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Updated about 4 years ago,
TX 408 unit acqusition
Investment Info:
Large multi-family (5+ units) commercial investment investment in Fort Worth.
Purchase price: $1
Cash invested: $11,000,000
The Falls & Oak Village is a 408 unit apartment community located in Fort Worth, TX. The property is very well maintained and consists of 46 buildings in total which are comprised of Hardie plank, brick and stucco exteriors with pitched composition roofs on concrete slab foundations. The amenities at The Falls and Oak Village exceed expectations as the property comes well equipped with 2 swimming pools, soccer fields, playgrounds, dog parks, grilling areas and onsite laundry facilities.
What made you interested in investing in this type of deal?
The market it is located in and the economies of scale
How did you find this deal and how did you negotiate it?
This property was listed by a well known broker
How did you finance this deal?
Freddie Mac Floater
How did you add value to the deal?
Interior Rehab, unit conversions and expense reduction