TX 408 unit acqusition

[Michael Roeder]

Investment Info:

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

Cash invested: $11,000,000

The Falls & Oak Village is a 408 unit apartment community located in Fort Worth, TX that consists of two phases, the 256-unit The Falls (YOC 1976) and the 152-unit Oak Village (YOC 1980). The two properties are adjacent to one another and run as one property out of one leasing office. The property will be rebranded as one single property after our team acquires the property. The Falls & Oak Village is situated only 10 minutes West of downtown Fort Worth and offers a simple commute too many employers including Lockheed Martin, Joint Reserve Base, Ridgmar Mall and the Walsh Ranch Development. Fort Worth is one of the nation's fastest growing major cities in the United States.

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

The Market and economy of scale

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

Listed Property

How did you finance this deal?

Freddie Mac Floater

How did you add value to the deal?

Interior Unit Remodels, Unit Conversions, expense reduction, Other Income increase