All Forum Posts by: Kristine Flook

9 years is fantastic

Love the idea of the book swap

How many deals have you transacted from 9 years of this coffee networking? 

have a great day

Kristine

Investment Info:

Other other investment.

Purchase price: $825,000
Sale price: $825,000

Land Development Site SOLD-Urbanize Properties

Another off market successful closing in South Florida. Building brand new apartments🏢
Janet and Kristine complete another off market land development site to build new multifamily units.

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

Land Opportunity

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

Off market

How did you finance this deal?

ALL CASH

How did you add value to the deal?

per buildable unit cost fantastic

What was the outcome?

building multifamily

Lessons learned? Challenges?

never give up

Investment Info:

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

Purchase price: $5,100,000

Janet Crucet & Kristine Flook of Urbanize Properties, a Miami-based boutique real estate firm that specializes in multifamily and other commercial assets represented the buyer & seller in this off market transaction consisting of twenty four apartments 16-two-bedroom & 8-one bedroom located in Hialeah Florida.
Sourced off market!
#Miami #RealEstate #tradedmia #MIA #Hialeah #Multifamily #apartmentbuildings #urbanizeproperties #JanetCrucet #KristineFlook #commercialrealestateinflorida #womenincre

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

Opportunity

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

Prospecting

How did you finance this deal?

Seller Financing

How did you add value to the deal?

Sourcing Off Market properties

What was the outcome?

Successful for both parties

Lessons learned? Challenges?

Follow up and stay committed never give up

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Attorneys

Investment Info:

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

Purchase price: $5,100,000

Janet Crucet & Kristine Flook of Urbanize Properties, a Miami-based boutique real estate firm that specializes in multifamily and other commercial assets represented the buyer & seller in this off market transaction consisting of twenty four apartments 16-two-bedroom & 8-one bedroom located in Hialeah Florida.
Sourced off market!

#Miami #RealEstate #tradedmia #MIA #Hialeah #Multifamily #apartmentbuildings #urbanizeproperties #JanetCrucet #KristineFlook #commercialrealestateinflorida #womenincre

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

Opportunity

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

Prospecting

How did you finance this deal?

Seller Financing

How did you add value to the deal?

Sourcing Off Market properties

What was the outcome?

Successful for both parties

Lessons learned? Challenges?

Follow up and stay committed never give up

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Attorneys

 Hey Graham I sent you a connection request and look forward to hearing from you. Just saying hi in Florida! ☀️

Investment Info:

Other other investment.

Purchase price: $929,000

📌 Airbnb 📌
Short Term Rental Container retreat/Tiny Homes are coming together beautifully. So excited for what’s to unfold in Canyon Lake, Tx 🚀🚀🚀
22 short term rentals are about to launch. Four acres on the lake. Great for family gatherings, yoga retreats, company trips. This amazing destination vocation will for sure be one to remember!

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

Alternative Investment

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

My niece is local agent in the area

How did you finance this deal?

Bank in Texas

How did you add value to the deal?

Infrastructure and shipping container/tiny homes and more

What was the outcome?

AirBnB

Lessons learned? Challenges?

Joint Venture

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

YES

Investment Info:

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

Purchase price: $20,623,000

240-unit, 3 property community Dalton sub-market of Chattanooga, Tennessee. Class B asset average rate of return (ARR) is anticipated to be over 21%! THE VALLEY AT MILL CREEK apartment community was built in 1985 and has 2 stories with 32 units.

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

20% + IRR

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

Relationship

How did you finance this deal?

N/A

How did you add value to the deal?

VALUE ADD PLAN YEAR 1 CAPITAL EXPENSE BUDGET Renovate interiors of 32 units on Dalton Beach Club (91 of 155 units have partial upgrades)Renovate interiors of 20 units on The Valley Address the deferred maintenance Exterior upgrades which include new signage, playground and landscaping. YEAR 2 CAPITAL EXPENSE BUDGET Complete interior renovations of remaining 32 units on Dalton Beach Club and 12 units on The Valley Swimming Pool upgrade

What was the outcome?

N/A

Lessons learned? Challenges?

N/A

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

YES

Investment Info:

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

Purchase price: $4,187,000

53 total units (53 - 2bd/1ba 900sf Garden Style) The B class residential areas that these properties are located give a family community feel. By combining the properties, the Valley residents will have immediate access to the amenities at Dalton Beach Club
Dalton, GA is a submarket of Chattanooga, TN (Booming market) Average occupancy of 96% with less than 1% delinquency through the pandemic (Housing shortage) Major flooring manufacturing hub

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

N/A

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

Relationship

How did you finance this deal?

N/A

How did you add value to the deal?

VALUE ADD PLAN YEAR 1 CAPITAL EXPENSE BUDGET Renovate interiors of 32 units on Dalton Beach Club (91 of 155 units have partial upgrades)Renovate interiors of 20 units on The Valley Address the deferred maintenance Exterior upgrades which include new signage, playground and landscaping. YEAR 2 CAPITAL EXPENSE BUDGET Complete interior renovations of remaining 32 units on Dalton Beach Club and 12 units on The ValleySwimming Pool upgrade

What was the outcome?

Value-Add

Lessons learned? Challenges?

N/A

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

YES

Investment Info:

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

Purchase price: $20,623,000

240-unit, 3 property community Dalton sub-market of Chattanooga, Tennessee. Class B asset average rate of return (ARR) is anticipated to be over 21%! THE VALLEY AT MILL CREEK apartment community was built in 1985 and has 2 stories with 32 units.

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

20% + IRR

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

Relationship

How did you finance this deal?

N/A

How did you add value to the deal?

VALUE ADD PLAN YEAR 1 CAPITAL EXPENSE BUDGET Renovate interiors of 32 units on Dalton Beach Club (91 of 155 units have partial upgrades)Renovate interiors of 20 units on The Valley Address the deferred maintenance Exterior upgrades which include new signage, playground and landscaping. YEAR 2 CAPITAL EXPENSE BUDGET Complete interior renovations of remaining 32 units on Dalton Beach Club and 12 units on The Valley Swimming Pool upgrade

What was the outcome?

Value-Add

Lessons learned? Challenges?

N/A

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

YES

Investment Info:

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

Purchase price: $20,623,000

240-unit, 3 property community Dalton sub-market of Chattanooga, Tennessee. Class B asset average rate of return (ARR) is anticipated to be over 21%!
Dalton Beach Club is a 155-unit townhouse community with office built in 1986. Property beautiful community pool and a fenced in dog park next to an upgraded office. It is in a beautiful B+ area of Dalton, GA, and is close too many job opportunities including manufacturing and retail. The property is currently ~$250 below renovates market rents.

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

Class B IRR over 20%

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

Relationship

How did you finance this deal?

N/A

How did you add value to the deal?

VALUE ADD PLAN YEAR 1 CAPITAL EXPENSE BUDGET Renovate interiors of 32 units on Dalton Beach Club (91 of 155 units have partial upgrades)Renovate interiors of 20 units on The Valley Address the deferred maintenance Exterior upgrades which include new signage, playground and landscaping.

YEAR 2 CAPITAL EXPENSE BUDGET Complete interior renovations of remaining 32 units on Dalton Beach Club and 12 units on The Valley Swimming Pool upgrade

What was the outcome?

Value-Add in progress

Lessons learned? Challenges?

N/A

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

yes