134 Unit multifamily deal in Arlington TX

[Dylan McCabe]

Investment Info:

Large multi-family (5+ units) commercial investment investment.

Purchase price: $11,250,000

134 unit, Class C property in Arlington TX. We are in the process of closing. The goal is to reposition the asset and sell in 3-4 years, depending on market conditions.

What made you interested in investing in this type of deal?

We found an off-market deal and jumped on it.

How did you find this deal and how did you negotiate it?

Through our personal network.

How did you finance this deal?

Equity investors.

How did you add value to the deal?

Decreasing loss to lease, vacancy, and other management deficiencies. Increase cash flow by executing the business plan and raising rents.

What was the outcome?

Still in process.