Asset Portfolio

browse our portfolio of commercial real estate assets and review their performance

Asset Portfolio

browse our portfolio of commercial real estate assets and review their performance

Columbus Portfolio – 194 MF Units

LPs / Limited Partners

Increase NOI by stabilizing NOI. Classic unit renovation and increased amenities

Location: Columbus, OH

Property type: MF

# Units: 194

Year build: 1971

Going in CAP rate: 7.26%

Rehab Budget: 1.3M

CoC: 7.70%

IRR: 23.50%

EM: 2.15

Diamond Ridge Apts – 336 MF Units

LPs / Limited Partners

Workhouse housing. NOI stabilization by completing deferred maintenance and lender-required repairs. Increase of rents to market rate.

Location: Winston Salem, NC

Property type: MF

# Units: 336

Year build: 1960

Going in CAP rate: 4%

Rehab Budget: 2.3M

CoC: 11.95%

IRR: 15.11%

EM: 2.48

Columbus Portfolio – 194 MF Units

LPs / Limited Partners

Increase NOI by stabilizing NOI. Classic unit renovation and increased amenities

Location: Columbus, OH

Property type: MF

# Units: 194

Year build: 1971

Going in CAP rate: 7.26%

Rehab Budget: 1.3M

CoC: 7.70%

IRR: 23.50%

EM: 2.15

Diamond Ridge Apts – 336 MF Units

LPs / Limited Partners

Workhouse housing. NOI stabilization by completing deferred maintenance and lender-required repairs. Increase of rents to market rate.

Location: Winston Salem, NC

Property type: MF

# Units: 336

Year build: 1960

Going in CAP rate: 4%

Rehab Budget: 2.3M

CoC: 11.95%

IRR: 15.11%

EM: 2.48

Uptown Cole Park – 179 MF Units

LPs / Limited Partners

Class A asset, high occupancy. The business plan includes optimization of current amenities, smart technology package implementation, and rent outdoor community areas improvements.

Location: Dallas, TX

Property type: MF

# Units: 179

Year build: 2016

Going in CAP rate: N/A

Rehab Budget: 900k

CoC: 5.50%

IRR: 20%

EM: 2

Montebello Gardens & Bella Capri – 155 MF Units

LPs / Limited Partners

Workhouse housing. NOI stabilization by completing deferred maintenance and lender-required repairs. Increase of rents to market rate.

Location: Houston, TX

Property type: MF

# Units: 155

Year build: 2013 / 1973

Going in CAP rate: N/A

Rehab Budget: 1.06M

CoC: 8.70%

IRR: 15-60%

EM: 1.8

Uptown Cole Park – 179 MF Units

LPs / Limited Partners

Class A asset, high occupancy. The business plan includes optimization of current amenities, smart technology package implementation, and rent outdoor community areas improvements.

Location: Dallas, TX

Property type: MF

# Units: 179

Year build: 2016

Going in CAP rate: N/A

Rehab Budget: 900k

CoC: 5.50%

IRR: 20%

EM: 2

Montebello Gardens & Bella Capri – 155 MF Units

LPs / Limited Partners

Workhouse housing. NOI stabilization by completing deferred maintenance and lender-required repairs. Increase of rents to market rate.

Location: Houston, TX

Property type: MF

# Units: 155

Year build: 2013 / 1973

Going in CAP rate: N/A

Rehab Budget: 1.06M

CoC: 8.70%

IRR: 15-60%

EM: 1.8

Mueller City View – 138 MF Units

Sponsors / General Partners

Workhouse housing. NOI stabilization by completing deferred maintenance and lender-required repairs. Increase of rents to market rate. 9 fire damage units at purchase for full renovation & upgrade.

Location: Austin, TX

Property type: MF

# Units: 138

Year build: 1978 / 1983

Going in CAP rate: 4.40%

Rehab Budget: 3.2M

CoC: 8.90%

IRR: 15-60%

EM: 1.8

Augusta North Houston – 212 MF Units

Sponsors / General Partners

Class A asset, high occupancy. The business plan includes optimization of current amenities, smart technology package implementation, and rent outdoor community areas improvements.

Location: Houston, TX

Property type: MF

# Units: 212

Year build: 2010

Going in CAP rate: 4.30%

Rehab Budget: 1.2M

CoC: 8%

IRR:16%

EM: 1.8

Mueller City View – 138 MF Units

Sponsors / General Partners

Workhouse housing. NOI stabilization by completing deferred maintenance and lender-required repairs. Increase of rents to market rate. 9 fire damage units at purchase for full renovation & upgrade.

Location: Austin, TX

Property type: MF

# Units: 138

Year build: 1978 / 1983

Going in CAP rate: 4.40%

Rehab Budget: 3.2M

CoC: 8.90%

IRR: 15-60%

EM: 1.8

Augusta North Houston – 212 MF Units

Sponsors / General Partners

Class A asset, high occupancy. The business plan includes optimization of current amenities, smart technology package implementation, and rent outdoor community areas improvements.

Location: Houston, TX

Property type: MF

# Units: 212

Year build: 2010

Going in CAP rate: 4.30%

Rehab Budget: 1.2M

CoC: 8%

IRR:16%

EM: 1.8

Morganton Storage – 84 SS Units

JVs / Joint Venture

Location: Morganton, NC

Property type: SS

# Units: 84

Year acquired: 2021

Flint at 290 – 192 MF Units

LPs / Limited Partners

Workhouse housing. NOI stabilization by completing deferred maintenance and lender-required repairs. Increase of rents to market rate.

Location: Houston, TX

Property type: MF

# Units: 192

Year build: 1984

Going in CAP rate: 5.50%

Rehab Budget: N/A

CoC: 8%

IRR: 16%

EM: 2

Morganton Storage – 84 SS Units

JVs / Joint Venture

Location: Morganton, NC

Property type: SS

# Units: 84

Year acquired: 2021

Flint at 290 – 192 MF Units

LPs / Limited Partners

Workhouse housing. NOI stabilization by completing deferred maintenance and lender-required repairs. Increase of rents to market rate.

Location: Houston, TX

Property type: MF

# Units: 192

Year build: 1984

Going in CAP rate: 5.50%

Rehab Budget: N/A

CoC: 8%

IRR: 16%

EM: 2

Lawrenceville – 23 MF Units

LPs / Limited Partners

High occupancy, long-term residents. The business plan included external improvements, improve curb appeal, and amenity additions.

Location: Pittsburg, PA

Property type: MF

# Units: 23

Year build: 1881

Going in CAP rate: 4%

CoC: 7.70%

IRR: 36.06%

EM: 1.87

Thunder Mountain Hotel Conversion – 65 MF Units

LPs / Limited Partners

Convert from 100 Motel Rooms to 65 Units. Complete conversion within 12 months. Lease up to be completed, RUBS implementation. Refinance at 2 and 4 years of holding.

Location: Sierra Mesa, AZ

Property type: MF

# Units: 65

Year build: 1972 / 2021

Going in CAP rate: N/A

Rehab Budget: N/A

CoC: 8%

IRR: 17.90%

EM: 2.34

Lawrenceville – 23 MF Units

LPs / Limited Partners

High occupancy, long-term residents. The business plan included external improvements, improve curb appeal, and amenity additions.

Location: Pittsburg, PA

Property type: MF

# Units: 23

Year build: 1881

Going in CAP rate: 4%

CoC: 7.70%

IRR: 36.06%

EM: 1.87

Thunder Mountain Hotel Conversion – 65 MF Units

LPs / Limited Partners

Convert from 100 Motel Rooms to 65 Units. Complete conversion within 12 months. Lease up to be completed, RUBS implementation. Refinance at 2 and 4 years of holding.

Location: Sierra Mesa, AZ

Property type: MF

# Units: 65

Year build: 1972 / 2021

Going in CAP rate: N/A

Rehab Budget: N/A

CoC: 8%

IRR: 17.90%

EM: 2.34

Meadows on Merrill – 200 MF Units

Sponsors / General Partners

Workhouse housing. NOI stabilization by adding a dog park, soccer park, and other community amenities. The business plan also includes upgrades on classic units.

Location: Duncanville, TX

Property type: MF

# Units: 200

Year build: 1970

Going in CAP rate: 3.70%

Rehab Budget: 1.3M

CoC: 8%

IRR: 15%

EM: 1.9

Newell Mobile Home Park – 26 Lots

JVs / Joint Venture

Location: Uvalde, TX

Property type: MHP

# Lots: 26

Year acquired: 2021

Meadows on Merrill – 200 MF Units

Sponsors / General Partners

Workhouse housing. NOI stabilization by adding a dog park, soccer park, and other community amenities. The business plan also includes upgrades on classic units.

Location: Duncanville, TX

Property type: MF

# Units: 200

Year build: 1970

Going in CAP rate: 3.70%

Rehab Budget: 1.3M

CoC: 8%

IRR: 15%

EM: 1.9

Newell Mobile Home Park – 26 Lots

JVs / Joint Venture

Location: Uvalde, TX

Property type: MHP

# Lots: 26

Year acquired: 2021

DeRosa Portfolio – 670 MF Units

Sponsors / General Partners

Workforce housing, value add assets, located in two thriving markets. Experienced team with successful performance in those markets. Large portfolio with economies of scale and cost optimization. *(projected returns)

Location: Lexington, KY

& Winston Salem, NC (5 Properties)

Property type: MF

# Units: 670

Year acquired: 2022

CoC: 8% – 10%

IRR: 13% – 16%

EM: 2.5 – 3.0

Longview Storage LLC – 134 SS Units

JVs / Joint Venture

Location: Longview, TX

Property type: SS

# Units: 134

Year acquired: 2022

DeRosa Portfolio – 670 MF Units

Sponsors / General Partners

Workforce housing, value add assets, located in two thriving markets. Experienced team with successful performance in those markets. Large portfolio with economies of scale and cost optimization. *(projected returns)

Location: Lexington, KY

& Winston Salem, NC (5 Properties)

Property type: MF

# Units: 670

Year acquired: 2022

CoC: 8% – 10%

IRR: 13% – 16%

EM: 2.5 – 3.0

Longview Storage LLC – 134 SS Units

JVs / Joint Venture

Location: Longview, TX

Property type: SS

# Units: 134

Year acquired: 2022

Yantis Mobile Park – 32 Lots

JVs / Joint Venture

Location: Yantis, TX

Property type: MHP

# Lots: 32

Year acquired: 2022

Yantis Mobile Park – 32 Lots

JVs / Joint Venture

Location: Yantis, TX

Property type: MHP

# Lots: 32

Year acquired: 2022

Asset managers dedicated to elevating others through education in wealth-creation, and passive investing through real estate.

ASSET PORTFOLIO

CONTACT INFO

1401 Lavaca St. #191, Austin TX 78701

Asset managers dedicated to elevating others through education in wealth-creation, and passive investing through real estate.

ASSET PORTFOLIO

CONTACT INFO

1401 Lavaca St. #191, Austin TX 78701

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Copyright © 2022 Up Plex All rights reserved. Designed & Developed by Mehheeya Consulting LLC