Park Estates

Overview

This 100-unit Decatur property was sourced directly with the owner, and purchased prior to being brought to the broader buying market. During initial due diligence, the Sponsor identified serious operational and performance deficiencies that presented an excellent opportunity for repositioning. The neglected maintenance issues, lackluster turnover, and lack of capital investment had prevented this deal from realizing its full potential in the market.

A comprehensive repositioning strategy was implemented, including full exterior renovations and interior upgrades to 100% of the units. Enhancements featured stainless steel appliances, granite countertops, vinyl plank flooring, and brushed nickel fixtures. With professional management and hands-on oversight, the Sponsor successfully repositioned the asset, unlocking its market potential and delivering an impressive return to our investors.

Acquisition Metrics

Disposition Metrics