Ridgeland Ranch Apartments, Ridgeland, MS – 129 units
Business Plan: Begin exterior and interior CapEx plan, improve gate and fencing to provide a more private feel, improve pool area and common area, add an additional picnic area with complex provided grills and gazebos, add playground amenities, cap the fireplaces and provide decorative accents, implement renewals and new leases at max rent, optimize operational inefficiencies, improve utility bill back schedule & capture other income (pet rent, etc.), explore cost benefit of low flow fixtures.
October 2022 Update:
- Occupancy – 88%
- Leasing remain strong and continue to lease at the market rent projections
- Transitioned most of the residents to paying online