Portfolio
See below for our most recent additions to our portfolio. Please join the Legacy Club if you're interested in learning about current investment opportunities.
Reliant Self Storage Fund I - SOLD Nov 2021
Length of Hold 27 months
Returns - 1.67x, 30% IRR.
The 10 property portfolio is made up of institutional quality value add and stabilized properties in Florida, South
Carolina, North Carolina, and Tennessee.
Covemark
The Covemark project is an ambitious Mobile Home Park (MHP) fund which provides investors with the opportunity to partner with an institutional grade operator, Treehouse Communities. MHPs continue to be in high demand due to the affordable housing crisis and provide investors with double-digit returns.
Reserve at Walnut Creek - SOLD March 2022
Length of hold - 3 year
Returns 2x, 25% IRR
Austin, Texas. 253 units.
Built in 2002, this is an institutional quality investment with exceptional amenities and is located in a growing area of Austin, less than 7 miles from downtown. Sponsor - Wildhorn Capital.
Lexington - SOLD May 2022
Length of hold - 37 months
Returns 1.68x, 21% IRR
Dallas, Texas. 410 units.
This value-add apartment complex was built in 1980 and is located in the highly desirable neighborhood of Richardson which has one of the top school districts in the country. Another solid investment from the Ashcroft team.
Estates at Las Colinas - SOLD May 2022
Length of hold - 38 months
Returns 1.73x, 22% IRR
Dallas, Texas. 415 units
This 1989 apartment complex is an institutional quality investment located in Irving, Texas. This submarket is home to eleven Fortune 500 companies including six headquarters. Sponsored by Ashcroft Capital.
Haven on Peoria - SOLD April 2021
Length of hold - 22 months
Returns 1.5x, 24% IRR
Glendale, AZ. 164 unit Apartment building. This garden style apartment complex in the Phoenix area was built in 1983 and has tremendous value-add potential in the 5th largest city in the US.
Sponsor- Whitehaven Capital
The Baxter at Westwood- SOLD Feb 2022
Length of hold - 29 months
Returns 1.95x, 32% IRR
Austin, Texas. 350 units
This 1983 apartment complex is located in thriving Northwest Austin, just 5 miles from the new Apple Campus and 8 miles from The Domain. It is a B+ class property in an A neighborhood.
Sponsored by Wildhorn Capital.
HIghlands of Preston
Plano, Texas. 380 units
This 1989 apartment complex is an institutional quality investment located in Plano, Texas. Plano has been the epicenter of job growth in the Dallas Forth-Worth area. Sponsored by Ashcroft Capital.
LIV at Winter Park
Orlando Florida. 278 Units
This 278-unit property located in the desirable Winter Park submarket of Orlando, FL Located on a lakefront with upscale amenities in one of the fastest growing locations in the nation.
Sponsored by Ashcroft Capital.
Haven on the Rail - SOLD August 2021
Length of Hold - 20 months.
Returns - 2.0x, 50% IRR
Phoenix, AZ. 94 Units
Located in the city of Mesa, this Class B- property was built in 1964 and 1985 and has tremendous value add potential.
Sponsored by Whitehaven Capital.
LIV at Valley Ranch - SOLD May 2022
Length of Hold - 28 months.
Returns - 1.59x, 23% IRR
Dallas, Texas. 529 Units
This 1985 property is located in the highly desirable master-planned community in Irving. Irving has been nicknamed "The Headquarters of Headquarters" because of it's ability to attract major corporations.
Sponsored by Ashcroft Capital.
Patten East
Austin, Texas. 284 Units
Formerly known as Hawthorne at the District, this 1987 property is located in the hottest submarket of Austin, the East Riverside Corridor 3 milds from downtown Austin. A great opportunity, it is a B class asset surrounded by Class A development.
Sponsored by Wildhorn Capital.
.
630 Fairview - SOLD May 2022
Length of Hold - 22 months.
Returns - 2.2x, 66% IRR
Greenville, South Carolina. 120 Units
This unique investment is a townhome development with an average unit size of 1325 sf. Built in 1988 it resides in a market with excellent growth and highly ranked schools.
Sponsored by Park Capital Partners
Waxhaw Landing - SOLD August 2021
Length of Hold - 9 months.
Returns - 18% IRR
Charlotte, North Carolina
Land entitlement project - 500 lot subdivision will be sold to National Home Builder once entitled and permitted.
Sponsored by Buller River Land Development.
Sync at Liberty Hills
Houston, Texas. 228 Units
This is a Class A- asset in an A+ submarket, built in 2012. It is located on the NE side of Houston only 10 minutes from Houston's new business park, Generation Park.
Sponsored by Momentum Multifamily
Home Star Storage - Memphis
This project is an acquisition of a two-story building in Memphis, TN for conversion to self storage. The business plan is to renovate the industrial building to Class A, climate controlled self-storage facility with 522 units and an additional 23 drive up units to be added in the form of portable units. The renovated building will have elevators and restrooms.
Braxton (Ascend) Waterleigh
The asset is a 354 unit luxury Class A 3-story garden apartment community located in the highly affluent Winter Garden submarket of the Orlando MSA. Recently completed in early 2021 by DHI Communities, a subsidiary of DR Horton Homes, the construction quality and location of the property make it one of the premier investment opportunities in the Orlando MSA
Sponsor - Passiveinvesting.com
Bluewater at Bolton's Landing
Built in 2019, this asset was built by a family owned developer in an affluent submarket of Charleston, South Carolina. Bluewater is a 350 unit 3-story garden apartment community.
Sponsor - Passiveinvesting.com
Home Star Storage Port Charlotte
Port Charlotte, Florida is an acquisition and conversion plan for an industrial space which will have 784 units and 81,513 SF upon completion. This will be a 2 story project, Class A, climate controlled with an elevator to the second floor. With drive by traffic of 36,000 cars per day, this area is underserved by self-storage, at the center of a suburban area that is growing rapidly with 3000 new homes in development within a 2 mile radius.
Bellaterra at Deerbrook
This multifamily asset was built in 2007, 360 units Class A three-story garden-style community. Located in the highly desirable area of Humble, Texas, this project is 100% Value-Add. This opportunity was fully subscribed in 48 hours!
Sponsor - Momentum Multifamily
Mariner Grove
Savannah, Georgia. 320 units
This luxury apartment community built in 2016 is located in Chatham County Georgia, and is strategically located near downtown Savannah, Eastern Wharf, and the Port of Savannah, providing great access to major economic drivers as well as top entertainment hubs.
Location - Savannah GA
Sponsor - Passiveinvesting.com
Henry at Rosenberg
Rosenberg, Texas. 184 units.
Originally built in 2003, this is an institutional quality class A- multifamily property, conveniently located adjacent to Highway 69. This is a prime value ad opportunity bordered by new neighborhoods.
Location - Houston, TX
Sponsor - Momentum MF
PIC 3 Car wash
This car wash portfolio consists of five tunnel car washes along the east coast of the United States. The portfolio of sites includes BrightWave Express, located in Edgewood, Maryland; two Coastal Breeze Express locations, one in Norfolk, Virginia, and the other in Virginia Beach, Virginia; AutoworX car wash located in the heart of Myrtle Beach, South Carolina; and the fifth site is Greer Express Wash, located in the Greenville, South Carolina, MSA.
Location - Various
Sponsor - Passiveinvesting.com
Park Capital Value Add Fund
The Park Capital Value- Add Fund takes a disciplined investment approach that focuses on targeting high-quality, well-located properties. We aim to identify assets in markets with strong
multifamily fundamentals, employment growth, population growth,and other key demand drivers. The Fund has a targeted investment focus on well-located properties in South Carolina, Georgia, North Carolina, Florida, Tennessee, and other markets where thoughtful capital improvements and operational efficiencies can create significant value.
Location - Greenville, SC
Sponsor - Park Capital Partners
Banks at Bridgewater
Myrtle Beach, South Carolina. 252 units.
Completed in 2022, this luxury multifamily property is located strategically in one of the nations fastest growing cities with 40% population growth since 2015. High cost of residential real estate makes it difficult to purchase a home, which increases demand for apartments, and this institutional quality asset has open floorplans with luxurious finishes and a modern amenity package.
Location - Myrtle Beach SC
Sponsor - Passiveinvesting.com
Henry at Jones Road
Cypress, Texas. 114 units
Originally built in 2013, this institutional quality Class A- multifamily property is conveniently located in the highly desirable and well diversified submarket of Houston – the Woodlands – Sugarland MSA, quickly connecting residents to Houston’s major employment centers. This is a prime value add off market opportunity.
Location - Houston, TX
Sponsor - Momentum MF
Lennox
Tempe, Arizona. 88 units.
This asset, located in a desirable sub market of Phoenix, is easily accessible to downtown Phoenix, major employers, and Class A retail directly adjacent to the property. Built in 1972, this Class B asset is a true value-add. Strong demand for renovated Class B product, particularly two- and three- bedroom units. There is only one other asset within a 2 mile radius that offers three bedroom units. There is only one other asset within a 2 mile radius that offers three bedroom units.
Location - Tempe AZ
Sponsor - RSN Partners
Henry at Woodland Hills
Humble, Texas. 257 units
Originally built in 2013, the Henry at Woodland Hills (Generation Park) is an institutional quality Class A- multifamily property. It is located in the highly desirable and well diversified submarket within the Houston Woodlands-Sugarland MSA. This value-add opportunity is conveniently located on the Northeast side of Beltway 8 which quickly connects residents to Houston’s major employment centers.
Location - Houston, TX
Sponsor - Momentum MF
PIC6 Car Wash
This portfolio will consist of eight express car wash locations for acquisition. The first four sites are called Heroes Car Wash, located in the Greenville, South Carolina, MSA. The fifth, sixth and seventh properties are known as Fast Trac Express, located in the thriving city of Huntsville, Alabama. The final and eighth site is a brand new never open location in Columbia South Carolina.
Location - Various
Sponsor - Passiveinvesting.com
Henry at Lake Houston
Humble, Texas. 296 units
This institutional quality Class A- multifamily property was built in 2020. It is conveniently located on the north east side of Houston in the Woodlands-Sugarland MSA, which quickly connects residents to Houston’s major employment centers and is bordered by Generation Park just 10 minutes south. This property is a well-maintained asset that offers a distressed owner sale opportunity.
Location - Houston, TX
Sponsor - Momentum Multifamily