Projects

  • California
  • Newton Avenue

    Newton Avenue Apartments (Oakland)

    This property required an upgrade to many facets of the building including seismic retrofit.  We modernized the pool deck, renovated units, and improved the exterior.  Then, we streamlined the management team to push revenue and maximize the value.

    • Acquired: 2012
    • Disposed: 2015
  • EastLake_Lofts_lrg

    East Lake Laney Lofts (Oakland)

    Condominium Conversion (26 units)

    Now a 26-unit luxury, Class-A condominium loft development.  This property was formerly the Mutual Creamery Ice Cream factory. All units sold out within one month of completion.

  • UC_Studios

    UC Studios (Berkeley)

    20 Units, 5 Commercial Spaces, & 15,000 sf Theater

    Located in downtown Berkeley, UC Studios consist of 20 residential units, 5 commercial spaces and 15,000 sf theater. In 1999, the property went through major renovations and seismic retrofitting. The upgrades focused on modifying the 20 single room occupancy units on the second floor into 20 studios each with a small kitchen, bathroom and a loft bedroom.

    • Acquired: 1999
  • Lakemount_Apartments

    Lakemount Apartments (Oakland)

    68 Units & 5 Commercial Spaces

    Lakemount is located a block south of Lake Merritt and consists of 68 subsidized senior citizen apartments and 5 commercial spaces.  The property was impacted through transitioning to a professional asset management style and improved business practices.

    • Acquired: 1998
  • California_Apartments

    California Apartments (Berkeley)

    50 Units & 10 Commercial Spaces

    Located just four blocks west of downtown Berkeley on University Avenue, the California Apartments consists of 50 residential units, 10 commercial spaces, and a single family house. In 2003, the property went through a major renovation and seismic retrofitting.  A parking lot gate was installed, the exterior repainted, new double pane windows added, and the roof replaced. In addition, master gas and electrical meters were converted into 60 individual meters. A majority of the commercial units were converted to live-work units.

    • Acquired: 2004
  • Texas
  • CityView_lrg

    City View Apartments (San Antonio)

    318 Units

    Located just outside Loop 410 in northwest San Antonio, City View was re-branded to take advantage of its great views of downtown. The apartments went through a major renovation in 2006 including exterior HardiePlank siding to replace shingles, windows retrofitted to double pane glass, exterior was repainted a dynamic tricolor scheme, and a majority of the units were renovated.  cityviewapartmenthomes.com

  • San_Antonio

    Three Property Apartment Portfolio (San Antonio)

    Cosmopolitan, Rampart House, & French Chalet - 211 Units

    In 2004, we acquired a three apartment building portfolio with a 50% vacancy, poor management, and an absentee landlord.  The properties had extensive deferred maintenance. Within a year, all properties were renovated including exterior paint, landscaping, new roofs, and unit enhancement.  Upon completion of strategic upgrades, the properties were performing at a 95% occupancy rate.

    • Acquired: 2004
    • Disposed: 2006
  • PerrinCreek_lrg

    Lodge on Perrin Creek (San Antonio)

    309 Units

    Located at Austin Highway, the Lodge consists of 309 residential units.  In 2012, the 22 buildings were painted in pastel colors, a pergola was built on half of the volleyball court adjacent to the swimming pool, and a dog park was built on the east side of the property.  Additionally, 20 carport spaces were added and the surfaces re-coated.  Units have been upgraded systematically and the occupancy is strong. lodgeonperrincreek.com

    • Acquired: 2011
  • PortofinoPool_lrg

    City Heights formerly The Portofino (San Antonio)

    272 Units

    Located just north of the South Texas Medical Center on Fredericksburg Road, The Portofino Apartments consist of 272 units. The complex went through a major renovation including carpentry, exterior paint, landscaping and fence repair.  The property has two swimming pools and club house overlooking the front pool.  Multiple amenities were added including a fitness center, giant pergola near the rear pool, and a sports court.  To convey the exceptional changes, the property is being re-branded as City Heights.  http://www.cityheightsapts.com

    • Acquired: 2012
    • Disposed: 2016
  • Montage_pool_lrg

    The Montage at North Point (San Antonio)

    200 Units

    Located strategically near the intersection of Interstate Highway 10 and Loop 410 less than 5 minutes from the South Texas Medical Center and the San Antonio International Airport, The Montage consists of 208 units. It offers a sparkling swimming pool, open leasing center, and large clubhouse.  Upgrades have been added to the landscaping and many rock walls have been added to replace railroad ties.  The property was recently painted.  Additional shared amenities are being added including a large fitness center, outdoor grilling stations, and a outdoor meeting area on the site of the old tennis court.  montageatnorthpoint.com

    • Acquired: 2012
    • Disposed: 2016
  • Rolling Hills

    Rolling Hills Apartments (Dallas/Fort Worth)

    384 Units

    Well built, mid 80s constructed property in a fast moving submarket of Dallas Fort Worth.  This location experienced double digit population growth since 2000 with an upward trend.  The asset offers solid unit features such as real wood cabinets, full size washer/dryer connections, microwaves, and open floor plans.  The roofs were recently replaced and the exterior painted.  Through the addition of a dog park, unique outdoor pavilion, and pool deck, we will create a best in class product.  Additionally, unit enhancements such as flooring and lighting will be phased into the asset.  www.rollinghillsplaceapts.com

    • Acquired: 2016
  • RED14481

    Tower Village Apartments (Dallas/Fort Worth)

    264 Units

    This asset offers desirable features in an urban infill location.  It is walking distance to the University of Dallas and less than ten minutes from Las Colinas (dynamics DFW corporate center), DFW International Airport, and the Dallas Central Business District.   Structurally, it is two story, pitch roof with large average unit sizes.  The leasing office/community center are primed for a new business center and upgraded fitness center.  There is ample open space for an off leash dog park.  In the interiors, enhancements will be strategic and modern.  https://www.towervillageapts.com

    • Acquired: 2017

     

  • Arizona
  • Canyon Heights

    Canyon Heights (Tucson)

    196 Units

    This 196 Unit, Class B multifamily asset is located in a strong sub-market.  The construction has strong 1980s design features but was in need of modernization of the shared amenities.  We are adding the following:  clubhouse, fitness center, redesigned pool deck, dog park, and business center.  We are transitioning the interiors of the units to meet renter demand.  We are proactively reducing our water usage with an aggressive plan to change toilets, bathroom, and kitchen fixtures to low flow accessories.  Finally, the property needed a fresh approach to asset management.  The operations have improved steadily since acquisition.  http://www.canyonheightsapts.com/.

    • Acquired: 2014
  • Rillito Village (26)

    City Heights formerly Rillito Village Apartments (Tucson)

    272 Units

    Constructed in 1985, this asset was highly renovated by the prior owner including new roofs, parking lot resurface, exterior paint, upgraded fitness center, and water saving toilets in 2015.  Taking advantage of job growth in the submarket, we will enhance the leasing office including a new business center, clubhouse, WiFi and an outdoor entertainment area.  Strategic upgrades to the units will position the asset to take advantage of the upward trend in the rental market.  http://www.liveatcityheights.com

    • Acquired: 2016

     

     

  • The Peaks at Redington (17)

    Peaks at Redington (Tucson)

    301 Units

    Built in 1980, this value-add property will benefit handsomely from an improvement and addition of shared amenities.  The dated tennis courts will be retrofit to add a large, lighted dog park as well as two bocce courts.  This entertainment destination will be unparalleled in the submarket.  These upgrades will coincide with our modernization of the swimming pool area, clubhouse, fitness center and leasing office.  Additionally, the units have solid features that can be enhanced through upgraded flooring and interiors.  http://www.peaksatredington.com

    • Acquired: 2017
  • Gulf Coast
  • The Cove

    The Cove at Biloxi Bay (Gulfport/Biloxi/Pascagoula)

    176 Units

    This asset is two blocks north of the Mississippi Gulf Coast beaches and directly adjacent to a regional shopping center, Edgewater Mall, anchored by Belk, Dillards, JC Penney and Sears  It is less than five minutes from abundant employment in transportation, entertainment, manufacturing, and military.  The opportunity is a clean, two story property with ideal floor plans.  Each unit includes full size washer/dryer connections, walk-in closets, ceiling fans, and storage.  The amenity upgrades will include an outdoor, covered kitchen and state of the art business center.  The units will transition to faux wood floors and upgraded fixtures.  http://www.coveatbiloxibay.com

    • Acquired: 2016
  • untitled

    The Landing Apartments (Lafayette)

    346 Units

    Constructed in 1986, this asset offered design features such as 9′ ceilings throughout the first floor, full size washer/dryer connections, microwaves, and large patios/balconies not found in the submarket.  The immediate area included a brand new Whole Foods and Costco as well as a Super Target within walking distance.  The neighborhood is adjacent to the River Ranch master development which has a median home  value north of $700,000.  The ability to modernize the business center and shared amenities will place the asset in competition with the new properties being constructed in the Lafayette market.  The addition of screened porches to the units will be a wrinkle not yet attempted amongst the competitors.  http://www.liveatthelandinglafayette.com

    • Acquired: 2016
  • IMG_2831

    Sandalwood Apartments (Pensacola)

    144 Units

    This 1985 built asset is located in a booming southeastern United States city.  Pensacola, Florida has limited new construction of which which led to demand for apartments out of balance with supply.  This asset offers a quaint community feel with good unit sizes and cute shared amenities including a swimming pool, sports court, and open courtyards.  Select units have washer/dryer connections and all have large walk-in closets, ceiling fans, and extra storage.  Our plan is to upgrade the pool deck to include an outdoor California kitchen, strategically enhance the units, and add an off leash dog park.  http://www.liveatsandalwood.com

    • Acquired: 2017
  • IMG_0575

    Northwood Apartments (Pensacola)

    431 Units

    This asset was built in phases from 1980 to 1982.  It is strategically located in the northeastern submarket of Pensacola, Florida and provides access to medical, industrial, education, professional, and retail jobs all within a five minute drive.  The current rents are well below the competitive set offering double digit upside.  In addition to our historical strategy of upgrading shared amenities and improving units, we plan improvements to the exterior and landscaping that will raise this asset in quality above the other.

    • Acquired: 2017