Creative Realty Partners acquired the Silversmith Creek, a 140 unit apartment complex in Jacksonville, FL, in June of 2016. A $186,000 rehab budget (included in the initial acquisition financing) was allocated for interior, exterior, and amenity improvements. The capital improvements were completed within the first 12 months of ownership and facilitated raising rents to market, tapering expenses, and increasing the existing utility bill-back… Read more »
