Properties in Seven States and Five Countries
Our partners at Golden Arrow Equity Partners own and manage properties across the country, in addition to Mexico, South America and Europe.
We buy Class B and C communities with a light value-add component, and hold them for 5-10 years.
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80-unit in Emporia, KS – SOLD
The 80-unit was purchased April 2014 for $1.3MM and was sold for $1.6MM 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%.
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96-unit in Emporia, KS – SOLD
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 November 2015. $1.1MM of renovations were completed February-April 2016. It averages a 98+/-% occupancy and the appraised value is $2.6MM.
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100-unit in Longview, TX – SOLD
The 100-unit was purchased 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 are improved as the units become available. The property has been rebranded and given a new name and image. The property is now showing like a C++. Occupancy hovers around 94-97% and the value increased 98% (5.5MM) in less than 4 years.
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58-unit in Cincinnati, OH – SOLD
The 58-unit is a two property portfolio of 29 units each, located within a mile of one another, acquired March 2018 for $1.540MM. Rents are being increased with every turn-over and renewal thus increasing the value quickly.
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16-unit in Panama City Beach, FL
The 16-unit was acquired April 2018 for $610K with the intention of completing $100K of improvements and then selling for a projected price of $950K in 24 months. Hurricane Michael slowed this plan, however it will ultimately be better than originally planned.
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175 units in northern New Jersey
Class B- and C properties. Buy and hold.
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8 units in Denver, CO
Rentals located in Class A and B neighborhoods. Positive cash flow.
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4-unit in Killeen, TX – SOLD
Class C property. Positive cash flow.
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1 unit in Mexico
Class B property in an up and coming Class C+ neighborhood. Great location near shopping and restaurants.
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10 units in Switzerland
Class A and B properties. Buy and hold.
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2 units in Spain
Buy and hold. Positive cash flow. High appreciation.
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1 unit in France
Buy and hold. Positive cash flow. High appreciation. Great location close to markets, restaurants and transportation hub.