Creekside on the Green Appartments
RealSource was established in 1989 with the central focus of helping investor clients insure their maximum profitability through RealSource’s “Prime-Time Investing” model.
About this Property
After already completing 3 successful equity raises through the RealCrowd platform, RealSource would like to present their 4th opportunity: Creekside On The Green Apartments, a value-add / value-recognition 296 unit class B multi-family community built in 1983 in Dallas, Texas.
- Value-Add / Value-Recognition Opportunity: Completing interior upgrades and bringing rents to market could add over $6.2m in value on this property to be acquired with $7m in equity.
- 8% Preferred Return with average annual cash returns ranging from 9.6% to 10.7%.
- Ideal Location: Creekside is located in the Garland submarket in northeast Dallas, currently one of the top rental markets in the nation with rents growing 8% in 2015, current occupancy over 98%, one of the strongest job growth markets in the country adding more than 100k jobs over the last year, and a population growth rate more than double the U.S., the highest seen in this MSA since the early 2000s.
- Short hold of 3 to 5 years. Once the value-add / value-recognition strategies are complete, in about year 3, the property will be sold or refinanced depending on the market outlook so as to capture the gains created from these strategies.
About this Sponsor
RealSource Equity Services
Salt Lake City, UT