Brighton Park Apartments
As a class "C" property in Tulsa, Oklahoma, Bradford Park was purchased as a turn-around project in March of 2005. With 208 units and an 80% occupancy rate, Brighton Park was suffering from a four-year slide in the multifamily maket. Although the market has not yet fully recovered, Brighton Park Apartments an now occupied at over 90% and Trinity Multifamily's management ability results in a 20% return to its investors.
Both owned and managed by Trinity Multifamily, Baxter/Beasley Properties is a Class "B" portfolio of 184 units located in Fort Smith, Arkansas. This investment consistently produces double digit returns while increasing in value. Trinity has maintained the occupancy rate above 95% for over four years -- three points higher than the prevailing market average.
Purchased in January of 2006, Trinity increased monthly revenue by 10% in only 60 days! This increase of $10,000 per month added over $1,600,000 in re-sale value immediately.
Copper Mill Apartments
Previously owned and managed by a large institutional investor and valued at over $12 million, Copper Mill Apartments is now Trinity Multifamily's flagship property. In only 12 months, Trinity has increased the annual return on the investment in Copper Mill by more than 40%. Trinity was asked to put together an investor group and acquisition package for the property in April 2005 and by utilizing disciplined analysis, careful planning, and exhaustive due diligence, Trinity determined that the property had significant upside potential and assembled an investor group ready to invest. With Trinity providing all management services, occupancy was increased significantly and expenses were decreased substantially. Within only 12 months, Trinity's investor group has turned down offers to purchase Copper Mill in excess of $16 million due to the large monthly cash flow provided by the property. This property is located at the corner of 71st and Yale in Tulsa, Oklahoma.
Previously owned by Trinity Multifamily and having been continuously managed by Trinity for over eight years, Trinity Properties exemplifies the capabilities of our organization. Four years ago, Trinity Multifamily sold this portfolio and realized a 50% return on the original investment. One year after the acquisition, the new owner began to experience management difficulties and asked Trinity Multifamily to return to the organization as the property managers. Bringing a full range of capabilities and a total effort to the project, Trinity Multifamily rebuilt the occupancy rate from 70% to 93% within 8 months. Trinity then went to to orchestrate the sale of the property at a profit. The latest owners have insisted on retaining the management of Trinity Multifamily and the occupancy rates remain above 93%. Trinity Properties is a class "C" portfolio located in Fort Smith, Arkansas.
Addison Place Apartments
Developed as new construction in 2004 in a slow growth market, Trinity Multifamily has managed this property from its inception. The initial lease-up was expected to be challenging, but Trinity Multifamily achieved a 95% occupancy rate only six months after construction was completed. When the investors elected to sell the property in 2005, Trinity arranged every aspect of the sale which resulted in a 300% return on investment. Having owned the property for less than two years, the investors were, to say the least, pleased with Trinity's performance. Addison Place Apartments is a class "A" property located in Fort Smith, Arkansas.