Great properties in high growth markets will maximize upside and minimize downside in today’s ever-changing economic environment. By reducing vacancy and making needed repairs, we improve our communities and the lives of our residents.
We invest in great markets with strong population and economic growth. We are currently focused on Florida, Texas, and Arizona due to the strong economics and landlord friendliness of these states.
We love A/B class properties. Cap rates for A, B, and C class properties have all compressed to almost the same level. For that reason, we prefer A/B class apartments due to the better risk profile but will occasionally consider C-class.
Leap Multifamily provides strategic direction and asset management expertise to operators of the deals we invest in. We look to partner with the best operators who have deep operational expertise and market knowledge.
We prefer business-friendly states with low taxes. That environment will lead to economic growth and make it easier to manage the properties.
Choosing profitable projects is easier with the institutional expertise of Leap Multifamily.
Units: 392
City: Montgomery, AL
Property Performance: Deep value-add investment that will likely sell in 2022. Property was completely neglected and 50% of units were down. After major rehab, we are leasing up nearly 200 units, adding great quality units back into Montgomery's housing stock. Given the housing shortage, this is a big win for Montgomery citizens.
Units: 166
City: Bradenton, FL
Property Performance: Sits in the amazing Bradenton/Sarasota market. Classic “B Class” value-add property that is significantly ahead of pro forma NOI. Paying out distributions ahead of schedule.
Units: 216
City: Bradenton, FL
Property Performance: This is a rare new construction deal that makes financial sense for our investors. Already ahead of pro forma schedule after just 6 months of ownership.
Units: 342
City: Houston, TX
Property Performance: This is a classic “B Class” value-add investment opportunity in an affluent west Houston sub-market. We will complete renovations to the units, add amenities, and install washers/dryers to most units, improving the living experiences of our residents.
Units: 440
City: Phoenix, AZ
Property Performance: This is a collection of three “B- class” properties in the amazingly strong Phoenix market. Most of the interiors are in classic condition. Those will be renovated and washers/dryers will be added to about 33% of the units.
Units: 460
City: Mesa, AZ
Property Performance: 460 units in the booming Mesa, AZ market. Units are all in classic condition and the business plan will be to renovate the units, add washers/dryers, and do minor exterior work to the property.
Units: 376
City: Phoenix, AZ
Property Performance: Closed in July 2022, this two property portfolio is comprised of 376 units. Built in 2004 and 1986, these adjacent properties are located in a sub-market with very high demand and strong job growth. The business plan is to renovate classic units and add washers/dryers.
Units: 243
City: Venice, FL
Property Performance: Closed in December 2022, this property is located in Venice, FL (Sarasota) MSA. We own several other properties here and all are out-performing their pro formas.
Units: 665
City: Houston, TX
Property Performance: Closed in November 2023, this set of 3 properties is a great addition to the portfolio.
Units: 240 Location: Houston, TX
This is a portfiolio of industrial properties designed to produce cash flow for investors and equity growth upon sale. The properties are sale/leasebacks with high credit quality tenants on triple net leases.