Since 2014, DeDee has acquired a shared equity position in 816 units in seven apartment complexes. She shares the General Partnership role on four properties, is the Asset Manager or Co-Asset Manager on three properties and a Limited Partner on the remaining properties. She has sponsored two conventional, commercial bank loans and is the sole sponsor on a Freddie Mac Agency loan.

Summary of Ownership

• 80-unit and 96-unit in Emporia, KS – SOLD
• 100-unit in Longview, TX – SOLD
• 58-unit in Cincinnati, OH – SOLD
• 16-unit in Panama City Beach, FL
• 241-unit in DFW MSA
• 225-unit in Amarillo, TX – SOLD
• 343 units in Houston, TX
• 96 units in Phoenix, AZ
• 244 units in Phoenix, AZ
• PIC Storage Fund I in Sunbelt states
• 1 vacation rental condo in Keystone, CO
• 1 SFH rental in Panama City Beach, FL

The 80-unit was purchased in April 2014 for $1.3MM and was sold for $1.6MM in October 2016. This was a class D property in a B neighborhood, six blocks from Emporia State University. The economic occupancy was close to 60% when purchased and poorly managed. The occupancy was brought up to an average of 93%+/-. DeDee was instrumental in interior and exterior rehab decisions during the renovation and assisted with the operations.

The 96-unit was a 100% vacant government owned property, four blocks from Emporia State University. It was purchased for $311K from a government bid in November 2015. $1.1MM of renovations were completed in February-April 2016. It averaged a 98+/-% occupancy and sold in late 2020 for $2.6MM.

The 100-unit was purchased in April 2015 for $2.775MM and was a poorly maintained C- class property. The property was rebranded and given a new name and image. 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.

The 58-unit is a two-property portfolio of 29 units each, located within a mile of one another, acquired in March 2018 for $1.540MM and sold for 2.085MM in mid-2021. DeDee co-sponsored the US Bank loan.

The 16-unit was acquired in April 2018 for $610K with the intention of completing $100K of improvements and then selling for a projected price of $950K in 24 months. DeDee purchased this property from the syndication for 1.560MM in mid-2021.

The remaining investments, except the vacation and SFH rentals, are held as a limited partner.

DeDee uses her staging/designing skills to redesign leasing offices, and to improve interiors/exteriors and establish model units when a property is in need of a model unit.