Since the takeover, achieved premiums of $86 per door with occupancy rates at>93%. Refinance Within 12 months to return 110%. Valuation double since we bought. IRR > 40%.
Boston Woods Apartments
800 Gentleman Rd, San Antonio, 78201
Equity raised from 30 Investors.
Value increase from 39K/door (6.9m) to 74K/door (12.7m) within 12 months. Cashed out 117% within 12 months. Still have 50% interior unit to go.
The SOL Apartments
6945 Interstate 10 Frontage Rd, San Antonio, TX 78213
Equity raised from 20 Investors.
Within 3 months hit 12 months Proforma target. Expect to refi more than 90% within 12 months. Annual CoC returns over 8% and IRR above 30%
Who We Are
Approximately 800 units with 3 assets for $56m under management. Multifamily investment firm dedicated to acquiring and operating properties with significant value-add components located in high growth top tier US MSA’s
Identify and acquire value add multifamily investments with high return / low riskratio.
Buy off Market, Rehab, Rent ,Refinance and Repeat Strategy to get highest ROI.
Control the entire Investments pipeline such as deals sourcing, Property, Asset and
Construction Management. Complete control of pipeline enables Quick Turnaround of Rehab and Operation. Specialist in off Market Acquisition strategies to get the best deals in hot market.
Targeting major MSA’s with strong multifamily economic conditions. Class B & C value-add workforce housing properties of 100 units or greater. Target projected average cash on cash returns of 8 to 10% with IRR of over 20%
Over 10 years combined experience in real estate investments. Communicate Monthly to Investors and distribution profit quarterly once property is stabilized and rehab completed.
Buy only Deals that have strong upside , good market, good location
We only source deals off market either by connecting directly with sellers or through Brokers pocket listings
Reposition the property to increase the value, change demographic and /or increase Income
This is part of Adding Value to increase Net Operating Income (NOI) of the investment
Refinance to cash out tax deferred portion of the investment
Usually we refinance from short term bridge or Bank loan to long term non-recourse gency (Fannie Mae or Feddie Mac) loans
Keep the property to acquire continuous tax deferred Cash flow
Strong Property management is emphasized here. We usually do in house property management through Achieve Properties Property management Company.
Solid expertise to support execution
Principal - Director of Acquisition, and Investor Relations
Over 5 years of experience in real estate with more than 3 years in multifamily acquisitions and asset management.
Expertise in finding value in Multifamily opportunities.
Identified, underwrote and oversaw the acquisition process of over $25m of quality multifamily investments (3 Assets)
Ran the execution of each business plan in the portfolio.
Average IRR in portfolio more than 20%
Bachelor of Science in Electrical Engineering(Hons) from Science University of Malaysia and MBA from the University of South Adelaide (Australia).
Principal - Director of Property and Construction Management
Manage more than $26m of property management. Construction management of more than $3 million in Texas.
Texas licensed commercial realtor since February 2011. Closed more than $26 million of Commercial and Residential transactions.
Regional manager for Staff of 7 Property Management and Maintenance staffs in Texas.
Master Interior and Exterior Renovator for large Multifamily complexes.
Austin Apartment Association Certificate of Apartment Management