Completed
The Logan
Bedford, TX
Overview
Asset class
Real estate
Asset type
Multifamily
Strategy
Value add
Funds
Growth eREIT III
Updates
New acquisition
July 19, 2019
This project is part of a four-asset portfolio located in the Dallas-Fort Worth area, which is one of the fastest-growing job markets in the nation.
New acquisition: Apartment renovation near Dallas, TX
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Progress update
May 21, 2020
The newly-improved units have leased up at better than expected rents, helping to offset a modest rise in delinquent / unpaid rent attributable to the COVID-19 pandemic.
Progress update: Renovations complete on Dallas-area apartments
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Asset type
Multifamily
Multifamily (MF) is a residential building designed to house multiple tenants. These properties can range from small to large apartment complexes with hundreds of units. With a boom in remote work and business-friendly local governments courting employers, more affordably-priced suburban apartment communities have generally experienced stable or growing demand. Multifamily’s resilient demand and scale enables us to leverage our integrated operating platform to drive long-term performance.
Our strategy
Value add
Acquire real estate that needs improvements and / or lease-up.
- Expected variability of return: High
- Timing of expected return: Several months to a year
- Primary expected source of returns: Growth with some rental income
This section is intended to provide a general overview of the Value add strategy for educational purposes only, and is not meant to be representative of the specific details of any individual investment. All investments involve risk; there are no guarantees of any returns.
