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Portfolio

Portfolio

Value-add, rebranding, management, and the successful exit of undervalued multifamily properties acquired on and off-market. We acquire properties that have been badly maintained and mismanaged. With our successful process of repositioning through branding, renovations, and better management we are able to drastically improve the value of the asset.

  • Built a $7m portfolio from an initial $20,000 investment
  • Experience working with Historically Designated Buildings and acquiring Historical Tax Credits
  • Over $8,000,000 in transactions
  • Every property owned by SDG has either sold for at least twice the purchase price or is currently valued at twice the purchase price
  • Successfully invested, full-gut rehabbed and managed hundreds of apartment units at an average occupancy rate of 90%
  • Over 10 years of experience with 100+ doors managed
  • Experience working with Voucher Programs and providing Low-income and Veteran housing

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Purchase Price: $57,000
Renovation Costs: $10,000
Sales Price: $102,000
Current Market Value: N/A
Equity  Multiple: 1.52
IRR:8%

With an initial investment of $20,000 in 2011, SDG purchased one of its first properties for $57,000.

While the 2,200 square foot home was in decent condition, approximately $11,000 in renovations were completed. Suite Modernization included updated kitchen, bathrooms and living rooms, consisting of LVP flooring, stainless steel appliances, modern fixtures, Smart Home Technology.

The property was held for two years and sold $102,000. Proceeds of $35k were re-invested.

As our first investment, many lessons were learned.

Experience gained:

  • Dealing with hoarders and squatters
  • Eviction process
  • HOA properties are a niche to avoid

Purchase Price: $215,000
Renovation Costs: Renovate “as you go” 
Sales Price: N/A
Market Value: $600,000
Equity Multiple: 2.79
IRR: 12% 

Our Cornerstone project, a 6-unit building one-block off Main street and the new Streetcar Rail, remains in the SDG portfolio.

Suite Modernization included updated kitchen, bathrooms and living rooms, consisting of LVP flooring, stainless steel appliances, modern fixtures, Smart Home Technology.

Electrical, Mechanical, Plumbing Upgrades were made throughout the building, as well as grading the property for proper drainage and a new parking lot

Rents have increased from $375 to $750/month.

Experience gained:

  • Full building electrical upgrade
  • Foundation and structural repairs
  • Grading adjustments

Purchase Price: $120,000
Renovation Costs: $27,000
Sales Price: N/A
Current Market Value: $475,000
Equity Multiple:3.23
IRR:15% 

This single-family home was converted to three (3), separately metered units. The property is across the street from a park and the 350,000sf Plexpod, the largest coworking space in the country.

Suite Modernization included updated kitchen, bathrooms and living rooms, consisting of LVP flooring, stainless steel appliances, modern fixtures, Smart Home Technology.

Electrical, Mechanical, Plumbing Upgrades were made throughout the building, as well as grading the property for proper drainage, a new parking lot and outdoor space.

Rents range from $700 to $1,350/month.

Experience gained:

  • Hazmat & Trauma cleanup
  • Roofing
  • Sewer replacement

Purchase Price: $128,000
Renovation Costs: $65,000
Sales Price: N/A
Current Market Value: $500,000
Equity Multiple: 2.63
IRR: 12% 

The four (4) unit property is on the Historical Register and required extensive negotiations with the City and Neighborhood Association.

After sitting vacant for twelve (12) years, the property underwent a complete suite modernization that included updated kitchen, bathrooms and living rooms, consisting of LVP flooring, stainless steel appliances, modern fixtures, Smart Home Technology.

Electrical, Mechanical, Plumbing Upgrades were made throughout the building, as well as the replacement of a collapsed front deck.

Located on Main Street (along the developing Streetcar rail) rents remain in the range of $900-$975/month.

Experience gained

  • Rehabbing partially collapsed buildings
  • Historic Preservation/ Neighborhood Associations
  • City grants

Purchase Price: $20,000
Renovation Costs: N/A
Sales Price: $50,000
Market Value: N/A
Equity Multiple: 2.5
IRR: N/A

A quick-flip to gain experience in whole-sale experience.
 

 

 

 

Purchase Price: $138,000
Renovation Costs: $11,000
Sales Price: $265,000
Market Value: N/A
Equity Multiple: 1.78
IRR: N/A

  

Suite Modernization included updated kitchen, bathrooms and living rooms, consisting of LVP flooring, stainless steel appliances, modern fixtures, Smart Home Technology.

The property was held for two years and sold $265,000.

Experience gained:

  • Vetting contractors
  • Voucher programs

Purchase Price: $435,000
Renovation Costs: $157,000
Sales Price: $1,050,000
Market Value: N/A
Equity Multiple: 1.777
IRR: 12%

 A fifteen (15) unit, formerly heavily subsidized complex was completely renovated, including
updated kitchen, bathrooms and living rooms, consisting of LVP flooring, stainless steel appliances, modern fixtures, Smart Home Technology.

Electrical, Mechanical, Plumbing Upgrades were made throughout the building, as well as the addition of a private courtyard.

At the time of sale, rents had increased from $375 to $800/month.

The property was held for two years and sold $1,050,000.

Experience gained:

  • Landscaping
  • Security systems

Purchase Price: $250,000
Renovation Costs: $200,000
Sales Price: N/A
Current Market Value: $8000,000
Equity Multiple: 1.78
IRR: N/A 

Phase 1 of the Parc West 65 project is a twelve (12) unit partial burnout that has been completely renovated.

Suite Modernization included updated kitchen, bathrooms and living rooms, consisting of LVP flooring, stainless steel appliances, modern fixtures, Smart Home Technology.

Electrical, Mechanical, Plumbing Upgrades were made throughout the building, as well as the addition of a private courtyard and a new parking lot.

Newly tenanted units are achieving rents 7% above surrounding market.

Experience gained:

  • Importance of finding a quality PM
  • State/ Federal Historic Tax Credits

Purchase Price: $1,500,000
Renovation Costs: $1,500,000
Sales Price: N/A
Market Value: $4,500,000
Equity Multiple: 1.5
IRR: N/A 

Phase 2 of the Parc West 65 project is a four (4) building, 53-unit complex currently under a gut renovation. Once complete, the project will receive Historical Tax Credits from both the State and Federal government. The project also benefits from the local property tax abatement program.

Suite Modernization included updated kitchen, bathrooms and living rooms, consisting of LVP flooring, stainless steel appliances, modern fixtures, Smart Home Technology.

Electrical, Mechanical, Plumbing Upgrades were made throughout the building, as well as the addition of private courtyards and new parking lots.

Experience gained:

  • See Phase 1
  • Gut rehab