Case Studies

Creative Realty Partners acquired Tree Top Apartments, a 128 unit apartment complex in Grand Prairie, TX, in September of 2020.

A $1,237,500 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 and increasing the existing utility bill-back program, which led to a 36% increase to the total income.

At disposition, the property was fully marketed and generated a sales profit of $7,584,722, representing a 151% Sale ROI. The property sold in December of 2022.

Including the monthly Cash Flow After Debt Service, the total cash-on-cash return on the project was in excess of 174%.

Creative Realty Partners acquired Heritage at Temple Terrace, a 126 unit apartment complex in Temple Terrace, FL, in March of 2019.

A $982,800 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 and increasing the existing utility bill-back program, which led to a 26% increase to the total income and a $9.05mm increase in value.

At disposition, the property was fully marketed and generated a sales profit of $4,615,667, representing a 196% Sale ROI. The property sold in January of 2022.

Including the monthly Cash Flow After Debt Service, the total project-level ROI was in excess of 200%.

Creative Realty Partners acquired the Fountains Apartments, a 101 unit apartment complex in San Antonio, TX, in March of 2018.

A $518,000 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. By increasing the rents by 19%, we were able to increase the value by $3,105,000.

At disposition, the property was fully marketed and generated a sales profit of $670,470, representing a 129% Sale ROI. The property sold in December of 2021.

Including the monthly Cash Flow After Debt Service, the total project-level ROI was in excess of 131%.

Creative Realty Partners acquired the Oaks at San Jose, a 200 unit apartment complex in Jacksonville, FL, in February of 2019.

A $2,050,000 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. By increasing the rents by 35%, we were able to increase the value by $5,972,460.

At disposition, the property was fully marketed and generated a sales profit of $6,017,000, representing a 231% Sale ROI. The property sold in October of 2021.

Including the monthly Cash Flow After Debt Service, the total project-level ROI was in excess of 234%.

Creative Realty Partners acquired the Corey Place Apartments, a 276 unit apartment complex in Grand Prairie, TX, in July of 2018.

A $1,380,000 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. By increasing the rents by 26%, we were able to increase the value by $7,254,500.

At disposition, the property was fully marketed and generated a sales profit of $2,108,649, representing a 132% Sale ROI. The property sold in July of 2021.

Including the monthly Cash Flow After Debt Service, the total project-level ROI was in excess of 142%.

Creative Realty Partners acquired the Villas at 17th Apartments, a 130 unit apartment complex in Kissimmee, FL, in September of 2016.

A $250,000 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 the existing utility bill-back program, which ultimately increased the Net Operating Income by 40%.

At disposition, the property was fully marketed and generated a sales profit of $2,770,252, representing a 226% Sale ROI. The property sold in April of 2021.

Including the monthly Cash Flow After Debt Service, the total project-level ROI was in excess of 247%.

Creative Realty Partners acquired the Brittney Place Apartments, a 169 unit apartment complex in Irving, TX, in July of 2018.

A $1,014,000 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 the existing utility bill-back program, which ultimately increased the Net Operating Income by 32%.

At disposition, the property was fully marketed and generated a sales profit of $1,190,863, representing a 131% Sale ROI. The property sold in December of 2020.

Including the monthly Cash Flow After Debt Service, the total project-level ROI was in excess of 141%.

Creative Realty Partners acquired the Heights Apartments, a 79 unit apartment complex in Irving, TX, in July of 2018.

A $331,800 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 existing utility bill-back program, which ultimately increased the Net Operating Income by 31%.

At disposition, the property was fully marketed and generated a sales profit of $608,538, representing a 134% Sale ROI. The property sold in December of 2020.

Including the monthly Cash Flow After Debt Service, the total project-level ROI was in excess of 144%.

Creative Realty Partners acquired the The Planters Walk, a 216 unit apartment complex in Jacksonville, FL, in February of 2017.

A $400,000 rehab budget (included in the initial acquisition financing) was allocated for interior, exterior, and amenity improvements.

The capital improvements were completed which facilitated raising rents to market, tapering expenses, and increasing the existing utility bill-back program, which ultimately increased the Net Operating Income by 45%.

At disposition, the property was fully marketed and generated a sales profit of $2,600,000, representing a 162% Sale ROI. The property sold in September of 2020.

Including the monthly Cash Flow After Debt Service, the total project-level ROI was in excess of 173%.

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 the existing utility bill-back program, which ultimately increased the Net Operating Income by 41%.

At disposition, the property was fully marketed and generated a sales profit of $1,850,000, representing a 140% Sale ROI. The property sold in December of 2019.

Including the monthly Cash Flow After Debt Service, the total project-level ROI was in excess of 150%.