Our most recent acquisition. We are purchasing an existing 1800s built motel that will be completely redesigned and reimagined with the aim to become the #1 hotel destination in Nashville. Nashville is white hot right now and the bachelorette capital of the nation if not the world.
We are partnering with a nationally recognized and award winning hospitality designer and operator who was the Guy behind the #1 rated boutique hotel in the world by Conde Nast.
This was our second purchase in San Antonio after our previous success in the city.
A 292-unit property that although it was in good physical condition, having undergone an extensive rehab with the previous owners, we look to drive added value through our proven operational systems.
Newell Tower is a 1915 built Historic in downtown Chattanooga that was purchased from the city after remaining vacant for years.
We were able to secure the project for less than 1/3 of the cost to build a similar site. Newell will be brought back to life as micro offices and studio apartments on floors 2 through 9 with the ground floor and basement being home to local artisans and businesses
Under contract with a proposed close date of mid-July.
Very well maintained smaller property in a transitioning/gentrifying part of north Austin that we are able to pick up at a very good price.
We don’t typically buy things this small any more but being right down the street from one of our other larger properties we will be able to run Dryfield out of that sister properties office.
Located in North Austin, this was a 120 unit C-class property purchased in 2015.
Occupancy since take-over has averaged over 96% and has been profitable from the beginning.
This property was a medium term hold that sold after three years.
Our first acquisition in Austin, TX.
This 1984 construction was a fully stabilized asset, C property in a D+ neighborhood.
This property had deferred maintenance and an out of state owner. Built an onsite office with regular office hours and tightened up with property management.
This community was held for 2 1/2 years.
Let us know how we can help
Just drop your question here and Bruce will get back to you