be repositioned within its submarket. A value play model will al...
Stage
Concept Only
Industry
Consumer Products
Location
Houston, TX, USA
Currency
USD
Company Summary
Our goal is to acquire a ~100 unit mismanaged apartment complex in the Houston area that can be repositioned within its submarket. A value play model will allow for double digit returns and to double the investors' capital contribution upon sale or refinance of subject property. We are targeting a total project size of no more than $3 million (roughly 1 million down to include acquisition and rehab costs of 30%, remaining 70% will be financed).