The Azusan
Azusa, California
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Muir Lake 
Austin, Texas
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In a Joint Venture with DRA Advisors, Muir Lake was acquired in early 2019. The 332 unit, Class A apartment complex was built in 2014 and is part of the 189-acre recreational Lakeline Park master plan that includes trails along the lake, open play fields, water activities, and festival areas.

The team plans to initiate improvements to common areas. Upon sale, this property should provide a substantial return to investors. 

The Life at Castle Hills
San Antonio, Texas
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The Life at Castle Hills was acquired in early 2019. The 230 unit apartment complex was built in 1981.

The team plans to initiate improvements to common areas. Upon sale, this property should provide a substantial return to investors. 

The Sofia Apartments
San Antonio, Texas

A 111 unit project, the Sofia Apartments are located in the Alamo Heights submarket of Northeastern San Antonio. 

Existing onsite amenities include picnic areas, a swimming pool, and a central courtyard. The team plans to invest in and add value to the property by improving landscaping and other common areas, as well as renovating apartment interiors. 

The project was sold in 2020.

Cannon Oaks Apartments
Austin, Texas

Acquired by the Sterling Real Estate Holdings JV in early 2018, Cannon Oaks Apartments is a 230-unit complex that was built in 2001.

The property features a fitness and business center, basketball court, playground, swimming pool, and spa. Sterling plans to upgrade the property's landscaping, signage, clubhouse, and unit kitchens.

The project was sold in 2020 for a profit.

Cielo
Phoenix, Arizona

After the acquisition of Maya Linda Apartments, a complex comprised of 336 units in Phoenix, the team rebranded the property "Cielo" as an homage to the beautiful Arizona sky. Ownership soon initiated improvements to the leasing office, clubhouse, model, and common areas In January of 2018, Cielo was sold, providing a return on investment for the parties involved. 

Sterling on 28th
Phoenix, Arizona

A 224 unit property, the Brentwood Apartments were purchased in June 2015, and soon rebranded as Sterling on 28th.

Ownership arranged a 70% LTV bridge financing at closing, along with a strategic private investor capitalization structure that took advantage of the below market entry point and under market rents.

The Ownership then repositioned the asset and updated the leasing office, clubhouse, model and common area amenities.

Rebranded, refurbished, and revitalized, Sterling on 28th was sold in 2016 for a very attractive return to investors.

Chestnut Park
San Antonio, Texas

Chestnut Park, a 145 unit property in Phoenix, was acquired by the partnership in March 2016. Updates to the leasing office, clubhouse, model and common areas have enhanced the asset's overall environment for tenants and visitors, as well as adding value for investors. The project was sold in 2017.

Radius Apartments, Phoenix, Arizona                                              

Acquired by the Sterling team in July 2017, the Radius Apartments is a 130-unit complex that was built in 1970.

At the time of acquisition, many of the units' interiors had already been renovated. The team plans to proceed with improvements to the property's exterior features, such as paint, landscaping and other common areas, as well as exterior branding and signage.

The project was sold in July 2019 for a return to investors.

Seventh Apartments
Phoenix, Arizona

Acquired in June 2018, the 286-unit Seventh Apartments are located in Phoenix's Uptown area.

Onsite amenities include a basketball court, picnic areas, and two swimming pools. The team invested in and added value to the property by upgrading paint, landscaping, signage. The complex's office and apartment interiors were also renovated.

When it was sold in early 2021, the investment provided impressive returns for its investors.