Hi Everyone,
I'm part of a real estate syndication group that pools investors to purchase larger apartment complexes. In 3 weeks, we are closing on a 122 unit C class apartment complex in Pasadena, TX. This will be our 5th apartment complex in this sub-market. The business plan is to add-value through renovating the units, bringing in new management and cutting costs. On our last acquisition, we were able to increase rents 80% and increase NOI by 2.5 times.
Here's the link to it on apartments.com:
www.apartments.com/camino-del-sol-pasadena-tx/x9jmlrn/
We are looking for people two types of people. First, we are looking for people who want to be passive investors. The minimum investment is $25k with a 3-5 year hold and we're offering a 9% preferred return (this is paid before the managers are paided) and an 80/20 investor/manager split on profits above 9%.
Second, we are looking for Key Principles. Key Principles are passive investors who are want a more active role and are looking to build a track record of investing in multi-family real estate.
I started investing with this group a little over a year ago and in less than a year I've been invited to be a co-GP on this project. So we are looking for people who want to invest together (preferable on more than one deal) and build a track record of investing in multi-family.
If you are interested contact me. I can share the Investor Slide deck and Underwriting spreadsheets.
