We truly love the upside potential with this property in the portfolio we purchased! Upon closing, the rents were significantly below market, providing a golden opportunity to quickly increase cash flow. This 28-unit deal was underperforming due to poor management, deferred maintenance, dated interiors, and other conditions providing the perfect opportunity to rebrand and remodel to increase property value.
The success of this and any value-add project hinges on the strength of the development and management team. Our team at Allied Management has over 30 years of experience in operations, construction and property management. They successfully manage over 10,000 units across multiple states. By applying proven processes and resources, we are able to optimize net operating income (NOI) to hit our targets and keep our investors happy!