Rental Apartmenets in Serenia Living, Palm Jumeirah, Dubai

We invested roughly $31.5 million in the acquisition of 18 units of two-, and three-bedroom apartments in Serenia Living, Palm Jumeirah, Dubai.

With this investment, we aim to earn consistent cash flow from rent payments while capturing what we believe will be strong price growth over the next couple of years. Thanks to the high influx of tourists driving the demand of luxury apartments in Palm Jumeirah.

The Avenue, London

Thanks to a combination of high-profile tech companies, new public transit, and a chronic undersupply of housing, we believe this area is positioned to experience outsized growth over the next Three to Five years.

339-unit apartment community in Raleigh, NC

We’ve invested roughly $9.2 million in the acquisition and renovation of Sterling Town Center, a 339-unit apartment complex in Raleigh, North Carolina. This project is one of the execution of our value-add apartment strategy, where we buy an existing community at an attractive price in an area with growth potential, and perform improvements aimed at increasing rents and property value.

At acquisition, the apartment complex was 94.7% occupied. Our partner anticipates completion of modern interior and exterior value-add finishes. Unit improvements are expected to include adding granite countertops, new cabinets and lighting, and replacing floors in units.

Rental home community near Dallas, TX

We’ve invested roughly $8.4 million to acquire 18 rental homes within the Ridgeview Villas community in Allen, Texas, about 40 minutes north of downtown Dallas, with plans to acquire an additional nine rental homes in the community upon completion of construction by next year.

At a strategic level, this investment fits within our affordably-priced Sunbelt apartment / rental housing thesis. From millennials to retirees, a broad group of Americans has been taking part in a migration from northern to southern states over the past decade, driving continued demand for well-priced, well-located real estate, and supporting steady returns for investors.

Mixed-use development outside DC

As a part of our broader strategy of investing in emerging urban areas, we’ve acquired a property in Brentwood, MD (close to the border of Washington, DC) for approximately $4.9 million. The DC area’s costly housing market continues to drive growth in neighboring suburbs, making this current industrial space attractive for potential future redevelopment into retail and residential uses.

This property is currently comprised of three industrial buildings and is positioned on a large 100,000 sq ft lot, giving it the potential to be redeveloped into a mixed-use project featuring as many as 200 apartments and 5,000 sq ft of retail. Our goal is to earn rental income from the current industrial tenants while we explore development opportunities.

Commercial renovation in South LA

As part of our broader strategy to invest in emerging urban areas, we’ve acquired a mixed-use building in the Jefferson Park neighborhood of South Los Angeles for approximately $3.8 million. We,ve also projected spending an additional $202,000 on renovations to lease up the space.

With this investment, we aim to earn consistent cash flow from rent payments while capturing what we believe will be strong price growth in South LA over the next couple of years. Thanks to a combination of tech, transit, and a chronic undersupply of housing, we believe this area is positioned to experience outsized growth very soon

Rental home community in Panama City, FL

We’ve invested $50.2 million to acquire Sunset Village, a community of 233 detached, single-family rental homes in Panama City, Florida, located along the Gulf of Mexico two-hours west of Tallahassee.

At the time of our acquisition, approximately 52% of the homes were occupied. The community consists of spacious 3-, 4-, and 5-bedroom homes, each with its own attached garage and pet-friendly, fenced yard. Given how recently construction of the community was completed, we anticipate that the homes will remain competitive, attract tenants, and support rent growth for the foreseeable future without significant capital needs for renovations. We expect to work with a professional property manager, and to be a long-term owner over the next several years to a decade.

South Los Angeles rental home

As part of our broader strategy of buying homes in high growth markets, we’ve directly acquired a four-bedroom, three-bathroom home in Los Angeles for roughly $734,000.

Following the completion of minor renovations, we intend to rent the property for three to five years before putting it on the market. The goal is to earn consistent cash flow from rent payments while capturing what we believe will be continued strong appreciation in home values in LA’s emerging neighborhoods.

10-Units of Single-Family Rental

We’ve invested roughly $6.53 million in the Ranch ThreeOFive Apartments, a 226-unit apartment community in Arlington, Texas, within the Mid-Cities region between Dallas and Fort Worth. This project is part of a four-asset portfolio we acquired in the area, which has experienced strong demand driven by some of the highest population and employment growth in the country.

At the time of our acquisition, the property was 97% occupied. Our partner, American Landmark Apartments, plans to complete interior renovations on all of the apartments and improve the clubhouse, pool area, and landscaping. We expect this value-add program to drive an increase in rental income, and consequently, the overall value of the property.