The Loop Apartments
The Loop (formerly Loma del Rey) was purchased off-market in September 2014 by a local Dallas investment group. Catalyst was hired as the property management company. A renovation program commenced at takeover including: renovating over 50% of the unit interiors, adding a playground, renovating the office, improving curb appeal and upgrading the mechanical systems. ‘
Catalyst Multifamily Management implemented a utility billback program for water, sewer, gas, pest control and trash at takeover. The utility income started at $0 and has increased to $8,000 per month increasing property value exponentially.