Success Stories

 

Town East Tower
Mesquite, TX

This 90,000 sq. ft. office building was acquired for $3,150,000 in 1995 and was appraised for over $7,500,000 four years later at the time of refinancing. Currently 90% leased; the surrounding submarket is only 78% leased.

 

Forest Green Ofc. Complex
Dallas, Tx
This 205,000 sq. ft. office and showroom complex was acquired in 1993. The property was approximately 50% occupied. Within six months, the property was nearly 75% leased and our equity was nearly tripled shortly thereafter.

 

Park Plaza Shopping Ctr
Arlington, TX
We acquired this 240,000 sq. ft. shopping center through the acquisition of its underlying first lien. Our initial cost was $12 per sq. ft.; we were able to increase the appraised value in two years to $40 per sq. ft.

 

Westpark Medical Ctr.
Plano, TX
Purchased entirely vacant in 1994, this 98,000 sq. ft. building was heavily vandalized with all major mechanical systems inoperable. Sold after 18 months, the profit exceeded investment by five times.

 

Plano Tech Bus. Park
Plano, TX
This 95,000 sq. ft. office/warehouse property was purchased and resold after 18 months. The property was repositioned as a technology office park and entirely re-leased to tech tenants. Equity doubled during our brief ownership.

 

Friday’s Court
Dallas, TX
This 45,000 sq. ft. inner-city two-story retail property was purchased for $1,750,000 with less than 30% occupancy. In under two years, we resold the property for $3,500,000, tripling our equity investment.

 

Park Hill Office Bldg.
Carrollton, TX
This 85,000 sq. ft. office building was purchased for $2,750,000. At 50% occupancy, most of the second floor was vacant. As a result of precise marketing, occupancy exceeded 85% within one year, and the equity value doubled in less than 15 months.

 

Multi-Family Properties
Oaklawn/Turtle Creek
Various apartment properties were acquired in the mid 1980s from undercapitalized developers and/or failing savings and loans. Upon completion, all achieved high rental rates and were resold within three years.

 

Ferris Plaza
Waxahachie, TX
Office retail project was purchased for $790,000. With less than 40% occupancy in this 49,000 sq. ft. property, we maximized value by leasing to office and medical users. On completion, we tripled our equity investment.

 

Bellmeade Apartments
Bellmeade, TX
This "C" class apartment complex was purchased with 100% seller financing, the down payment and renovation funds were financed through cashflow. The property was acquired in 1995 and sold in 1998 for twice the original purchase price.

    Return To Home Page