Case Study

Texas Re- Entry Acquisition

Property: Cranbrook Forest
Acquired: July 2018

Opportunity:
Value-add acquisition bustling Houston market. Houston multifamily has continued to show strong appreciation and momentum with occupancy, absorption, rental rates, and job growth on a positive slope year after year.

Total Capitalization

18M

Cash on Cash

11.5%

Internal Return Rate

19.2%

Equity Multiple

2.1X

Challenge

Lack of effective property management and financing difficulties resulted in a need to sell.

Execution

Through implementing a hands-on approach, capital improvements and new property management takeover took less than six months to complete.

Outcome

Foothold in Texas

Testimonial

“Texas offers a myriad of strong investment opportunities. Despite the devastation from Hurricane Harvey and economic struggles due to the oil industry slump, Texas is known for housing many innovative technology companies and will most definitely continue to grow.”

SVP of Business Development, Michael Davalos

MICHAEL DAVALOS

SVP of Business Development

CONTACT US

(786) 295-9568
BIZDEV@TZ-M.COM
11098 Biscayne Blvd, Miami, FL 33161