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 »
Category: Company Announcements
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 »
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 »
New Case Study | Colinas Royale | 128% ROI
Creative Realty Partners acquired Colinas Royale (formerly La Bella Palms), a 117 unit apartment complex in Dallas, TX, in June of 2017. A $620,000 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… 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 »
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 »
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 »
How CRP Avoids Capital Calls
When investing, you want a favorable return. Every time you get a capital call, your return decreases. What Is a Capital Call? A capital call is when an investment company contacts investors asking for additional capital. These calls can take place when an investment company underestimates their budgets or when unforeseen capital expenses arise. … Read more »