Dylan Property Page
122 units Class C+ asset in a Class B location.
The Investment Opportunity
Projected Total Return
90%
Projected Annual IRR
16%
Projected Equity Multiple
1.9x
Target Bonus Depreciation
100%
Projected Total Return
136%
Target Hold Period
3 - 5 years
506(b) offering
The Property
DYLAN is a unique value add investment opportunity located in the booming market of Dallas Fort Worth. This is a rare and lucrative investment opportunity with the quarterly distribution of 8%+ cash flow and 90%+ return on investment with very conservative underwriting. We have an amazing team with an outstanding track record of delivering superior returns to investors.
PROJECTED RETURNS FOR 3 – 5 YEAR HOLD:
- Projected Average Cash on Cash Return: 8%+
- Total Return: 90%+
- Projected Annual IRR: 16%+
- Projected Equity Multiple: 1.9X
- Min Investment: $50,000
- This is 506(b) offering
- Target 100% Bonus Depreciation for 2022
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Highlights
Why Do We Love Dallas
- Positive in State Migration and Population Growth at 43%
- Dallas MSA 7.7 Million residents with 7.4% growth projected through 2025
- Top 3 housing markets in the nation
- Dallas is #1 city for jobs
- Dallas is #1 city for exports 17 years in a row
- Dallas is home to 24 Fortune 500 companies such as AT&T, Texas Instruments, Fluor, Exxon, McKesson, American Airlines, Tenet Healthcare, Charles Schwab and many more.
Accessible Location
- Great Location for this asset at the border of Fort Worth and Arlington @1-30
- Easy and quick connectivity across the metroplex in all directions including the 1-35 corridor
- Cowboys and the new Texas Rangers stadiums are just 7 miles from the property
- Dallas- FortWorth International airport is conveniently located only 18 miles away from the property
Capital Expenditure Plan
The property has 35% of classic units to be renovated to TIER 1 package and increase to market rent. Our plan is to refine this renovation by below upgrades that will provide quality units at an affordable rent.
- Replace Carpet with Vinyl plank flooring
- Replace existing appliances with stainless steel appliance package
- Add framed mirrors in bathrooms
- Add cabinet hardware
- Refinish countertops
- Install new lighting and plumbing fixtures
Experienced Team
- Our GP Team is Dallas-based and committed to creating value in the multi-family real estate sector.
- The Team specializes in conventional as well as affordable opportunities, paying particular attention to expanding sub-markets
- The extended team currently owns 10,000+ units in Texas
- The Team investment strategy is simple, find opportunities that can yield above market cash flow once stabilized and generate capital appreciation in the short and long term
