TRAILS AT RIVER PARK – ARLINGTON, TX
We assisted our client who purchased the General Partnership interest in this 1980's “C” class asset. Their agreement provided that the new GP would provide the funds necessary to address deferred maintenance issues at the property, improve performance of the property through a management change and position it for a sale within 2 – 4 years. Tipton assumed management and successfully completed the following:
CONCLUSION – Tipton's client successfully marketed the property for sale approximately 3 years after our initial takeover and two years after the successful completion of the repairs to address the deferred maintenance issues and make improvements to the property and units.
AS A RESULT OF THEIR SALE OF THE PROPERTY – OUR CLIENT REALIZED A 250% GAIN ON THEIR INVESTMENT OVER A 3 YEAR TIMEFRAME.