Since 2016, we have been actively investing in commercial real estate, successfully executing the full investment life cycle—from acquisition through disposition—across multiple projects, with a primary focus on the Texas market.

We love what we do.

  • S9 LOCUST 52 UNITS 2012 (REFI)

  • S9 HEIGHTS 77 UNITS 2009 (REFI)

  • VICTORIA VILLAGE 34 UNITS 2009 (REFI)

  • S9 ADAGIO 58 UNITS 2014 (REFI)

  • VICTORIA STATION 80 UNITS 2012 (REFI)

  • S9 TERRACE 24 UNITS 2013 (REFI)

  • 16TEN EAST 308 UNITS 1983 (REFI)

  • VILLAS OF PARKHAVEN 256 UNITS 1997 (SOLD)

  • HERITAGE HILL 200 UNITS 1979 (SOLD)

  • IRON LANDINGS 309 UNITS 1985 (SOLD)

  • WYNDHAM POINTE 200 UNITS 1977 (SOLD)

  • MADISON PARK 140 UNITS 1978 (SOLD)

  • OASIS SPRINGS 154 UNITS 1979 (SOLD)

Our Key Underwriting Assumptions

  • Fairly stabilized operations with limited deferred maintenance.

  • Strong in-place cash flows with rents below market averages.

  • Markets with limited supply and high population density.

  • Assuming growing operating expenses (payroll, insurance, taxes), healthy capex reserves, potential higher turnover costs.

  • Ability to drive other income through additional services for residents (cable/internet, W/D rentals, storage/parking, utilities reimbursement, credit enhancing programs and others.

  • Operational efficiencies through improved management, water conservation programs and preventative maintenance.

  • Class B / C apartment complexes in emerging workforce housing markets.

  • Strong population and job growth fundamentals.

  • 25 - 250 units for optimal scale and operational efficiency (depending on infrastructure and access).

  • 1980 - new construction with value-add potential and low cost basis (well below replacement cost).

  • Focus on stable cash flows, conservative leverage and diversified tenant base with affordable rent levels.

  • Target 3-7 year hold with strong appreciation potential to deliver results to our capital partners.

Our Investment Criteria