Twitter/X

Company buys and gut-renovates older apartment buildings and also builds new…

Brief

The Dallas-based multifamily operator acquires and gut-renovates older apartment properties and constructs new buildings using tax-efficient structures, focusing on Texas markets with favorable economic tailwinds. Operating since 2011, the team has exited 27 deals without a loss, manages 8,000 units, handles most construction internally, and plans to remain in this business long-term.

Why it matters

Company buys and gut-renovates older apartment buildings and also builds new multifamily properties using tax-efficient structures in Texas.

Key details

  • Firm has operated since 2011, exited 27 deals without a loss, manages 8,000 units, performs most construction in-house, and holds assets long-term with aligned investors.
Source evidence

We buy old apartment buildings and gut renovate them

We build new buildings in tax efficient structures

We do both those things in Texas with economic tailwinds and neighborhoods in the path of progress

We hold for a long period of time with aligned investors

Have been doing it since 2011. Have exited 27 deals without a loss. We manage 8,000 units and do most of the construction ourselves.

This is the business we will remain in for the rest of our careers and we have a great team surrounding us