CLEAR POINT GARDENS APARTMENTS
Clear Point Gardens is a 604-unit Class B/C apartment community in Columbus, Ohio. The property is located just 10 minutes away from the new Class A Easton Town Center, a 1.65 million sqft upscale shopping mall attracting over 22.5 million visitors per year. The neighborhood is seeing a rejuvenation driven by the Easton Town Center. A brand new $20M Kroger’s grocery store which will employ 300 employees opened in October 2016 adjacent to the property.
Clear Point Gardens is a 604-unit property offering a strong unit mix with 1,2 and 3-bedroom apartments. The north side of the property has 3-story buildings and the south side has 2-story buildings. The property has 7 onsite laundry facilities, 24-hour emergency maintenance and a community pool & playground. Apartment amenities include either a patio or a balcony, linen closets stove/oven, dishwasher and cable ready. Upgraded units are currently getting a $50 rent premium (currently 92 units are upgraded) and offer microwaves, new A/C, countertop replacement and/or countertop resurfacing, new appliances and updated cabinets. Townhomes have W/D hookups. Clear Point Gardens accounts for 41% of the submarket’s inventory offering the property market superiority and pricing power. Through moderate interior upgrades and additional amenities, we can increase rents, push revenue higher, and boost the resale value
THE PEANUT FACTORY LOFTS
SAN ANTONIO, TEXAS
Peanut Factory Lofts is a 102-unit new construction Class A multifamily investment opportunity strategically located in the rapidly growing San Antonio urban core. The historic building is located in close proximity to downtown San Antonio, employment opportunities, the downtown UTSA university campus and entertainment facilities.
Peanut Factory Lofts has a unique metropolitan layout and views that appeal to millennials and professionals. The Property has a good mix of studios, one, two and three-bedroom apartments. The historical silo building offers unique floor plans with one-bedroom curved walls, while the new buildings offers a variety of traditional floor plans with 2-story flats, 2 & 3-story townhomes and an exceptional penthouse with 3 individual decks with over 800 sq. ft. and spectacular views of downtown San Antonio. The average unit size is 944 sq.ft. Upscale amenities include a resort style pool and cabana, a fully equipped fitness facility, a grassy courtyard complete with fire pit and life-size games, dog park, and gourmet kitchens and urban interiors. We have budgeted upgrading all countertop kitchens with a black granite and stainless steel appliances, bringing the property to a higher level.
VILLA ESPADA APARTMENTS
San Antonio, TX
Villa Espada is a new Class A property located in the rapidly growing San Antonio Metro area. Located just one block from the Mission del Lago golf course and minutes from the Toyota Manufacturing Plant, CPS Energy Plant, Brooks City-Base and the growing Texas A&M University – San Antonio campus.
Built in 2015, Villa Espada is a new Class A construction consisting of 240 units in 12 buildings. The property offers luxurious and outstanding amenities like a sparkling pool with a tanning ledge, 24-hour fitness center, internet café/coffee bar, fire pit and a BBQ area. There is limited competition in other Class A properties within a 7 miles’ radius. Villa Espada will benefit from growth on the Southside and is the “best in class” property in the immediate area.
EAGLE POINT APARTMENTS
Eagle Point Apartments is a Class B property in located in Durham, NC. Eagle Point is situated in the heart of Durham. The property is in between Durham college and Research Triangle Park which employs thousands with high paying jobs. Built in 1966, Eagle Point Apartments are a class B property consisting of 223 units. The property is well maintained and positioned to elevate its marketability among competing properties with minor capital improvements. The property has undergone many upgrades from the prior owner without capturing increases in rents in an area experiencing significant market rent growth.