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Updated 7 months ago,
Equity Shares Available: Houston & Atlanta Multifamily Portfolios
Hi all,
I need to sell my equity shares in one of two multifamily portfolios (LLCs) due to pressing medical bills. Both investments are B/B- properties acquired in 2021 and have since been upgraded to B+/A- properties. Originally intended as buy-renovate-hold-sell investments, they've been extended due to high interest rates. This is a great opportunity for someone to enter a deal that could payout in a year or two with a potential 10-30% return.
Portfolio 1: THE PLACE AT BARKER CYPRESS, Houston, TX- Properties: Two properties on Barker Cypress Road
- Total Units: 648
- Date Acquired: 6/18/2021
- Purchase Price: $73.8M
- Renovation: 98% of units renovated in 2022-2023
- Managed By: MC Companies, Inc. (Robert Kiyosaki's property manager)
- Equity Owned: 0.43%
Location Benefits: Houston is the 4th largest city in the U.S. and a major hub for the energy, healthcare, and tech industries. Houston's real estate market remains robust with high demand for rental units, especially in renovated properties that offer upgraded living conditions.
Portfolio 2: Three Properties in Suburbs of Atlanta, GA- Properties: Aubrey's Landing (Cumming, GA), Lost Mountain (Dallas, GA), Magnolia Commons (Hiram, GA)
- Total Units: 584
- Date Acquired: 12/29/2021
- Renovation: 95% of units renovated in 2023-2024
- Managed By: Praxis Capital, Inc. (20 years in business, managing over 100k units)
- Equity Owned: 0.174668%
Location Benefits: The suburbs of Atlanta are experiencing rapid population growth due to their appealing mix of affordable living, quality schools, and expanding job opportunities. The demand for quality rental properties in these growing suburbs is increasing, particularly in well-renovated units that provide modern amenities.
Why I'm Selling:Due to high interest rates, both management companies are holding longer than anticipated. I must sell one portfolio or take money from my business, which I'd prefer not to do, to cover some unanticipated medical bills. I value the investments basically the same so I am offering both in case an investor sees one as a better value than the other.
Opportunity:- Value: Each share worth over $100k
- Potential Return: 10-30% in the next year or two
- Documentation: Available upon request for serious inquiries. I have a wealth of detailed financial information on both portfolios that I am willing to share.
- Transfer: Managed by reputable 3rd parties for a safe and transparent process
Serious Real Estate Investor Inquiries Only! I won't entertain lowball offers.
Message me privately with your email and the portfolio you're interested in.
Thank you for your interest.