The Courts Midtown, Memphis, TN

Acquired off-market, vacant, blighted Class C Muti-Family full renovation.

Acquired off-market, this property was vacant, blighted, and boarded up when we took possession. Our project team secured a 20-year tax abatement and construction financing to execute a comprehensive renovation. The property was taken down to the studs and rebuilt with modern finishes, exterior upgrades, enhanced lighting, updated signage, and refreshed branding. In select buildings, completely new mechanical, electrical, and plumbing systems were installed to elevate quality and performance. Additionally, a gated parking lot was added on an adjacent site to further improve the asset. Now nearing stabilization, the property is set to be refinanced within the next 18 months, marking a significant milestone in its transformation.