Kensington Apartments
CHALLENGES Very short DD (5 days) and Close timeframe (14 days) Deal happened in height of the COVID-19 (Closed April, 24th, 2020) Debt Assumption and Seller Carry Back RESULTS Closed in 14 days Great upside for client Smooth transaction MAJOR POINTS: Great buy for our client $187,500 a door in Garden Grove Rents are under [...]
City View Apartments
CHALLENGES Vintage 1950s mid-rise building in Omaha Property went to market and did not trade in 2016 Located in the competitive downtown rental market RESULTS Closed at contract price Sold for top dollar Smooth transaction MAJOR POINTS: 139 confidentiality agreements 18 offers received Record PSF for class PROJECT OVERVIEW Scott was hired by the owner to [...]
Mainstreet Properties
CHALLENGES Specific Demographics Flat, square sites needed Limited Time Frame to secure the sites RESULTS Secured Lincoln site in October, 2016 Secured Omaha site in December, 2016 Great locations for both sites MAJOR POINTS: Met the completed requirements of the client Found and secured both sites off market Met the timeline of the client PROJECT [...]
Val Verde Apartments
CHALLENGES Poor trailing financial reporting Owner was an estate Major capital expense issues found during Due Diligence RESULTS Closed on time Sub five cap rate Smooth transaction MAJOR POINTS: 4.87% cap on T-12 23 offers 166 confidentiality agreements PROJECT OVERVIEW Val Verde is a 84-unit property built in 2000 and located in a quiet neighborhood [...]
Ponderosa Pointe Apartments
CHALLENGES Poor trailing financial reporting Owner was an estate Smaller deal thinned the buyer pool RESULTS Closed on time Sub six cap rate Smooth transaction MAJOR POINTS: 5.37% cap on T-12 23 offers 166 confidentiality agreements PROJECT OVERVIEW Scott was hired by the owner (a family estate) to market and sell Ponderosa Pointe Apartments. Ponderosa Pointe [...]
