ENGLAND GROUP PORTFOLIO - DFW/HOUSTON/BERMUDA DUNES CA
Tipton was initially retained when the England Group purchased Fieldcrest Apartments (180 units built in 1984) in Carrollton, Texas in the summer of 1994. Tipton successfully implemented a property renovation plan on that property that included new Hardi siding, exterior paint, major asphalt parking lot repairs, clubroom renovation to include the creation of a fitness room as a new amenity, major improvements to the pool area and retaining wall repairs throughout the property. Tipton's performance on this assignment resulted in our being awarded the other assets owned by the England Group in the DFW area, Houston and in Bermuda Dunes CA. From 1997 through 2013 Tipton managed 3000+ units (both A and B quality properties that were built between 1984 and 2003) for the England Group and was instrumental in the eventual sale of their portfolio. The following represents a brief summary of what was accomplished on that portfolio during the time we managed:
CONCLUSION - Tipton's CONSISTENTLY ABOVE AVERAGE PERFORMANCE resulted in above average returns for our client and their investors and contributed to a successful sale of the portfolio at a price significantly higher than anticipated.