Property: TOTH (Towne Oaks Town Homes), an off-market 90 unit garden style community in Tyler, TX. Built in 1968, the property consists of 24, one-story garden style apartment buildings on an 8.15-acre site. Amenities include a beautiful clubhouse and pool area.
Strategy: Acquisition of a performing asset with upside via utilities charge back and property management efficiencies with its sister property across the street, also owned by our partners on TOTH.
Our business plan includes the following improvements.