Current
Cantera Apartment Homes
1910 S Josey Ln, Carrollton, TX 75006
172 units · Acquired in 2024
Acquisitions
Finding value in apartment communities.
Our criteria
What do we look for in an acquisition?
Our acquisition strategy targets high-potential Class B and C multifamily properties in robust submarkets with strong economic fundamentals.
We look for properties where planned renovations can improve the living experience and support the property’s cash flow. We prioritize properties that enhance residents’ quality of life through improved living conditions and community development. Our due diligence tests each potential acquisition against our financial performance and risk management criteria.
Location
Is the community in a good area for growth? What other properties are nearby that will compete with our acquisition?
Quality
We assess the quality of the initial build and any upgrades or changes made prior to acquisition so we know exactly what we’re getting into.
Limited new supply
Class B properties are our sweet spot. Very little new Class B housing is being built, so well-run communities stay in demand.
Care and condition
We closely inspect properties before acquiring them to identify condition issues and estimate the expenses we may face after purchase.
Ability to upgrade
Are we able to make the upgrades we know our prospective residents care most about?
Opportunity for growth
Does this acquisition line up with our goals for growth?
Acquisitions
Current and sold.
Current
The Pearl on University
2425 Old North Rd, Denton, TX 76209
36 units · Acquired in 2023
Sold
The Cedars
315 Cedar St, Cedar Hill, TX 75104
32 units · Purchased in 2021, sold in 2023