400-450 Multifamily 3-story walkup garden style units in the Heart of Dallas on 22+ acres, serving 3 Young Professional Job Markets. A Stellar Internal Co-Develper Team with 402 years of Commercial Real Estate and Construction Experience executes this project, bringing it through Acquistion, Entitlement, Site Work and Vertical placement. 11 General Contractors were interviewed, selecting the top one with over 50 years of construction experience in the Dallas-Fort Worth area.
Deal-Finding, Capital Stack Raise, Acquisition Services, Financial Evaluation, and Value Engineering with the City Planners of 21.5 acres of raw land with utilities to the street. Conceptual Site Plan development from rough and wrong maps available to aligned land use. Sanitary Sewer evaluation of tap fees, and upgrade from clay pipe to PVC. Mixed Use Planned Development matching the scope of the City Planners future use map.
Deal-Finding, Capital Stack Raise, Acquisition Services, Financial Evaluation with the City Planners of 11.5 acres of raw land with utilities to the street. A-crime rate area with wide 3-lane divided thoroughfares, on a hard corner, contiguous to the golf course and club.
Acquisition Services & Financial Evaluation of a $36M off-market 200,000 sf Industrial, 76 Residential doors, 1 Retail, and 1 Office in turn-key condition with approximately 17% upside in rents. Seller is looking to move to something new.
Honors Way Group did complete Phase I Financial Analysis on the portfolio by property type, city, demographic and comps, including the 6-year projection. Also, found and analyzed the deal via Acquisition Services to flip to another developer.
Plano, Tx
Consulting and connecting partners to complete a $10M off-market property valuation at $11.5 now with a 10 CAP and $224,000 positive cashflow for a consulting fee. Property has a year-round average occupancy of 87% + land to build more.
Provided Value Engineering and Acquisition Services for an 86,000 sf Storage Facility in Rosemead, CA. The project was off-track, and the land owner had passed away, so, the knowledge was gone.
The Honors Way Group team worked with the Civil Engineer, Structural Engineer, Architect, Environmental Engineer, City Planner, City Building Dept, Public Works, Steel Fabricator and Installer, and CalTrans for a fee of 4% of project hard costs.
Along with discovering that the Architect drew a full set of plans on a wrong lot size (4 contiguous lots in 3 cities), the Honors Way Group Team optimized the plan to find an additional 100 units for the investors (originally 57,000 sf to 86,000 sf leasable within the cities floor area ratio). Also, found and analyzed the deal for buyer.
Deal-finding and Financial Evaluation of 109,000 sf Bank-Owned REO of 1999 constructed retail center with 73,000 cars per day traffic count. Starbucks, and other strong credit anchor tenants in place. LOI for $6M on bank-owned property.
Southern California
Acquisition Services& Financial Evaluation of the Investment strategy, budget and draw-down schedule for converting a 33,000 sf 4-story warehouse to Self-Storage to take the lease rate from $0.65/ sf to $2.25/ sf in 9 months.
Developed the local Construction team to fit our business model and use for ongoing projects. Also, found and analyzed the deal for potential acquisition.
Provided Value Engineering and Acquisition Services for an 86,000 sf Storage Facility in Rosemead, CA. The project was off-track, and the land owner had passed away, so, the knowledge was gone.
The Honors Way Group team worked with the Civil Engineer, Structural Engineer, Architect, Environmental Engineer, City Planner, City Building Dept, Public Works, Steel Fabricator and Installer, and CalTrans for a fee of 4% of project hard costs.
Along with discovering that the Architect drew a full set of plans on a wrong lot size (4 contiguous lots in 3 cities), the Honors Way Group Team optimized the plan to find an additional 100 units for the investors (originally 57,000 sf to 86,000 sf leasable within the cities floor area ratio). Also, found and analyzed the deal for buyer.
Off-market Deal-finding, Capital Stack Raise and Financial Evaluation of 109,000 sf Bank-Owned REO of 1999 constructed retail center with 73,000 cars per day traffic count. $900,000 NOI annually. Starbucks, and other strong credit anchor tenants in place. LOI for $6M on bank-owned property.
The Marketplace at Spring Creek is a grocery anchored neighborhood shopping center located at the intersection of W. Spring Creek Parkway and Coit Road within a high-density micro market of Plano, Texas.
With its strong roster of service-oriented tenants, the center attracts over 100,000 customers per month according to smartphone data. Traffic drivers at this intersection include Patel Brothers, Dollar Tree, and Texas Family Fitness. The intersection is also home to: Chick-fil-a, Panda Express, Whataburger, and Walmart.
PLANO, TEXAS
Acquisition Services & Financial Evaluation of $1M purchase price with approximately $2.2M construction costs to build 9 or 14 units (2 or 3 stories based on feasibility study) and have a stabilized value of approximately $5.5M.Project time estimates were approximately 3 months for building permit, 9 months construction, 4 months lease-up. Also, found and analyzed the deal via acquisition services to flip to another investor.
Acquisition Services & Financial Evaluation of a 16-unit project with minimal upgrading necessary inside the units and laundry room.
Rents were approximately $300/mo under market and this is in an area of California by the Ocean that was holding its value, even though the rest of the residential market was normalizing, and there was a lot of inventory on the market. Also, found and analyzed the deal for potential acquisition purposes.
Sole Owner-Operator and Daily operations of Multi-family complex for 6 years. Forced 85% vacancy, finished rehab and deferred maintenance, and then re-tenanted to stabilize property with elderly, disabled and working families.
The property was stabilized in year 1, and continued to be 100% occupied with a waiting list. We forced value and multiplied the property value 2.5 times within 1 year and kept the value for the remainder of the 6 years. Value Engineering was performed on the contiguous lot for an additional 50 units of Class B multifamily, including Conceptual Site Plan.
The property was stabilized in year 1, and continued to be 100% occupied with a waiting list. We forced value and multiplied the property value 2.5 times within 1 year and kept the value for the remainder of the 6 years.
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