Some of our Current Projects Include:
264 Thoma Street
Acquisition Date: July 2018
Core-plus investment strategy located in the midtown Reno area.
Renovations planned include: in-unit washer/dryers and interior rehab.
1060 Nevada Street
Acquisition Date: October 2017
Value-Add Strategy with significant upside, located blocks from the University of Nevada.
Building rehabilitation planned to include: full interior rehab, addition of air-conditioning, in-unit washer/dryer, and resident common area.
4855 Joule, B5
Acquisition Date: April 2017
Size: 5,000 SF Flex Space, with fenced in yard.
Core Investment adjacent to Reno-Tahoe International Airport.
Future plans may include to locate the operations of TriEx Development.
Will be a long term hold due to the unique location, and rapidly growing flex space demand in Northern Nevada.
Virginia Street Apartments
1413-1425 N. Virginia Street
Acquisition Date: November 2016, January 2017
Value-Add Strategy, acquired from two separate owners to combine 4 contiguous parcels of land directly across the street from the University of Nevada.
Severely under-performing asset at acquisition with deferred maintenance issues, and in need of professional management.
Asset management plan implemented to enhance revenues/property efficiency and to address deferred maintenance issues with a capital expenditure plan.
Capital Expenditure plan includes: renovation of common laundry, exterior renovation, and branding to blend the four parcels together as one complex, and full renovation of select units.
Situated between two high-density multifamily redevelopment projects on N. Virginia Street, which gives the garden apartment style layout of the Virginia Street Apartments a competitive advantage in the rental marketplace.
830 G Street
Acquisition Date: April 2016
Core investment in West Sparks submarket.
Under-performing, well maintained asset at acquisition.
Implemented asset management plan to increase revenues and enhance property performance.
Prime development opportunity for additional units on adjacent parcels.
445 La Rue
445 La Rue Avenue
Acquisition Date: October 2015
Long Term Value-Add Strategy.
Located in the highly desirable Old-Southwest submarket.
Heavily under-performing asset at acquisition, with deferred maintenance issues.
Full-rehab planned for 445 La Rue in 2018, which will include: in unit laundry, high end finishes, new appliances, and exterior/landscaping renovation.