M2 Portfolio

Montgomery, AL

393-unit Value-Add Investment

Acquired January 2021

The M2 Portfolio is comprised of two contiguous properties, Villas at the Curve (264 units) and Eagle Landing (129 units), built in 1986 and 1984, respectively. The properties present a substantial value-add opportunity: Eagle Landing was effectively 100% vacant at acquisition, and Villas at the Curve had 180 classic units remaining. The team plans to bring Eagle Landing back to an operational state while also renovating 75% of the classic units at Villas at the Curve.

Woods at Ridgeway

Memphis, TN

568-unit Value-Add Investment

Acquired January 2020

Built in 1987-1989, this large property has plenty of green space but was in need of some significant improvements in both management and renovations. With occupancy below 50% at acquisition, this heavy Value-Add property has significant upside for investors and residents alike. The sponsors have had successes repositioning such properties in the same market in the past, and we will work diligently with our onsite property management team and construction crew to implement planned improvements.

Magnolia Terrace

Montgomery, AL

176-unit Hybrid Investment

Acquired December 2019

Built in 1986, this property was already positioned to cash flow at acquisition. Improvements to the interior and exterior will further increase the value of the property and improve the tenant experience. Planned exterior improvements include converting the tennis courts to a dog park and playground, refinishing the pool deck, refreshing the BBQ grill area with a stone grill and pergola, etc. Interior improvements will be performed as needed, including updated flooring, painting, lighting, cabinets, and appliances.

Retreat at Stone Mountain

Stone Mountain, GA

212-unit Value-Add Investment

Acquired April 2019

Tres Palms

Forth Worth, TX

168-unit Value-Add Investment

Acquired November 2018

Moberly Mobile Home Park

Moberly, MO

77-pad Development Investment

Acquired September 2018