OUR PORTFOLIO
Suburban 36 | July 2022
Suburban 36 is an off-market purchased 36-unit multi-family portfolio consisting of two apartment complexes, located in Plymouth and South Lyon, Michigan. Not only do these areas exceed our underwriting criteria, but this location boasts an average household income of greater than $90,000/year, with average home prices exceeding $425,000.
A combination of these demographics, excellent seller financing, and proximity to large economic hubs like Ann Arbor and Detroit make this a going-in steal of an asset.
Amanda Court Apartments | June 2022
Amanda Court consists of 25 units located near another property of ours in Columbia, SC. We purchased this complex direct from the seller who has owned the complex since it was built, with almost every unit coming in at an extremely below average rent. We are excited to refresh the exteriors, add amenities and completely revamp the interior design and look of each unit.
Stay tuned for the progress on these awesome apartments!
The Palazzo Apartments | April 2022
Vectored Equity is a General Partner and Co-Sponsor, teamed with QC Capital on the purchase of The Palazzo Apartments. This is a beautiful luxury apartment complex in the heart of San Antonio, the nation’s fastest growing housing market and situated in an A+ area, mere minutes away from the San Antonio Medical Center.
We will completely refresh the interiors, increasing rents to exceed market price. There are multiple competitive advantages to The Palazzo, one of which is that the square footage is significantly greater than surrounding apartments. Stay tuned for more exciting news on this complex!
Cedar Crossing Apartments | March 2022
Cedar Crossing is a 16-unit apartment complex located in Columbia, the capital of South Carolina. This city is home to the University of South Carolina and Fort Jackson—the largest U.S. Army base for basic combat training.
One of the best cities for renters, and with over 50% of the market renting vs buying, this makes Columbia a great location to own in. We are currently hard at work renovating this complex, which demonstrates under market rents and previous owner mismanagement. We will execute a business plan that accelerates capital return to investors while still yielding excellent cash flow as a long-term hold.
Piney Grove Townhomes | November 2021
Located in the booming Columbia and Lake Murray, SC area, Piney Grove consists of 30 townhomes, significantly larger in square footage than any other apartments in the city, with multiple value-add opportunities.
Piney Grove was purchased with below average rent prices and severe mismanagement.
We will use a pre-forecasted budget to complete both the exterior as well as 100% of interior renovations, with the intent of refinancing with cash out to replenish investor capital, then hold long term.
Jefferson Avenue Apartments | May 2021
We purchased Jefferson Ave Apartments in May of 2021 for $970K. After $28K in repairs and renovations, we successfully executed an expedited business plan while improving quality of living for multiple residents!
We renovated the interior set ups and increased rents, repaired an aged roof and tackled costly, leaky water faucets which all increased the Net Operating Income (NOI). We sold Jefferson for $1,325,000 in March of 2022.
This equates to a 2.2X equity multiple in 10 months!