Deal Offerings
The Courts of Bent Tree
168 units
Class B+ apartments
Dallas (Addison submarket)
506(c) Offering for Accredited Investors
>Minimum Investment: $50k
> 3-5 year hold
>AAR: 11.28% - 15.13%
>IRR: 11.06% - 14.16%
>Avg Cash on Cash: 5.65% - 6.78%
>Equity Multiple: 1.44x - 1.56x
Strong Asset
The Courts of Bent Tree is an institutional-quality property with excellent "bones." The property was built as a newer vintage (1990's) and has minimal deferred maintenance. In addition, it is being acquired from a family office which maintained it well, which significantly reduces risk by minimizing capital expenditures and therefore maximizing returns.
Strong Market
The property is highly sought after in part due to its tremendous strategic location.
It is immediately adjacent to the fairways of the Bent Tree Country Club Golf Course, where residents currently pay a premium of $187 above rent for the golf course views. The city of Addison is an ideal location in the DFW metro, as it is just 13 miles north of downtown Dallas, 16 miles northeast of DFW airport, 11 miles north of Love Field airport and about a mile from The Dallas Galleria.
Strong Residents
The Courts of Bent Tree not only is located in a prime market, but also has a noteworthy tenant base primarily of lifestyle renters. The average tenant resides on the property 3.8 years, with some tenants having been residents for 10, 15, and even 30 years. Current tenant qualifications require 3.5x income in comparison to current rents, which 88% of the tenants currently meet or exceed.
Strong Operators
VIVE Funds’ CEO, Veena Jetti, our lead sponsor, is usually the largest investor in every deal. VIVE Funds and Blue Lake Capital have bought and sold over $1BN+ in multifamily units across the US. Their combined team has diverse background in multifamily acquisitions, financing, asset management, disposition, and value-add execution.
Phone: (469) 606-3792
Email: [email protected]
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