RECENT CLOSINGS
Springfield Portfolio
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In December 2024, Fund V closed on the purchase of 158 apartments in two nearby locations in Springfield, Missouri. These are our first assets in the market and the newest vintage we have purchased. We plan to update apartment interiors with new cabinets, appliances, light fixtures, and flooring to provide local renters with moderately priced, upgraded apartment options. We are excited to begin the improvements in first quarter 2025!
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Woodland Terrace
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In July 2024 we closed on the purchase of 152 exceptionally well-located apartments in Tulsa, Oklahoma in Fund VI. The property was previously operated as Independent Living senior apartments. A cosmetic renovation of the property is currently underway to improve common areas and apartment interiors. All interior electrical panels have been replaced, and parking lot expansion is expected to begin in September. The property will be rebranded to Huntley Ridge Apartments, and we expect preleasing to begin shortly!
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Summit Springs
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In July 2024, Fund VI closed the purchase of 30 fully developed residential building lots in addition to partially developed ground platted for 34 additional lots in St. Clair, Illinois. The property is under an option sale agreement with an experienced builder we have worked with in several other successful new home communities. We anticipate beginning to sell lots before the end of the year.
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