Month: November 2019

New Case Study | Reserve at Lake Buchanan | 167% ROI

Creative Realty Partners acquired the Reserve at Lake Buchanan, a 151 unit apartment complex in Orlando, FL, in June of 2017. A $500,000 rehab budget (included in the initial acquisition financing) was allocated for interior, exterior, and amenity improvements. The capital improvements were completed within the first 18 months of ownership and facilitated raising rents to market, tapering expenses,… Read more »