--- title: Portfolio --- [![Logo-BLC](https://bluelake-capital.com/hubfs/Logo-BLC.svg "Logo-BLC")](https://bluelake-capital.com?hsLang=en) - [Home](https://bluelake-capital.com?hsLang=en) - [Our Story](https://bluelake-capital.com/the-firm?hsLang=en) - [Strategy](https://bluelake-capital.com/strategy?hsLang=en) - [Team](https://bluelake-capital.com/team?hsLang=en) - [Portfolio](https://bluelake-capital.com/portfolio) - [Contact](https://bluelake-capital.com/contact-us?hsLang=en) This is a search field with an auto-suggest feature attached. - There are no suggestions because the search field is empty. --- # PORTFOLIO #### Realized and Current Multifamily Investments Across Core U.S. Sunbelt Markets # PORTFOLIO SUMMARY The portfolio consists of stabilized and value-add multifamily communities across core Sunbelt metros. Each property is managed for income durability, cost control, and risk-adjusted performance consistent with institutional expectations. #### ~$1B in total transactions 4,100+ multifamily units 37% realized Gross IRR 1.84x realized gross MOIC The portfolio consists of stabilized and value-add multifamily communities across core Sunbelt metros. Each property is managed for income durability, cost control, and risk-adjusted performance consistent with institutional expectations. # ACTIVE HOLDINGS ![Apartment with pool ](https://bluelake-capital.com/hs-fs/hubfs/THE-COURTS-OF-BENT-TREE-APT_NoUglyPhotos.com_20200814_022_2000px-2.jpg?width=751&height=780&name=THE-COURTS-OF-BENT-TREE-APT_NoUglyPhotos.com_20200814_022_2000px-2.jpg) ##### DFW, TX ![Apartment with pool ](https://bluelake-capital.com/hs-fs/hubfs/THE-COURTS-OF-BENT-TREE-APT_NoUglyPhotos.com_20200814_022_2000px-2.jpg?width=751&height=780&name=THE-COURTS-OF-BENT-TREE-APT_NoUglyPhotos.com_20200814_022_2000px-2.jpg) ### DFW, TX ##### 168 Units The Courts of Bent Tree is a 168-unit multifamily community in Addison, Texas. The property operates at stabilized occupancy with an assumable agency loan at a 2.59 percent fixed rate. It sits within a strong income corridor supported by major employers and consistent demand. Governance oversight focuses on maintaining cash-flow durability, managing leverage integrity, and executing selective value-add improvements such as in-unit amenities and exterior enhancements to sustain long-term income growth and asset value. ##### Investment Highlights: | Size | 168 Units | | --- | --- | | Year Built | 1990 | | Market | DFW MSA | | Strategy | Core Plus | ![Apartment with pool ](https://bluelake-capital.com/hs-fs/hubfs/arcadiacove-04pool03(1)-2.jpg?width=788&height=821&name=arcadiacove-04pool03(1)-2.jpg) ##### Phoenix, AZ ![Apartment with pool ](https://bluelake-capital.com/hs-fs/hubfs/arcadiacove-04pool03(1)-2.jpg?width=788&height=821&name=arcadiacove-04pool03(1)-2.jpg) ### Phoenix, AZ ##### 432 Units Arcadia Cove is a 432-unit multifamily community in Phoenix, Arizona. The property was acquired for its strong location fundamentals and value-add potential within a stable demand corridor. Since acquisition, occupancy and tenant retention have strengthened, and collections have remained consistent through market fluctuations. Governance oversight continues to focus on disciplined renovations, operational efficiency, and cash-flow durability to support long-term value creation. ##### Investment Highlights: | Size | 432 Units | | --- | --- | | Year Built | 1996 | | Market | Phoenix MSA | | Strategy | Value-Add | ![Apartment building with shrubs](https://bluelake-capital.com/hs-fs/hubfs/Stonebrook-4.jpg?height=2000&name=Stonebrook-4.jpg) ##### Greensboro, NC ![Apartment building with shrubs](https://bluelake-capital.com/hs-fs/hubfs/Stonebrook-4.jpg?height=2000&name=Stonebrook-4.jpg) ### Greensboro, NC ##### 192 Units Stonebrook is a 192-unit townhome community located in a high-growth corridor near Research Triangle Park, a major technology and life-sciences hub in North Carolina. The property benefits from strong regional employment drivers and continued in-migration that support sustained housing demand. Rents at acquisition were meaningfully below market levels, creating value-add opportunity through disciplined renovations and operational execution. Governance oversight focuses on tenant stability, margin improvement, and long-term income durability. ##### Investment Highlights: | Size | 192 Units | | --- | --- | | Year Built | 1997 | | Market | Greensboro / Winston-Salem MSA | | Strategy | Value-Add | ![Apartment with shrubs](https://bluelake-capital.com/hs-fs/hubfs/waterstone-3.jpg?width=1605&height=1669&name=waterstone-3.jpg) ##### Atlanta, GA ![Apartment with shrubs](https://bluelake-capital.com/hs-fs/hubfs/waterstone-3.jpg?width=1605&height=1669&name=waterstone-3.jpg) ### Atlanta, GA ##### 296 Units Waterstone is a 296-unit multifamily community located in a prime submarket of Atlanta, Georgia. The property was acquired for its strong location fundamentals and value-add potential within an A-class employment corridor. Since acquisition, tenant retention and occupancy have remained stable, supported by consistent collections and disciplined operating oversight. Governance focus remains on measured renovations, amenity modernization, and cost efficiency to strengthen income durability and long-term asset value. ##### Investment Highlights: | Size | 100 Units | | --- | --- | | Year Built | 1985 | | Market | Atlanta MSA | | Strategy | Value-Add | ![Apartment with trees and railings](https://bluelake-capital.com/hs-fs/hubfs/parc%2085-2.jpg?width=1777&height=1855&name=parc%2085-2.jpg) ##### Atlanta, GA ![Apartment with trees and railings](https://bluelake-capital.com/hs-fs/hubfs/parc%2085-2.jpg?width=1777&height=1855&name=parc%2085-2.jpg) ### Atlanta, GA ##### 344 Units Parc 85 is a 343-unit multifamily community located in a high-growth submarket of Atlanta, Georgia. The property was acquired for its location strength and value-add potential supported by consistent regional employment and population growth. Since acquisition, occupancy and tenant retention have remained stable, with strong collection performance and disciplined operating oversight. Governance focus remains on targeted renovations, operational efficiency, and rent optimization designed to enhance income durability and long-term asset value. ##### Investment Highlights: | Size | 344 Units | | --- | --- | | Year Built | 2002 | | Market | Atlanta MSA | | Strategy | Value-Add | ![Apartment with pool ](https://bluelake-capital.com/hs-fs/hubfs/ariel-Jan-16-2026-05-43-09-5106-PM.jpg?width=857&height=896&name=ariel-Jan-16-2026-05-43-09-5106-PM.jpg) ##### Charlotte, NC ![Apartment with pool ](https://bluelake-capital.com/hs-fs/hubfs/ariel-Jan-16-2026-05-43-09-5106-PM.jpg?width=857&height=896&name=ariel-Jan-16-2026-05-43-09-5106-PM.jpg) ### Charlotte, NC ##### 408 Units The Ariel (formerly Ascend) is a 408-unit garden-style multifamily community in Charlotte, North Carolina. The property was acquired for its location strength and long-term repositioning potential. Current focus is on liquidity preservation, operational stability, and governance oversight to maintain asset performance through evolving market conditions. ##### Investment Highlights: | Size | 408 Units | | --- | --- | | Year Built | 2003 | | Market | Charlotte MSA | | Strategy | Value-Add | × ❮ Content ❯ # REALIZED ASSETS ![Apartment with pool ](https://bluelake-capital.com/hs-fs/hubfs/Screen%20Shot%202025-11-26%20at%203.22.59%20PM.png?width=906&height=876&name=Screen%20Shot%202025-11-26%20at%203.22.59%20PM.png) ##### Dallas, TX ![Apartment with pool ](https://bluelake-capital.com/hs-fs/hubfs/Screen%20Shot%202025-11-26%20at%203.22.59%20PM.png?width=906&height=876&name=Screen%20Shot%202025-11-26%20at%203.22.59%20PM.png) ### Dallas, TX ##### 1,032 Units The Residence at North Dallas is a 1,032-unit multifamily community located in a high-demand submarket of North Dallas, Texas. The investment was made in partnership with an experienced operating group and is managed externally under a governance framework that ensures reporting consistency and oversight. The strategy focuses on enhancing common areas, upgrading select units, and advancing a social-impact program that supports on-site educational and community development initiatives. These efforts aim to strengthen resident engagement and sustain long-term stability. ##### Investment Highlights: | Size | 1032 Units | | --- | --- | | Year Built | 1984 | | Market | DFW MSA | | Strategy | Value-Add / Impact | ![Apartment with trees](https://bluelake-capital.com/hs-fs/hubfs/Element%2041-4.png?width=922&height=888&name=Element%2041-4.png) ##### Atlanta, GA ![Apartment with trees](https://bluelake-capital.com/hs-fs/hubfs/Element%2041-4.png?width=922&height=888&name=Element%2041-4.png) ### Atlanta, GA ##### 494 Units Element 41 is a 494-unit multifamily community located within the Atlanta metropolitan area. The property was repositioned through a structured value-add program that included interior renovations, exterior enhancements, and operational improvements to strengthen rent performance and income durability. A management transition optimized leasing execution and tenant retention, supporting a successful full-cycle outcome under disciplined governance oversight. ##### Investment Highlights: | Size | 494 Units | | --- | --- | | Year Built | 1989 | | Market | Atlanta MSA | | Strategy | Value-Add | ![Apartment with shrubs](https://bluelake-capital.com/hs-fs/hubfs/Legacy%20at%20Norcross.png?width=1032&height=994&name=Legacy%20at%20Norcross.png) ##### Atlanta, GA ![Apartment with shrubs](https://bluelake-capital.com/hs-fs/hubfs/Legacy%20at%20Norcross.png?width=1032&height=994&name=Legacy%20at%20Norcross.png) ### Atlanta, GA ##### 150 Units Legacy at Norcross is a multifamily community located within the Atlanta metropolitan area. The property underwent a targeted repositioning program focused on interior modernizations, exterior improvements, and revenue management enhancements. These initiatives strengthened occupancy stability and improved operating margins. The investment concluded as a full-cycle realization under disciplined governance oversight, reflecting the firm’s focus on capital preservation and execution consistency. ##### Investment Highlights: | Size | 150 Units | | --- | --- | | Year Built | 2002 | | Market | Atlanta MSA | | Strategy | Value-Add | ![Apartment with trees and railings](https://bluelake-capital.com/hs-fs/hubfs/Legacy%20at%20Lanier.png?width=1034&height=998&name=Legacy%20at%20Lanier.png) ##### Atlanta, GA ![Apartment with trees and railings](https://bluelake-capital.com/hs-fs/hubfs/Legacy%20at%20Lanier.png?width=1034&height=998&name=Legacy%20at%20Lanier.png) ### Atlanta, GA ##### 100 Units Legacy at Lanier is a 100-unit multifamily community located within the Atlanta metropolitan area. The property was acquired for its location strength and repositioning potential. Renovations focused on interior improvements, exterior enhancements, and operating efficiencies designed to strengthen tenant retention and income stability. The investment concluded as a full-cycle realization under disciplined governance oversight, demonstrating the firm’s focus on execution discipline and long-term capital preservation. ##### Investment Highlights: | Size | 100 Units | | --- | --- | | Year Built | 1985 | | Market | Atlanta MSA | | Strategy | Value-Add | ![Apartment with trees and road](https://bluelake-capital.com/hs-fs/hubfs/Atlantica-1.png?width=1032&height=966&name=Atlantica-1.png) ##### Jacksonville, FL ![Apartment with trees and road](https://bluelake-capital.com/hs-fs/hubfs/Atlantica-1.png?width=1032&height=966&name=Atlantica-1.png) ### Jacksonville, FL ##### 100 Units Atlantica is a 100-unit multifamily community located in Atlantic Beach, Florida, approximately one mile from the shoreline. The property was acquired for its prime location fundamentals and repositioning potential within a supply-constrained market. The strategy focused on amenity improvements, exterior enhancements, and operational efficiencies designed to strengthen tenant retention and stabilize income performance. The investment reached full-cycle realization under disciplined governance oversight, reflecting the firm’s emphasis on execution discipline and long-term capital stewardship. ##### Investment Highlights: | Size | 100 Units | | --- | --- | | Year Built | 1987 | | Market | Jacksonville MSA | | Strategy | Value-Add | × ❮ Content ❯ [![Logo-BLC](https://bluelake-capital.com/hubfs/Logo-BLC.svg "Logo-BLC")](https://bluelake-capital.com?hsLang=en) [Transparency & Disclosure](https://bluelake-capital.com/transparency-disclosure?hsLang=en) | [Privacy Policy](https://bluelake-capital.com/transparency-disclosure?hsLang=en#privacy) | [Site Map](https://bluelake-capital.com/sitemap?hsLang=en)           [![linkedin-in](https://bluelake-capital.com/hubfs/linkedin-in.svg)](https://www.linkedin.com/company/bluelake-capital) ```json { "@context" : "https://schema.org", "@id" : "https://bluelake-capital.com/portfolio#webpage", "@type" : "CollectionPage", "about" : [ { "@id" : "https://bluelake-capital.com/portfolio#portfolio-summary" }, { "@id" : "https://bluelake-capital.com/portfolio#portfolio-metrics" }, { "@id" : "https://bluelake-capital.com/portfolio#active-markets" }, { "@id" : "https://bluelake-capital.com/portfolio#realised-markets" } ], "breadcrumb" : { "@id" : "https://bluelake-capital.com/portfolio#breadcrumb" }, "description" : "Realised and current multifamily investments across core U.S. Sunbelt markets. 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