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Case Studies

September 1, 2019

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Multifamily Case Study: 107 Units in Orlando, FL

This property is situated on the shores of a popular lake in a prime resident...

107 UNITS

Overview: This property is situated on the shores of a popular lake in a prime residential location within the desirable Orlando MSA.  It offers easy access to downtown Orlando as well as to Disney and Universal.  It also provides easy access to the Route 4 corridor which provides direct access to both the Tampa Bay area as well as the Daytona Beach area.

The property was originally completed in 1999 and consists of 107 Units located in 12 buildings within a park like setting.  The area features walking trails, kayak and SUP water access and 500 feet of lake frontage.  Renters also have full use of a recently updated 1,200 square foot fitness center and a luxury pool/sundeck area.  The property is gated for privacy and security.  

This property features a mix of large units ranging in size from 1100 – 1350 square feet, with 60 2br/2bath units and 47 3br/2 ½ bath units.  The larger unit size is in high demand and is a major draw for families.  

Repositioning:  The property will be acquired for $16.4 Mil. Our research indicates that the units are lacking in certain amenities common to other comparable properties.  To cure this deficiency, we will invest another $470,800 into light improvements that are designed to move the units into a higher rental level. The improvements will be staged in conjunction with normal lease turn over so as not to impact the current income production.  

The current rental rate is $1.21 per square foot.  Our market research indicates that upon completion of the improvements we will be able to increase rents to $1.41 per square foot yielding an additional $342,522 in rental income.  Because of the size of the units, quality of the property and the planned improvements the units should be rapidly absorbed into the market.

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August 3, 2021

5 min read

Creating a Diversified Portfolio: Success Strategies

When it comes to investing, the notion of diversification is nothing new...

When it comes to investing, the notion of diversification is nothing new. Most investors know the wisdom behind not putting all their eggs in one basket. Yet, when it comes to real estate, this diversification often falls by the wayside. Many investors branch out into real estate, invest in a single asset, and believe they've achieved diversification. However, this approach misses the wealth of opportunity that real estate investment truly offers. Today, we'll discuss diversifying private equity real estate investments and why it's essential to your portfolio's overall success.

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