The Hub

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Investment highlights:

The Hub is a very well maintained property across the street from the Texas Rangers Golf Club. The previous owner injected $1.5m in exterior capital expenditure projects including improvements to roof structures, concrete and siding, over the course of ownership.

50% of the unit's interiors are "classic" and have potential for renovation to achieve market rents of nearby comparable properties. The other 50%  have "light" upgrades," which lend themselves to additional renovations that can be done to achieve target rents. 

The north Arlington submarket has a year-over-year rent growth rate of 15.5%. The immediate area supports over 145,000 employees and 11,600 businesses. Costar data shows the Hub's current rents are below markets rents and that with light upgrades to selective units, it has proven that higher rates are achievable. The experienced sponsors teamed with a property management company extremely well-versed with the Arlington market and surrounding area. All these factors make this property a fantastic investment. The team is eager to get the Hub to its true potential!