CLOSED OFFERINGS
Fort Worth, TX, USA
Units: 62
Target: 17.1% IRR
HOLD: 5 YEARS
This apartment community offered investors the opportunity to purchase a stabilized asset in one of the best workforce housing locations in the Fort Worth area with value-add potential.
Built in 1969, Amberwood is a Class C asset in the Southside Submarket of Fort Worth with phenomenal access to I-20 and I-35W. Residents have access to the Hulen Mall, the Fort Worth Medical District, downtown Fort Worth, and the Dallas-Fort Worth Metroplex. In addition, only one market-rate competitor is within a one-mile radius of the property. Having fully accomplished their 5-year business plan, ownership ultimately chose to dispose of this investment property to cash out their limited partners and refocus their attention on additional assets in their portfolio.
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Unveiling Our Latest Projects: A Journey of Discovery Awaits
About Stoney Creek Highlands
Rapid City, SD
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Units: 278 Target: 15%.- 18% IRR HOLD: 5 YEARS
Stoney Creek offers a lifestyle of convenience and sophistication with spectacular views of the Black Hills. Featuring 1, 2 & 3 bedroom apartments with an open floor plan, full size washer & dryer, granite countertops, walk-in closets, 9 ft ceilings, private patio/balcony, central air, and the list goes on. Lounge in the Clubhouse, relax in the spa, get active in the 24-hour fitness center or spend time at the outdoor pool and fireplace.
Stoney Creek Highlands is an apartment community located in Pennington County and the 57702 ZIP Code. This area is served by the Rapid City Area School District 51-4 attendance zone.
With a 2023 population of 79,989, Rapid City the 2nd largest city in South Dakota and the 447th largest city in the United States. Rapid City MSA has a population of 151,000+. Rapid City is currently growing at a rate of 2.47% (national average is 0.38%) annually and its population has increased by 7.58% since the most recent census.
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