Home@Uptown is a 2-story urban-feel apartment community built in 1973 and located in the thriving Uptown area of Albuquerque, New Mexico. It is comprised of 77 units - a mix of studio, one, two and three bedrooms. The property is located in one of the highest rent districts in the city and has great traffic visibility. It is also very close to major employment centers and high-end shopping, dining and recreation areas. The dated interiors are currently being renovated to cater to the strong demand for updated apartments..
Home@Valencia in Albuquerque is a 51 unit apartment complex built in 1977, consisting of 21 one-bedroom apartments and 30 two-bedroom townhouses, centered around a swimming pool with mature trees and grass. Many properties in the neighborhood are currently being renovated. Adjacent is a shopping center with a new Starbucks and Planet Fitness. It is walking distance to the VA hospital and Gibson Medical Center. It is very close to the city’s biggest employers including Kirtland Air Force Base and The University of New Mexico. The units feature beamed wood ceilings, fireplaces and dual closets in the master bedrooms. The property is a prime value-add opportunity by simply renovating units and raising rents to the current market level. Five units have private backyards and it is possible to build fences for the remaining twenty-five townhouses creating an opportunity to raise base rent.
Collins Estate is located in Jacksonville, NC and sits on over 20 acres of land, just 12 miles from the Atlantic Ocean. The property is less than two miles from the very active Camp LeJeune Marine Corps Base, and in an area that continues to have strong housing growth. The 109 space mobile home park has long term residents, was cash flowing upon acquisition and has lots of upside by renting out park owned units, and passing through utilities and trash fees to the tenants. Our partners Park Place Communities are currently implementing a management system and renovation with strict oversight to help us achieve higher returns for our investors.
Carrollton Oaks is a 1981 vintage Class B- multifamily property consisting of 320 units located in Carrollton, Texas (North Dallas) which is a rapidly growing area with strong demographics. This property was purchased with our partners Ashcroft Capital, The RSN Property Group and Nitya Capital who see significant upside that can be captured through interior and exterior renovations, improvements to operations, and more effective revenue management.