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Our principals invested personally and served in co-general-partner and active operating roles, alongside unaffiliated lead sponsors, on multifamily and other real-estate transactions. Across those transactions our principals have contributed to sourcing and underwriting acquisitions, coordinating financing, overseeing renovation and property management, and monitoring performance — not solely as passive limited partners. Outcomes vary; not every transaction was profitable. This is operating experience, not a record of investor returns or a guarantee of results.
*This section describes the experience of ID Asset Group and/or its principals for informational purposes only. It is not an offer of any security and is not a performance representation.
Located next to a school and the I-20, this 418 Unit Class B Community has Median Household Income of $72K within One-Mile Radius
Previous ownership had $3.5MM in Capital Improvements since 2015, including new roofs
75% 2BR/3BR units; Average Unit Size of 1,024 sqft–targeting families as tenants with lower turnover
All Individual HVAC Units and Individual Hot Water Heaters
No Immediate Rental Competition-Nearest Competing Property is Roughly 2 Miles Away
76% total loan, including rehab, with NO exit fees and 5 years interest only
212-units, C Class asset in the B Class Lewisville submarket, 30 minutes from Downtown Dallas, with Median Household Income of $63K within One-Mile Radius. Basswood Manor is in front of an elementary school, close to services (dining, shopping, hospital, lakes, nature preserve, DFW airport) and has easy access to major thoroughfares (I35E).
The property, built in 1970 on 15 acres, is in high demand during COVID, with mostly 2-3 bedrooms and large sized floor plans– ideal for families who tend to stay put. It has 96% occupancy and 99% collection rate.
The asset has minimal deferred maintenance: roofs were replaced in 2017; mechanicals (HVAC and boilers) were replaced in 2019.
Resilient Market & Great Location: Dallas-Fort Worth is the top market in the US for population growth and job growth. Rents are higher than pre-COVID levels and still lower than expected mortgage payment.
third party lead sponsor also owned the property management, Mars Residential, resulting to better cost control
71% LTV, Freddie Mac fixed-rate date 2.9% interest rate, with 5 years of interest-only payments
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