Property Details
Asset Profile
Value Add

The Solaris Apartments

Dallas, TX

Multi-Family Property
ValCap Group Dallas, TX
ValCap Group
  • IRR 23%
  • Equity Multiple 1.8x
  • Hold Period 3Y
  • Minimum Investment $25K
  • Year 1 Cash on Cash 4%
  • Stabilized Cash on Cash 9% in Y2
  • First Distribution Sep 2020
  • Distribution Frequency Quarterly
  • Co-Investment 10%
  • Preferred Return 8%
  • Investor Profit Share 60%
  • Asset Profile Value Add
  • Loan-to-Value 85%
  • Current Occupancy 96.9%

About this Property

Why This Property?

Nick Trajcevski, ValCap Group: "We know a great multifamily value-add deal when we see one. This property has all three of the value-add components we are looking for:

  • Stale or ineffective property management
  • Apartments and Overall Exterior that is not renovated to achieve top rents and
  • A Growth Market

Here we have an irreplaceable location in a white hot sub-market of Dallas, units that are not renovated and a management that is not fully engaged. This kind of deal is our 'bread and butter'."



Why Do You Like This Strategy?

Nick Trajcevski, ValCap Group: "The Richardson submarket of Dallas has all of the right fundamentals for investments like this. High job growth throughout the Dallas area is leading to record-breaking demand for quality workforce housing. Richardson borders Dallas with a great school district, affordable housing, and low vacancy due to high demand. With Solaris having some of the lowest rents in the market, our proven value-add strategy will work perfectly in making this deal a home run."



How Are You Mitigating Risks?

Richard Fishman, ValCap Group: "Our business plan is based on existing rents in the market. As long as we match existing rents from nearby properties we are very successful. Most of the opportunity is captured by purchasing the right asset. We also hold costs down by micro-managing much of the value-add renovations in house or with smaller vendors. Once we execute the business plan we begin thinking about exit strategies with top tier brokers in the area."

About this Property

Why This Property?

Nick Trajcevski, ValCap Group: "We know a great multifamily value-add deal when we see one. This property has all three of the value-add components we are looking for:

  • Stale or ineffective property management
  • Apartments and Overall Exterior that is not renovated to achieve top rents and
  • A Growth Market

Here we have an irreplaceable location in a white hot sub-market of Dallas, units that are not renovated and a management that is not fully engaged. This kind of deal is our 'bread and butter'."



Why Do You Like This Strategy?

Nick Trajcevski, ValCap Group: "The Richardson submarket of Dallas has all of the right fundamentals for investments like this. High job growth throughout the Dallas area is leading to record-breaking demand for quality workforce housing. Richardson borders Dallas with a great school district, affordable housing, and low vacancy due to high demand. With Solaris having some of the lowest rents in the market, our proven value-add strategy will work perfectly in making this deal a home run."



How Are You Mitigating Risks?

Richard Fishman, ValCap Group: "Our business plan is based on existing rents in the market. As long as we match existing rents from nearby properties we are very successful. Most of the opportunity is captured by purchasing the right asset. We also hold costs down by micro-managing much of the value-add renovations in house or with smaller vendors. Once we execute the business plan we begin thinking about exit strategies with top tier brokers in the area."

Offered By

ValCap Group

ValCap Group

Dallas, TX

Login or Register to See More Details

Available to Registered Users

  • Get to know the sponsor behind the offering with key information
  • See an overview of their experience and success
  • Understand their investment strategies
  • Easy access to contact the sponsor directly to learn more
Assets Under
Management

Currently
$730MM 20+ assets
Exited
$330MM 20+ assets
Portfolio LTV
65%  
Historical
Realized Returns

Total IRR
34.3%  
Equity Multiple
3.33x  
Annual Cash
8%  
Years Of
Experience

As Principals
25+ years  
In Business
7 years  
Size
11 Staff * Dedicated investor relations
* All information is reported by ValCap Group as of 7/15/2019.
Assets Under
Management

Currently
$730MM 20+ assets
Exited
$330MM 20+ assets
Portfolio LTV
65%  
Historical
Returns

Total IRR
34.3%  
Equity Multiple
3.33x  
Annual Cash
8%  
Years Of
Experience

As Principals
25+ years  
In Business
7 years  
Size
11 Staff * Dedicated investor relations
* All information is reported by ValCap Group as of 7/15/2019.

Financials

Login or Register to View Financials

Available to Accredited Investors:

  • Get an overview of important financial details to make a smarter investment
  • Analyze the financial pro forma to see how projected returns are distributed over time
  • Review source and uses and other important details
Offering Financial

Sponsor Diligence Report

Login or Register to View Report

Available to Accredited Investors:

  • View principal experience
  • Review background check results
  • Track record verification
Diligence Preview

Location Details

Dallas, TX

Richardson, an inner suburb of Dallas, has become one of the best places to live in all of Texas. The area has seen a positive wave in home prices and rents. However, Richardson still has old, unrenovated product that leads perfectly to our tried and true value-add strategy. This property location benefits from superior access to major thoroughfares I-635 and I-75, which allow residents easy access to some of the largest employment and retail drivers in the area.

Documents

Login or Register to View Documents

Available to Accredited Investors:

  • View, download, and print the offering PPM (Private Placement Memorandum)
  • View, download, and print the detailed financial projections
  • Access all of the important documents for this offering in one place
Offering Agreement Documents

Frequently Asked Questions

Below are some of the most frequently asked questions about this offering.

RealCrowd is free for investors. RealCrowd charges a technology access fee to the operating partner for our services. We do not charge investors any upfront fees, ongoing asset management fees or promote/carried interest in the investments.

RealCrowd offerings are open to accredited investors. RealCrowd does not recommend or advise on any offering on our platform. While we have minimum history and experience threshold for sponsors who post on our platform, if you are unable to perform your own due diligence, please consult with an attorney or financial advisor prior to making an investment.

RealCrowd is a marketplace that connects investors with qualified sponsors. We strive for transparency and impartiality. For this reason, we do not participate in any offerings on our site.

Have a Question?

Send ValCap Group and/or RealCrowd a message. If you have a question about this offering ask ValCap Group. If you have a question about the transaction process or other general inquiry, RealCrowd will be happy to help.

Please resolve the captcha and submit.

We'll get back to you soon!

In the meantime, you can create an account to view detailed information about The Solaris Apartments.

In the meantime, please review the offering documents and financials.

Sign Up for our free 6 week course on the fundamentals of commercial real estate investing.