Updated: Oct 14, 2022
The real estate market continues to sizzle through this past year's volatility with the market and economy.
Our deal flow continues to compound on the existing portfolios we currently manage. Our most recent acquisition in Montgomery, AL, for KCAP RE FUND III has proven to be one of our most promising purchases in the history of our company.
We have a fantastic team in place, ready to execute the business plan we crafted during our laborious due diligence phase. The assets we purchased were under-managed, and with some simple implementation of stable leadership to the existing operations, we will see solid returns and overall upward asset appreciation.
We currently have 7 properties (all in major Texas markets) under contract to close in the next 60-90 days. The current overall purchase price of these portfolios is around $91M, with a total door count of 1,030. All of these have been managed with a “mom & pop” approach, and because of this, they suffered during the pandemic because they were not proactive in their asset management and protection. The consequences of this approach have given us a competitive advantage. Our refined property management and construction operations allow us to execute our strategy resulting in investment returns. This advantage allows us to purchase great assets at discounted price points off-market.
Our refined property management and construction operations allow us to execute our strategy resulting in investment returns.