ATX Acquisitions

We’re excited to give you a first look at our 230-unit deal in Jacksonville: Portofino Club. Our managing director, Daniel French, recently joined the ResProp Management team for our due diligence process at the property. Here’s why we love this deal: 🌴Portofino Club is being acquired 20% below a previously contracted offer. 🌴The property is located in the affluent Hidden Hills neighborhood, catering to families seeking upscale living in an area with limited supply. 🌴The property is positioned near major employment centers and attractive amenities. 🌴Targeted returns are extremely attractive: 18.8% Net IRR, 2.19x Net Equity Multiple, and 6.9% Average Cash Yield. This investment opportunity is filling up fast. If you are an accredited investor and are seeking a cash-flowing investment, let us know at https://lnkd.in/gM-3bRnZ. #realestate #multifamily #investment

"In Q2 2024, multifamily absorption reached a 24-year record with 390,000 net units leased over the past 12 months, the highest annual figure since 2000." (From CRE Daily) Dallas and ATX #1 and #2. We hear a lot of people shorting some of our target markets, esp. Austin. Just blink your eye and let absorption do its thing. Supply and demand will be back in balance before you know it.

👀 Look at me.  Look at me.  I am the captain now. Many confuse the asset mgmt role with that of the operator. 📹 Check the 17 second video for a vivid analogy. ⛴ When the ship is sailing along the high seas without issue, the operations team remains at the helm. 🖐 If the ship is broken, or blown off course, the asset management team (the owner or the owner’s rep), must take over.  They are the captain now.  Of course, it needs to be done with respect (and not at gunpoint!!), but it needs to be done. Trust is the key ingredient. We have that recipe for success with ATX Acquisitions and ResProp Management. Peter Byrne Jordon Gofourth Angela Aguilar Forrest White Jay Snyder Abby Ordonez, COS Danielle Maloy Shannon Rico Darlene Donovan, CAM, TCS, UPCS Rachel Ridley Mike Haigh JP Schlueter Slade Weishuhn Matthias Rhein Kevin Weller Colin S.

As we Rexans live out our culture to empower, and make it more real, we will not only generate world-leading products/services and profits as a business, but we will also lead a far more fun, challenging and fulfilling life.

Burning the night oil! Picture from last week in Dallas following a long day of property tours and investor meetings. Evenings are for catching up on emails and underwriting. It's not always pretty, but the hard work pays off. A lot of exciting things coming soon🤫 Have a productive Monday! Sign up on our website at https://lnkd.in/gM-3bRnZ to stay in the loop for future opportunities. Kevin Weller, JP Schlueter, Daniel French, Mike Haigh #mondaymotivation #team

Great tour today of our Eleven600 property in Lake Highlands area of Dallas. We closed on this asset in April this year--with our wonderful partners Anthem Development. The business plan is being executed ferociously by our ResProp Management team and asset management visits like the one we had today are critical to ensure positive momentum. Closing the deal is just the first day of a very long journey--you need laser focus in order to maximize asset value and improve resident's lives. We're on it! Love to see the progress, great work by all! Ross Frankfurt William McNutt Raichel Patrick, CAM, CAPS, ARM® JP Schlueter Matthias Rhein Kevin Weller ResProp Management Andrea Harrel Chelsey Lawson

If you want to succeed in property management, you have to be attached to a broader mission. It's about serving owners and residents. 🎙 I had a great conversation with Tim Little, MBA on his podcast – check it out!  🏘 The conversation covered a ton of ground, specifically focusing on property management. Tim, you were a great host and our ResProp Management team is honored to steward your asset! Check out the podcast. Linked below. #propertymanagement #realestate #serve

Dallas visit! 🤠 We’re touring deals and meeting with investors all week. Lots of exciting partnerships and opportunities built. If you’re an investor or want to learn more about our group, sign up at https://lnkd.in/gM-3bRnZ Matthias Rhein, JP Schlueter, Kevin Weller, Mike Haigh, Daniel French.

Unless you truly are in the guts of property management, you wouldn't know the whole story behind the uptick in evictions. From the WSJ: 👉 "Tenant evictions look stuck at elevated levels in several corners of the U.S., showing little sign of returning to what was typical before the pandemic." Sadly, some of it is driven by this: 👉 "The elevated eviction filing rates in some places follow a sharp acceleration in rents, after pent-up demand during the pandemic flooded supply-short housing markets with people looking to rent. Those rent increases have pushed many lower-income tenants to the brink of what they can afford to spend." What is the WSJ article missing? 🛑 According to a 2024 survey by the National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA), application fraud is widespread and increasing among landlords and property owners:  93.3% of respondents reported experiencing fraud in the past 12 months 🤚 Stopping fraud in the property management space only happens when you have an ultra-sophisticated property management team like ResProp Management running your asset. And you need to also use an AI-driven tech product for fraud protection, something we are building at Rex tech. Reach out if you'd like to learn more or if we can help protect your asset. https://lnkd.in/ghfWHwQB

Deal tour! 🤫 The video says it all - this is a beautiful asset (in a core location). Details to come later. Sign up on our website to be notified about our next deal: https://lnkd.in/gM-3bRnZ #deals #tours #invest