Creative Realty Partners acquired the The Plaza Apartments, a 281 unit apartment complex in Jacksonville, FL, in December of 2017. A $1,027,000 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, and increasing… Read more »
Month: December 2019
New Case Study | Villas at Cedar Creek | 161% ROI
Creative Realty Partners acquired the Villas at Cedar Creek, a 118 unit apartment complex in Jacksonville, FL, in November of 2017. A $483,000 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 »