Owners and brokers
Sell an apartment complex.
If you want to sell an apartment complex, start with the loan. Cody Leivas and Dan Friess are partners working together on suburban value-add multifamily opportunities. They read garden apartments whose loans are past the interest-only period, or whose maturity may force a refinance.
What to send
The property, the market, and what the loan is doing. A rent roll is more useful than a flyer. Financing and operations are evaluated deal by deal.
Where
The markets of interest are Louisville and southern Indiana, Charleston and Greenville, Des Moines and Ankeny, Winston-Salem, Cary, and Mooresville, and Chattanooga, Murfreesboro, and Franklin. These are not assets owned.
Prior experience
Amherst Place in Louisville is prior experience of Dan Friess, who is based in San Juan Capistrano, CA. 84 units, built in 1984. Purchased in October 2018 for $8.4 million. Approximately $2.5 million of capital improvements. Sold in April 2022 for $14.6 million. Rents increased 53%. It is not an acquisition of Capistrano Real Estate Partners or Cody Leivas, and it is not a price for the property you are selling.
How to send it
Use Submit a Deal. Name the property, the market, the unit count if you have it, and why the loan makes it a sale. A rent roll can follow to cody@capistranore.com.