Case Study
Spring Rose Apartments
Houston, TX
Multifamily
182 Units
Spring Rose is GPI’s first investment which is purchased in November 2009 as a distressed property with less than 60% occupancy rate. Through active and effective management, we increased the occupancy rate to 90%+ within 2 years and improved the net operating income (NOI) from 70K to 483K. We made 2 cash-out refinance with a total of $800,000 amount out, which is already higher than the $700,000 equity investment.
| Year Built | 1977 |
| Class | C+ |
| Purchase Price | $2.55mm |
| Sold Price | $4.95mm |
| Total Return | $21.18mm |
| Holding Period | 5.50 Years |
| Total ROE | 400.80% |
| Average ROE | 72.87% |
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.