Ivy Court Apartments, Greenville, NC – 48 units
Business Plan: Upgrade unit interiors, make improvements to the exterior, increasing rents to market rate after renovation with wifi and premium utility package added.
February 2023 Update:
- Occupancy at 98%
- Interior unit renovations are being completed and we are ahead of schedule
- Existing residents being upgraded to newly renovated units
- Cost segregation study is being undertaken to potentially reduce tax liability and increase cash flow
Riverwood Apartments, Dayton, OH – 16 units
Business Plan: Upgrade unit interiors, make improvements to the exterior, increasing rents to market rate after renovation with wifi and premium utility package added.
February 2023 Update:
- Occupancy at 93.75%
- Interior unit renovations are being completed and we are ahead of schedule
- Existing residents being upgraded to newly renovated units
- Cost segregation study is being undertaken to potentially reduce tax liability and increase cash flow
Ridgeland Ranch Apartments, Jackson, MS – 48 units
Business Plan: Full interior renovation of all units and exterior upgrades, implement renewals and new leases at max rent, and optimize operational inefficiencies.
February 2023 Update:
- Occupancy at 87%
- Onboarded new lead maintenance technician to lead the lighter unit turns in house
- Engaged few different third party construction companies to speed up the renovation process
Sirena Gordon Apartments, Hamilton, OH – 48 units
Business Plan: Full interior renovation of all units plus parking lot upgrades and exterior updates including rebranding. Increasing rents to market rate after renovation with wifi and premium utility package added.
February 2023 Update:
- Interior unit renovations are being completed and we are ahead of schedule
- Existing residents being upgraded to newly renovated units
- Common area updates and exterior work are being completed
Lake Forest Apartments, Daytona Beach, FL – 384 Units – SOLD
Grimes Townhouses – Middletown, OH – 8 units – SOLD