Case Study

Management Procedures for Increasing Profits

Opportunity: Stabilize a distressed community in Orlando, Florida; a city with impressive property prices, increasing rent appreciation, and below average cost of living.

Acquired: Oct. 2014

Cash on
Cash:

11%

Internal Return Rate:

25%

Equity Multiple:

2.4X

Total Capitalization:

11M

Challenge

Rolling Hills was a 240-unit property confronted by low occupancy, below-market rents, problem tenants, and neighborhood crime. These factors implicated a need for a creative and tactical approach to re-positioning.

Strategy

Upon takeover, problem tenants were immediately addressed, the Crime Free Housing Authority implemented, and improved site maintenance helped revitalize property health.

Outcome

Enhanced curb appeal, new management/protocol, and effective capital improvements drew in more favorable demographics and brought the property to stabilization.

• Rent appreciation by 190/door
• Expense reduction by 35%
• Occupancy at 96%
• Class reposition from C to B

Testimonial

“We knew that with a strategic rehabilitation plan, Rolling Hills would undergo a complete physical and financial transformation.”

CONTACT US

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