Century Towers, KC MO
Redevelopment of an old hospital. Converted every other former patient room to 1- and 2-bedroom apartments. The project consists of a total of 247 apartments primarily used for student housing across the street from The Kansas City Osteopathic Medical School. Common areas, offices, surgical suites, and cafeteria were renovated to group and private study areas, common areas for recreation, a coffee shop, pet day spa, and loft style apartments. Professional Property Management offices are on site.
Argyle on 12th, KC MO
Downtown Kansas City, MO: Redevelopment of a Deco Era office building that had been vacant for ten years. Renovations now accommodate 117 apartment units in Loft style. Amenities include 1-, 2- and 3-bedroom loft style apartments, common areas, pet spa, private garage parking, roof top lounge and exterior roof top patio. Professional Property Management offices are on site.
Summerset Apartments, Independence, MO
Redevelopment of a high vacancy garden style apartment complex consisting of 280 each 1, 2 and 3 bedroom units. On site amenities include and indoor/outdoor pool, gym, BBQ & picnic areas, dog park and covered parking.
The Plato Project, LLC: Plato, MO
Complete redevelopment of duplex and triplex units consisting of 18 each 1, 2 and 3 bedroom accommodations. The rural setting is six miles south of the South Gate of FT Leonard Wood an US Army installation home of the Army Basic Training, Military Police School, Military Engineers School and Chemical Warfare School. The country setting is perfect for families to be off post while enjoying a quiet, country setting. Managed by Maximum Property Rentals.
52 Lake Apartments: Lakewood OH
52-unit Apartment Complex, acquired in May 2021
Purchase Price: $3,000,000
Capital Improvements: $250,000
NOI: $329,000
Cap Rate: 6.25%
Stabilized Value: $5,000,000
Equity: $1,400,000
Projected Refinance Proceeds: $350,000
Projected Cash Flow: $101,000
Northwest Albany Apartments: Albany GA
407-units, 3 Apartment Complexes, acquired in December 2018
Purchase Price: $14,611,000
Capital Improvements: $1,017,500
NOI: $2,221,497
Cap Rate: 14%
Stabilized Value: $30,640,000
Equity: $14,740,000
Refinance Proceeds: $5,548,000
Cash Flow: $760,000
708 S Holden: Warrensburg, MO
41 unit Fraternity House Redevelopment
Purchase Price: $350,000
Capital Improvements: $1,450,000
NOI: $160,000
Cap Rate: 7.50%
Stabilized Value: $2,133,000
Equity: $1,033,000
Refinance Proceeds: $300,0000
Projected Cash Flow: $40,000
1550 South Gate: Plato, MO
18 unit Redevelopment w/ 22 storage units
Purchase Price: $930,000
Capital Improvements: $86,000
NOI: $108,000
Cap Rate: 8.0%
Stabilized Value: $1,350,000
Equity: $278,000
Refinance Proceeds: $56,000
Cash Flow: $26,000
170 Valley Apartments: Cleveland, OH
170 unit Apartment Complex, acquired in December 2021
Purchase Price: $9,000,000
Capital Improvements: $1,100,000
NOI: $862,000
Cap Rate: 5.75%
Stabilized Value: $14,150,000
Equity: $3,183,000
Projected Refinance Proceeds: $286,150
Projected Cash Flow: $240,000
Comfort and Love Senior: Wichita, KS
24 bed Residential Assisted Living
Purchase Price: $3,600,000
Capital Improvements: $200,000
Stabilized Value: $5,700,000
Equity: $1,900,000
Projected Refinance Proceeds: $221,000
Projected Cash Flow: $354,000
In Development Comfort and Love Senior Care: Homes Columbia, MO
36 Beds of Residential Assisted Living w/ 21 Independent Living Townhomes
Purchase Price: $1,845,000
Improvements: $11,155,000
Projected NOI: $1,584,000
Cap Rate: 7.0%
Stabilized Value: $22,628,000
Equity: $5,628,000
Projected Refinance Proceeds: $800,000
80 Maple Apartments: Cleveland, OH
80-unit Apartment Complex, acquired in September 2020
Purchase Price: $3,745,000
Capital Improvements: $350,000
NOI: $380,000
Cap Rate: 9%
Stabilized Value: $6,100,000
Equity: $1,500,000
Projected Refinance Proceeds: $150,000
Projected Cash Flow: $110,589
Heights Apartments: Cleveland Hts & Shaker Hts, OH
164-unit Apartment Complex, acquired in August 2019
Purchase Price: $9,200,000
Capital Improvements: $410,000
NOI: $924,000
Cap Rate: 6.5%
Stabilized Value: $14,250,000
Equity: $4,220,000
Projected Refinance Proceeds: $800,000
Projected Cash Flow: $217,400
Westwind Apartments: Albany, GA
200-unit Apartment Complex, acquired in April 2019
Purchase Price: $5,350,000
Capital Improvements: $1,500,000
NOI: $804,694
Cap Rate: 11.3%
Stabilized Value: $11,500,000
Equity: $4,375,000
Refinance Proceeds: $1,500,000
Cash Flow: $217,032
Crosby Park Apartments: Lawton, OK
216-unit Apartment Complex, acquired in May 2019
Purchase Price: $6,170,000
Capital Improvements: $1,193,750
NOI: $737,659
Cap Rate: 9.8%
Stabilized Value: $10,540,000
Equity: $2,990,000
Refinance Proceeds: $360,000
Cash Flow: $213,507
(573) 442-2727
1312 Westview Terrace, Columbia MO Missouri 65203
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