past-multifamily-properties

Past Properties Under Management

Any property that comes and goes through our system, always increases in value.  Our goal is to maximize value and overall yield to ourselves, to our clients and to our investors.   The investment returns on deals that we have been involved in have always been extremely good.  Our most recent deals have resulted in 50% to 70% plus returns (Internal Rates of Return "IRR") for our investors.  Typically, when we have gone after a deal or management contract, we look closely at where the property is and where we believe we can take it.  We look at the physical needs, the sub-market and its rents, the specific goals of our investment group or owner of the property, and only get involved if we are convinced that we can make a positive change.  Then, we execute the plan, aggressively and with purpose.  Our way is usually at a level of intensity that cannot be matched.  View our Past Properties to see some Case Studies, Before and After Photos, and a write up on what we have been able to accomplish in the past.  If we were involved, the property is better off than when we took on the project.  We know of no case when this is not true.  


Bay Island at Harbor Point

Bay Island was purchased off-market in November 2013 by a local Dallas group and an investor out of California. The property is well located with views of Lake Ray Hubbard. Immediately after acquisition a renovation program began which included: interior unit upgrades, new roof, leasing office upgrade, full exterior paint, resealing and restriping the parking lot and curing other deferred maintenance. Catalyst Multifamily Management kept the property 90%+ occupied during ..LEARN MORE →

Property Overview

Address:
6109 Bay Island Drive
Garland, TX 75043
# of Units:
120
Style:
Garden Style
Location:
Texas
Take-over Date:
November 2013
Acquisition Date:
November 2013
Acquisition Price:
Disposition Date:
Disposition Price:
Total Hold (months):
Internal Rate of Return:
Our Involvement:
Fee Managed,a Key Principal,Our Cash Invested

Villas del Sol Apartments

Villas del Sol was purchased off-market along with Wedgewood in January 2015 by a local Dallas investment group. Catalyst was hired as the property management company. A $326,000 ($3,100 per unit) renovation program commenced at takeover and included: upgrading 50% of the unit interiors, remodeling the office, making the mechanical systems more energy efficient (HVAC, water heaters, plumbing, water conservation) and improving the curb appeal. Through the first 9 months of owner..LEARN MORE →

Property Overview

Address:
6100 Westcreek Drive
Fort Worth, TX 76133
# of Units:
104
Style:
Garden Style
Location:
Texas
Take-over Date:
January 2015
Acquisition Date:
January 2015
Acquisition Price:
Disposition Date:
Disposition Price:
Total Hold (months):
Internal Rate of Return:
Our Involvement:
Fee Managed,Our Cash Invested,Renovation Management

Cooks Creek Apartments

Cooks Creek was purchased in March 2014 by a local Dallas group and an investor out of California. Immediately after acquisition a renovation program commenced. The property required major foundation repair for which management had to vacate buildings while the repairs took place. Catalyst Multifamily Management was able to keep occupancy stable through moving residents around during the foundation repair. The foundation repair work is now complete and the property is fu..LEARN MORE →

Property Overview

Address:
2706 Cookscreek Place
Farmers Branch,TX 75234
# of Units:
250
Style:
Garden Style
Location:
Texas
Take-over Date:
March 2014
Acquisition Date:
March 2014
Acquisition Price:
Disposition Date:
Disposition Price:
Total Hold (months):
Internal Rate of Return:
Our Involvement:
Fee Managed,a Key Principal,Renovation Management

Slate Apartment Homes

Catalyst Multifamily Management was hired in September 2015 to take over the property management of the Slate Apartments for an existing Client. Immediately after takeover Catalyst installed their professional property management practices through: renovating and leasing vacant units at market rents, improving collections and lowering expenses through installing our vendors and strict financial management. Catalyst will be responsible for the oversight and management of the Client&rsquo..LEARN MORE →

Property Overview

Address:
4720 Wellesley Avenue
Fort Worth, TX 76107
# of Units:
121
Style:
Garden Style
Location:
Texas
Take-over Date:
September 2015
Acquisition Date:
September 2015
Acquisition Price:
Disposition Date:
Disposition Price:
Total Hold (months):
Internal Rate of Return:
Our Involvement:
Fee Managed,Renovation Management

Summit View Apartments

Catalyst Multifamily Management was hired as the third party property management company when the owner purchased Summit View in December 2013. At acquisition, the property was an REO which the owner filled with Section 8 tenants. Catalyst was able to convert the property to market rate residents and in the process upgraded 72% of the units. The property also received: a renovated office, club house, fitness and business center. After stabilization the owner hired MBP Capital as ..LEARN MORE →

Property Overview

Address:
4900 Bryant Irvin Road North
Fort Worth, TX 76107
# of Units:
167
Style:
Garden Style
Location:
Texas
Take-over Date:
December 2013
Acquisition Date:
Acquisition Price:
Disposition Date:
Disposition Price:
Total Hold (months):
Internal Rate of Return:
Our Involvement:
Fee Managed,Listing Broker,Renovation Management

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 co..LEARN MORE →

Property Overview

Address:
517 North Loop 288
Denton, TX 76209
# of Units:
160
Style:
Garden Style
Location:
Texas
Take-over Date:
September 2014
Acquisition Date:
September 2014
Acquisition Price:
Disposition Date:
Disposition Price:
Total Hold (months):
Internal Rate of Return:
Our Involvement:
Fee Managed,Our Cash Invested,Renovation Management

The Monterey Apartments

MBP Capital, Inc. partnered with a repeat client for the purchase of The Monterey (formerly Kirkwood Park) in October 2014. The client previously worked with MBP Capital on a separate property in Irving, TX which he refinanced out all of his original equity. After refinancing his equity, the investor was ready for another investment opportunity. MBP Capital represented the client in their acquisition of The Monterey and came in as an investor alongside the client. Catalyst Mul..LEARN MORE →

Property Overview

Address:
700 South Story Road
Irving, TX 75060
# of Units:
160
Style:
Garden Style
Location:
Texas
Take-over Date:
October 2014
Acquisition Date:
October 2014
Acquisition Price:
Disposition Date:
Disposition Price:
Total Hold (months):
Internal Rate of Return:
Our Involvement:
Fee Managed,a Key Principal,Buyer's Broker,Renovation Management

Tierra del Sol Apartments

Tierra del Sol (formerly Huntington Chase) was purchased off-market in May 2014 by a local Dallas group and an investor out of California. The property underwent a renovation program that included: new roofs, upgrading 25% of the interiors, curing deferred maintenance and improving curb appeal. Catalyst Multifamily Management was able to keep occupancy over 93% while the renovation occurred and the utility billback implementation went on. The program includes billin..LEARN MORE →

Property Overview

Address:
1111 North O'Connor Rd
Irving, TX  75061
# of Units:
260
Style:
Garden Style
Location:
Texas
Take-over Date:
May 2014
Acquisition Date:
May 2014
Acquisition Price:
Disposition Date:
Disposition Price:
Total Hold (months):
Internal Rate of Return:
Our Involvement:
Fee Managed,a Key Principal,Our Cash Invested,Renovation Management

Wedgewood Apartments

Wedgewood was purchased off-market along with Cinnamon Tree in January 2015 by a local Dallas investment group. MBP Capital joined as a passive investor and was hired as the property management company. A renovation program commenced at takeover and included: upgrading 50% of the unit interiors, remodeling the office, making the mechanical systems more energy efficient (HVAC, water heaters, plumbing, water conservation) and improving the curb appeal. Through the fir..LEARN MORE →

Property Overview

Address:
2819 Walton Avenue
Fort Worth, TX  75062
# of Units:
118
Style:
Garden Style
Location:
Texas
Take-over Date:
January 2015
Acquisition Date:
January 2015
Acquisition Price:
Disposition Date:
Disposition Price:
Total Hold (months):
Internal Rate of Return:
Our Involvement:
Fee Managed,Renovation Management

Property Overview

Address:
832 Courtenay Place
Garland, TX 75040
# of Units:
26
Style:
Garden Style
Location:
Texas
Take-over Date:
Acquisition Date:
Acquisition Price:
Disposition Date:
Disposition Price:
Total Hold (months):
Internal Rate of Return:
Our Involvement:
Fee Managed,Buyer's Broker,Listing Broker,CapEx Project Manager,Renovation Management

Property Overview

Address:
506 N. Rogers Road
Irving, TX 75061
# of Units:
52
Style:
Garden Style
Location:
Texas
Take-over Date:
Acquisition Date:
Acquisition Price:
Disposition Date:
Disposition Price:
Total Hold (months):
Internal Rate of Return:
Our Involvement:
Fee Managed,Buyer's Broker,Listing Broker,Renovation Management

Crest View Apartments

Catalyst Multifamily took over management responsibilities of the property in May 2014. Crest View had significant deferred maintenance that required attention including roofs and siding and several months before closing four units were damaged from a fire. Catalyst's experience with capital projects allowed us to craft a renovation plan that cured the deferred maintenance, improved the unit interiors, amenities and curb appear all while satisfying the lender’s needs. Catalyst Multi..LEARN MORE →

Property Overview

Address:
370 Crestone Lane
Colorado Springs, CO 80905
# of Units:
190
Style:
Garden Style
Location:
Colorado
Take-over Date:
May 2014
Acquisition Date:
Acquisition Price:
Disposition Date:
Disposition Price:
Total Hold (months):
Internal Rate of Return:
Our Involvement:
Fee Managed,Buyer's Broker,Renovation Management

Property Overview

Address:
1910 South Josey Lane
Carrollton, TX 75006
# of Units:
160
Style:
Garden Style
Location:
Texas
Take-over Date:
Acquisition Date:
Acquisition Price:
Disposition Date:
Disposition Price:
Total Hold (months):
Internal Rate of Return:
Our Involvement:
Fee Managed,Listing Broker,Renovation Management

Property Overview

Address:
701 W. Buckingham Road
Garland, TX 75040
# of Units:
38
Style:
Garden Style
Location:
Texas
Take-over Date:
Acquisition Date:
Acquisition Price:
Disposition Date:
Disposition Price:
Total Hold (months):
Internal Rate of Return:
Our Involvement:
Fee Managed,Buyer's Broker,Listing Broker,Renovation Management

Village East Apartments

MBP Capital, Inc. represented the experienced, local buyer of Village East when they purchased the property in August 2013. The property had been listed on the market for one year and had fallen out of contract several times due to deferred maintenance issues. Village East had significant deferred maintenance that required attention including major foundation work. MBP’s experience with capital projects allowed us to craft a renovation plan that cured the deferred maintenance, moved..LEARN MORE →

Property Overview

Address:
1700 Village East Drive
Denton, TX  76209
# of Units:
133
Style:
Garden Style
Location:
Texas
Take-over Date:
August 2013
Acquisition Date:
August 2013
Acquisition Price:
Disposition Date:
Disposition Price:
Total Hold (months):
Internal Rate of Return:
Our Involvement:
Fee Managed,Buyer's Broker,Renovation Management

Property Overview

Address:
2121 West Irving Blvd
Irving, TX 75061
# of Units:
91
Style:
Garden Style
Location:
Texas
Take-over Date:
Acquisition Date:
Acquisition Price:
Disposition Date:
Disposition Price:
Total Hold (months):
Internal Rate of Return:
Our Involvement:
Fee Managed,a Key Principal,Our Cash Invested,Buyer's Broker,Listing Broker,Renovation Management

Whisperwood Apartments

Whisperwood was purchased as a distressed REO in October 2011. The property was suffering from serious neglect and had occupancy of 59.4% at takeover. Several units were not in rentable condition and the mechanical systems needed a major overhaul. MBP Capital, Inc. acquired the distressed property and immediately began renovations to get the units in rentable condition. Evictions were filed on all non-rent paying residents further reducing the initial occupancy. At takeover Whi..LEARN MORE →

Property Overview

Address:
220 S Jupiter Rd
Garland, TX 75042
# of Units:
Style:
Garden Style
Location:
Texas
Take-over Date:
Acquisition Date:
October 2011
Acquisition Price:
Disposition Date:
Disposition Price:
Total Hold (months):
Internal Rate of Return:
Our Involvement:
Fee Managed,the Key Principal,Buyer's Broker,Listing Broker,Renovation Management

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