Case Study
Featured
Shadowtree Apartments
Houston, TX
Multifamily
428 Units
GPI acquired Shadowtree Apartments in February 2012 as a distressed property. Since the acquisition, several major exterior and interior renovation were performed. Through active and effective management, the occupancy rate was raised above 92%, and the net operating income was improved from $0.7mm to $1.7mm. Utilizing leverage, the management team did two refinance cash-outs during the holding period. The first cash-out amount returned to investors covered their initial cash investment.
| Year Built | 1979 |
| Class | C+ |
| Purchase Price | $4.55mm |
| Holding Period Distribution | $3.49mm |
| Refinance Cash-Out | $7.17mm |
| Sold Price | $26.75mm |
| Total Return | $21.18mm |
| Holding Period | 7.75 Years |
| Total ROE | 1411.55% |
| Average ROE | 182.14% |
With over $760 million in total investments and $197 million in total distributions, GPI continually strives to help our investors achieve long-term financial goals since our founding 14 years ago.