Lease-up and Stabilization


The Challenge


arrowPortfolio consists of 5 buildings built in the 1930's & 1940's scattered throughout the palmer park area 


arrow45% physical occupancy & 30% economic occupancy at take-over


arrowForeclosure situation with uncooperative former owner


arrowOver 25 units down from tremendous plumbing, HVAC and roof issues


arrowLimited cash available outside of operating revenues


arrowDrug and Insect infestations


arrowOutrageous water and gas bills   



The Solutions



arrowTook control of community with clear presence, enforcement of policy and aggresive collection techniques 


arrowAffordably replaced over 20, 5 story drain stacks with countless supply line and fixture leaks


arrowWorked with local police to eradicate drug issue


arrowAggressive marketing and leasing plan complemented with quality unit turns and a motivated site staff 


arrowImplemented modern boiler controls to take down gas bill


The Results

arrowAchieved 90%+ physical occupancy in 6 months, requiring over 110 move-ins


arrowIncreased collections to 95% of rent roll in 6 months 


arrowBrought 100% of units online including 25 down units 


arrowIncreased resident quality and created a stable popluation


arrowMinimized gas and water usage with major plumbing repair and modern control systems


arrowTook property from low occupancy and inconsistancy to sustainability and profitability


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Contact Us Today to Maximize your Investments!