Creative Realty Partners Acquires 714 Units in Tampa, FL, Jacksonville, FL, and San Antonio, TX

Creative Realty Partners is pleased to announce the acquisition of three multifamily properties,totaling 714 units, in three high growth markets. The new acquisitions includes: Heritage at Temple Terrace, a 126-unit asset located in Tampa, FL; The Oaks at San Jose, a 200–unit community located in Jacksonville, Florida; and Escondido Village, a 388-unit community also located in San Antonio, Texas. All three properties in demonstrate physical and operational value-add opportunities. With over $5.5 million dollars… Read more »

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 »

Creative Realty Partners Acquires a 4 Property, 692 Unit Multifamily Portfolio in DFW

Creative Realty Partners is pleased to announce the acquisition of four multifamily properties, totaling 692 units, in the Dallas-Forth Worth MSA. The portfolio includes: Corey Place, a 276-unit asset located in Grand Prairie, TX; Brittney Place, a 168-unit community located in Irving, Texas; The Heights, a 79-unit community also located in Irving, Texas; and Spanish Square a 168-unit asset located in Haltom City, Texas. All four properties in the portfolio demonstrate physical and operational value-add opportunities. Creative Realty Partners… Read more »

New Case Study | The Oaks | 339% ROI | 42% IRR

  Creative Realty Partners acquired the The Oaks, a 148 unit apartment complex in Balch Springs, TX, in December of 2014. A $954,600 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 the… Read more »

New Case Study | Silversmith Creek | 230% Cash-on-Cash Return | 72% IRR

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 »

Tampa Economy Continues to Grow at a Brisk Pace

Tampa | MULTIFAMILY OUTLOOK | December 2017 (download full PDF report here) OVERVIEW The Tampa economy continued to grow at a brisk pace in September 2017 . A growing local economy is in line with growing rental rates, which are expected to rise along with new housing demand. Vacancies are expected to decrease as newly… Read more »

Creative Realty Partners Adds 399 Units to Their Multifamily Portfolio

Creative Realty Partners is pleased to announce the addition of two multifamily properties to their portfolio of over 2,300 units. By implementing a full capital improvement plan, CRP will transform the properties and enhance the overall value proposition for renters and the local communities.   The Plaza Apartments A 281-units apartment community located in Jacksonville,… Read more »

Jacksonville Continues to Grow – With a Job Growth Rate of 3.9%

JACKSONVILLE | MULTIFAMILY OUTLOOK | AUGUST 2017 (Download full PDF here) OVERVIEW Jacksonville continues to grow – with a job growth rate of 3.9% bolstered by “nearshoring,” Amazon and BMW, are creating 4,000 jobs and are opening new facilities in Jacksonville in 2017. A growing local economy is in line with growing rental rates, which… Read more »

Just Acquired: Reserve at Lake Buchanan, Cortez Plaza, and La Bella Palms

CREATIVE REALTY PARTNERS is pleased to announce Three Recent Multifamily Acquisitions Over the past 5 years, Los Angeles-based Creative Realty Partners has acquired more than 3,400 multifamily units in Texas and Florida. The company is pleased to announce the recent closing of three multifamily acquisitions. Creative Realty Partners intends to implement a full capital improvement plan… Read more »