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We are excited to present a unique opportunity to acquire a 168-unit multifamily asset in the heart of affluent Addison, TX, with prime golf course views, an outstanding resident base, and a very attractive low-interest rate assumable loan. This investment is ideal for investors seeking strategic tax advantages, strong cash flow, and an added upside upon sale.
Prime Location
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The property is located in the highly sought-after Plano-Addison area, often likened to the 'Beverly Hills' of Dallas. With household income generally exceeding $90K+, this location offers a high concentration of restaurants, retail, and entertainment options, which attracts a diverse and affluent tenant base, ensuring consistent demand and stability.
Strong Financial Performance
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The property has a stable 95%+ occupancy rate and offers large units with golf course views. It features an assumable loan at a very attractive low fixed interest rate. This structure provides low-cost, stable financing, enhancing the investment's appeal by minimizing financial risk and ensuring strong returns.
High Quality Asset
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This is an institutional-quality property with minimal deferred maintenance, reducing the risk of unexpected capital expenditures. The property was built in the 1990s and has been well-maintained by a family office, which significantly minimizes risk and maximizes returns.
Strong Resident Base
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The property boasts a high-quality and consistent resident base with minimal bad debt and an average tenant tenure of 3.8 years. This ensures a reliable and steady stream of rental income, reducing financial risk and enhancing the investment's appeal.
Robust Business Plan
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Blue Lake Capital's strategic business plan aims to enhance cash flow through the addition of tech packages, additional washer/dryer units, and the creation of private yards. These upgrades will generate fees independent of rental rates, boosting the already strong cash flow in place. Additionally, curb appeal improvements and market rate fee adjustments are planned to further increase NOI and overall property valuation.
5 Reasons We Love This Deal
WHAT ARE THE ADVANTAGES OF INVESTING WITH BLUE LAKE?
High-Quality Assets at Favorable Terms
Current macroeconomic conditions are beginning to drive market dislocation, which we believe will offer a generational opportunity for investors to acquire institutional quality assets at more favorable terms, including price!
Investors Come First
Blue Lake Capital prioritizes our investors, first and foremost. While there are many options available for investors today, Blue Lake Capital investors repeatedly invest with us. We are honored by this and are highly committed to keeping our investors at the forefront of our fiduciary responsibilities.
Transparency
We pride ourselves on reporting and communication throughout the entire investment cycle; from initial underwriting to distribution and disposition so investors have the most accurate, honest, and up-to-date information regarding their investment.
Alignment of Interest With Investors
Ellie Perlman, Blue Lake’s CEO and Founder, personally invests a substantial amount of her own capital, as well as her families’ funds, in every asset Blue Lake acquires. This ensures every acquisitions, the management of the assets, and the timing of dispositions are equally beneficial for all parties, as everyone is invested together.
Strong Performance on Exited Deals
Our track record competes with some of the largest institutions in real estate with an average net IRR of 30.9% to investors. We are obsessed with our investors and continually strive to exceed our commitments to them.
This information is an investment summary provided to prospective investors and others. This information is not an offering to sell either a security or a solicitation to sell a security. At the request of a recipient, Blue Lake Capital (“Manager”) will provide a private placement memorandum, subscription agreement, and the Limited Liability Company Operating Agreement. Blue Lake in no way guarantees the projections contained herein. Real estate values, income, expenses, and development costs are all affected by a multitude of forces outside the Company’s control. This investment is illiquid and only those persons that are able and willing to risk their entire investment should participate. Please consult your attorney, CPA, and/or professional financial advisor regarding the suitability of an investment by you.
TARGET HOLDING PERIOD
3.5 - 5 YEARS
STRATEGY
VALUE-ADD
MINIMUM INVESTMENT:
$100,000
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Strong Market
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Located in the highly sought-after Plano-Addison area, this market is often likened to the 'Beverly Hills' of Dallas. This prime location, with its high concentration of restaurants, retail, and entertainment options, attracts a diverse and affluent tenant base, ensuring consistent demand and stability.
Strong Resident Base
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The resident profile in this area is exceptional, with minimal bad debt and residents in place on average 3+ years. This ensures a reliable and steady stream of rental income, reducing financial risk and enhancing the investment's appeal.
Strong Asset
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This an institutional-quality property with excellent "bones." It is currently owned by a family office and therefore requires minimal additional investment, which significantly reduces risk by minimizing capital expenditure and maximizing returns.
A Risk-Mitigated Trifecta
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This property investment is based on a solid foundation we refer to as a "risk-adjusted trifecta," highlighting three critical strengths that form a robust and resilient investment triangle.
By focusing on these three strengths - a robust market, a strong tenant base, and high-quality asset - this investment significantly mitigates risk and positions itself for stable, long-term success.