Tiger Flats Apartments, Memphis, TN

Acquired on-market, Class B multi-family property near the University of Memphis.

Acquired on-market in 2015, this property was initially 50% vacant and in a highly distressed condition. Working within a tight budget, our development team executed a full renovation using a blend of cash flow and capex funding. Upon stabilization, the property was refinanced and held for five years, ultimately being sold at over a 3x multiple on equity. The team managed every aspect of the project—from acquisition and renovation to property and asset management—ensuring a successful turnaround.