20181003_150821
West Town Apartments
Brittany Square
Cantera3
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Brittany Square1
Cantera4
Kitchen
West Town 1
Trailing Vines
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Gym
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MULTIFAMILY
  • Meadowbrook

    113 Units

    2141 S Swope Dr,

    Independence, MO 64057

    Sale Date: December 2020

  • The Hudson

    254 Units

    1401 S Cunningham St, Independence, MO 64050

    Sale Date: December 2020

  • Winner Place

    60 Units

    9528 E Winner Rd, Independence, MO 64053

    Sale Date: December 2020

  • Cantera 

    256 Units

    10555 Spice Ln,

    Houston, TX 77072

    Sale Date: June 2019

     

    Cantera Apartments is conveniently located to shopping centers, dining, and entertainment in Southwest Houston, leasing 1, 2 and 3 bedroom apartments. Our community offers a playground, one block from elementary school in Alief School District, on Metro bus line, townhomes available, and swimming pool.

  • Compass Pointe

    250 Units

    5050 Yale St 

    Houston, Texas 

    Purchase Date: February 2013
    Sale Date: April 2015
    Projected ROE: >200%

    A 250 unit Class C property in a low-income area of north central Houston. The asset was only 73% occupied at acquisition. Renovations of $3000/unit included bringing 65 down units on line, remodeling 70% of the previously occupied units, installation of playground and soccer field, and club house remodel. Increased collections 70% during ownership, and achieved in excess of a 200% Return on Equity when sold at stabilization. 

  • Logans Pointe

    256 Units

    3700 Garth Road

    Baytown, Texas 

    Purchase Date: June 2014
    Sale Date: Holding
    Projected ROE: 100%

    Class B REO sold by FNMA in the Baytown submarket of Houston. Baytown is proximate to the Houston Petrochemical Refineries, and the Port of Houston, and the center of much economic activity. Due to Seller’s unwillingness to fund make-ready and rehab costs, the property had 44 vacant units at closing of acquisition, and was 83% occupied. Urban SW is implementing a comprehensive capital investment program that includes interior upgrades, rehabbing parking lot and pedestrian pathways, new landscaping, installing a playground and soccer field and installing new roofs in selected buildings. The available units were made-ready and leased-up during the first 6 months of ownership and the property is already meeting 3rd year collections estimates. The plan is to refinance or sell that asset when the renovations are completed.

  • Royalgate Timberwood

    122 Units

    1711 Gessner
    Houston, Texas  

    Purchase Date: May 2013
    Sale Date: 4 Qtr. 2014
    Projected ROE: >100%

    A 122 unit Class C property in a good sub-market (Spring Branch) in west Houston. The Property was 75% occupied, and had been neglected for 6 years prior to acquisition. The property suffered from deferred maintenance, and had developed a weak tenant base. USW renovated the property at a cost of $5000/ unit; including new chiller, interior rehab of some 70 units, landscaping, partial re-roof, and upgrades required by the City for Code Compliance. Occupancy has increased to about 95%.

  • Ravenwood

    232 Units

    7964 Ameila Road
    Houston, Texas 

    Purchase Date: September 2011
    Sale Date: May 2013

    ROE: 35%

    A 232-unit Class-C property located in Spring Branch, a middle class neighborhood in West Houston. The property was extremely run down, many buildings had water damage from Hurricane Ike and there was deferred maintenance everywhere. Additionally, there were 8 burned units. The project had been foreclosed and was being sold by the lender, Lehman Brothers.

  • Hammerly Oaks

    520 Units

    8791 Hammerly Blvd
    Houston, Texas   

    Purchase Date: Feb 2013
    Sale Date: May 2013

    ROE: 141%

    This was a Class B asset in B- area of Spring Branch. Property was over levered and was in maturity default, resulting in owner losing asset. Lack of funds for make readies and marketing resulted in occupancy below 80%. Invested just under $2,000 per unit in renovation costs. Sold in May of 2013 for a very high overall return of 141%.

  • Ryan's Pointe

    280 Units

    19606 Park Row
    Houston, Texas 

    Purchase Date: March 2010
    Sale Date: May 2013

    ROE: 61%

    Short Sale of B- property in B+ area that was approximately 76% occupied. Tough tenancy and high degree of deferred maintenance at acquisition. Renovated exterior and club house, and substantially upgraded tenancy. Sold in May 2013 for a 61% return on equity.

  • Ridgestone

    105 Units

    8710 Fondren Road
    Houston, Texas 

    Purchase Date: December 2010
    Sale Date: Summer 2012

    ROE: 71%

    Short Sale in Southwest Houston. Asset was only 70% occupied at acquisition. Invested $3,857/ unit rehab, that included bringing 25 down units on line, turning 80% of the occupied units, wood repair, paint, playground, club house remodel, and parking lot repair. Property was fully leased within 7 months of purchase, and collections were increasing each month. Sold in the Summer of 2012, achieving a 71% Return on Equity over a 20 month hold period.

  • La Casita

    626 Units

    313 Sunnyside Street
    Houston, Texas  

    Purchase Date: March 2010
    Sale Date: November 2013

    ROE: 163%

    HUD foreclosure. Class C property in C area. 80% occupied at closing. $3,300/ unit rehab included 1/3 new roofs, interior rehab of 500 units, new clubhouse, wood repairs, paint, and landscape. Increased collections over 50% during ownership. Was 95% leased when sold in November 2013 for a 163% return on equity.

  • Avalon

    107 Units

    1925 Moser Ave
    Dallas, Texas 

    Purchase Date: May 2011
    Sale Date: May 2013

    ROE: 122%

    A 268 unit Class-B apartment community in East Houston, TX. The property had been foreclosed and was owned by the lender, Fannie Mae. Although the neighborhood was challenging, the acquisition price was extremely low. Occupancy was 80% at acquisition. The property was in good physical condition, but suffered primarily from poor management. Ownership removed the existing third party management company and replaced them with their own employees. As a result, economic vacancy was lowered considerably.Rehab of $1,500/ unit for primarily make ready of down units, and plumbing repairs. Sold May of 2013, more than doubling investor's equity

  • Anchorage

    264 Units

    451 Constellation Boulevard
    Houston, Texas 

    Purchase Date: Agust 2009

     

    Anchorage Apartments is a 264 unit multifamily housing community in League City, Texas. Built in 1983, it is situated on Clear Lake, one of the premier recreational areas of Houston. The property has received numerous capital repairs and upgrades in the last 3 years and is in good physical condition. The community has excellent amenities including its waterfront location with 52 boat slips. Occupancy at acquisition was 92%.

     

    Results:

    The purchase was financed with a 10 year fixed loan with FNMA. Additionally, the property is being operated locally by one of the invested partners who specialize in multifamily deals. It is expected that annual cash on cash returns to investors will range from 12% to 15% and that a compounded IRR of 23% will be achieved over a 4-year hold

  • Los Colores

    161 Units

    1516 N. Peak St
    Dallas, Texas 

    Purchase Date: 2010
     

  • Annex Manor

    162 Units

    1511 Annex Ave #102
    Dallas, Texas 

    Purchase Date: 2010
     

  • Crofton Place

    268 Units

    9555 Crofton
    Houston, Texas 

    Purchase Date: May 2011
    Sale Date: May 2013

    ROE: 122%

    A 268 unit Class-B apartment community in East Houston, TX. The property had been foreclosed and was owned by the lender, Fannie Mae. Although the neighborhood was challenging, the acquisition price was extremely low. Occupancy was 80% at acquisition. The property was in good physical condition, but suffered primarily from poor management. Ownership removed the existing third party management company and replaced them with their own employees. As a result, economic vacancy was lowered considerably.Rehab of $1,500/ unit for primarily make ready of down units, and plumbing repairs. Sold May of 2013, more than doubling investor's equity