Colony Park Apartments – 100 units – Longview, TX

Colony Park is a 100-unit property located in Longview, TX. It was purchased in April 2015 for $2.775MM, and was a poorly maintained C- class property. The grounds and all exteriors enjoyed renovation during year one, while the interiors continued to be improved as units become available.  The property was re-branded and given a new name and image, and now shows like a C++ property.

DeDee was the sole sponsor on the $2.8MM Freddie Mac agency loan and Freddie required her to remain in place as asset manager due to the exceptional property performance. This property sold for 7.4MM in late 2021.

 

Colony Park Apartments sign Colony Park Apartments exterior Colony Park Apartments Office Colony Park Apartments clubhouse Colony Park Apartments kitchen Colony Park Apartments interior

Kathy Libey