Month: December 2018

New Case Study | Pepper Place | 213% ROI

Creative Realty Partners acquired the Pepper Place Apartments, a 88 unit apartment complex in Richardson, TX, in November of 2014.   A $709,000 rehab budget (included in the initial acquisition financing) was allocated for interior, exterior, and amenity improvements.   The capital improvements were completed within the first 24 months of ownership and facilitated raising rents to market, tapering expenses, and increasing… Read more »