Submarket: Orlando, FL No. of Units: 216 Square Footage: 214,096 Asset Type: Multifamily Date Acquired: August 2022
Built in 2015, Sonoma Pointe is a 216-unit property located in the Hunters Creek submarket of Orlando, Florida. All the units already include stainless steel appliances, granite countertops, washer and dryers, vinyl plank flooring, and USB Outlets.
ZMR as part of the renovation schedule plans to repaint cabinets, install gooseneck faucets and add tile backsplash.
Sunridge
No. of Units: 216
Date Acquired: June 2022
Las Vegas, NV
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Sunridge
4855 E Vegas Valley Dr., Las Vegas, NV, 89121
Submarket: Las Vegas, NV No. of Units: 216 Square Footage: 205,984 Asset Type: Multifamily Date Acquired: June 2022
Built in 1991, Sunridge is a 216-unit building located in the Sunrise Manor submarket of Las Vegas, Nevada. The property presents an opportunity to renovate all the units.
ZMR plans to bring the property to market along with implementing a value-add program to bring all units to an elevated finish level scope.
Preserve at Riverwalk
No. of Units: 300
Date Acquired: April 2022
Tampa, FL
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Preserve at Riverwalk
360 11° Street E, Bradenton, FL, 34208
Submarket: Tampa, FL
No. of Units:300 Square Footage: 328,375 SF Asset Type: Multifamily
Date Acquired: April 2022
Built in 2018, Preserve at Riverwalk is a 300-unit property located favorably near the Bradenton Riverwalk, Bradenton’s main attraction spanning 1.5 miles overlooking the Manatee River. Preserve at Riverwalk is a new construction building that is currently leasing at below-market rents.
Units can be upgraded with light enhancements in order to bring the property up to market rents.
Camila
No. of Units: 320
Date Acquired: April 2022
Orlando, FL
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Camila
1880 Destiny Blvd, Kissimmee, FL, 34741
Submarket: Orlando, FL
No. of Units:320 Square Footage: 351,215 SF
Asset Type: Multifamily
Date Acquired: April 2022
Built in 1990, Camila is a 320-unit property located in the North Kissimmee submarket of Orlando Florida.
The prior owner implemented a mixed scope of interior upgrades due to the condo finishes. ZMR Capital plans to renovate 100% of the units and bring them to a consistent renovated scope. There is also an opportunity to add/construct 60 more units on the property which could significantly enhance the operations and cash flow going forward.
Laurel at Altamonte
No. of Units: 240
Date Acquired: April 2022
Orlando, FL
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Laurel at Altamonte
500 Jordan Stuart Circle, Apopka, Florida, 32703
Submarket: Orlando, FL
No. of Units:240 Square Footage: 280,552 SF
Asset Type: Multifamily
Date Acquired: April 2022
Built in 2000, The Laurel at Altamonte is a 240-unit property located in the Poplar Orlando suburb of Altamonte Springs, near the uptown area.
The property was previously a condo complex that was fully acquired by the seller and the HOA dissolved. ZMR has the opportunity to bring all units to a renovated and consistent scope by implementing a value-add renovation plan.
Under Contract
Skye Reserve
No. of Units: 982
Date Acquired: March 2022
TAMPA, FL
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Skye Reserve
1918 Plantation Key Cir, Brandon, FL, 33510
Submarket: Tampa, FL
No. of Units:982 Square Footage: 871,191 SF Asset Type: Multifamily Date Acquired:March 2022
Built in 1991, Skye Reserve is a 982-unit building located in the Brandon submarket of Tampa Florida. The property has the largest footprint in the submarket, allowing for the ability to achieve scale while minimizing transaction cost in a submarket poised for growth and presents an opportunity to renovate 80% of the units. ZMR Plans to bring the property to market along with implementing a value-add program to bring all units to an elevated finish level scope along with W&D equipment in all units.
Palms at Palisades
No. of Units: 125
Date Acquired: December 2021
TAMPA, FL
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Palms at Palisades
512 Camino Real Ct, Brandon, FL 33510
Submarket: Tampa, FL
No. of Units:125 Square Footage: 105,600 SF Asset Type: Multifamily Date Acquired: December 2021
Built in 1981 Palms at Palisades is a property located in the Tampa submarket of Brandon Florida. Currently, 73 units have been renovated and are below market rents, ZMR plans to bring the property to market along with continuing the in-place value add program across all units. The property features a favorable unit mix with 76% of the unit being 2 or 3 bedroom units. The property has low density and provides tenants with multiple amenities and is located in close proximity to several financials
and insurance companies along the I-75 corridor including Citibank, USAA, JPMorgan, and Ford Motor Credit. The job growth in these industries has fueled local housing demand.
Brandon Oaks
No. of Units: 160
Date Acquired: December 2021
TAMPA, FL
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Brandon Oaks
110 Summerfield Way, Brandon, FL, 33510
Submarket: Tampa, FL
No. of Units:160 Square Footage: 156,590 SF Asset Type: Multifamily Date Acquired: December 2021
Built in 1974, Brandon Oaks is a property located in the Tampa submarket of Brandon, Florida. The property presents an opportunity to renovate 100% of the units as there is no renovation program currently in place. ZMR plans to bring the property to market along with implementing a value-add program across 50% of the units along with standardizing W&D connections and appliances in 95 of the units.
Pecan Square
No. of Units: 440
Date Acquired: November 2021
Dallas, TX
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Pecan Square
Submarket: Dallas, TX
No. of Units:440 Square Footage:356,954 SF Asset Type: Multifamily Date Acquired: November 2021
Pecan Square is located in Northwest Dallas and is 5.3 miles away from the Dallas Love Field Airport, Dallas’ only urban airport employing 8,600 people on-site and serving 14.5 million passengers per year. The surrounding area is experiencing a revitalization. Currently, the $200 million West Love Development is slated to deliver 200,000 square feet of office, 65,000 square feet of retail, and a 244-room hotel. The $200M development is a partnership between KDC, Westin, and Aloft. As indicated by the significant investment in the area, Northwest Dallas is a growing submarket within urban Dallas and provides easy access to the trendy Park Cities.
Bayou Bend
No. of Units: 308
Date Acquired: November 2021
Dallas, TX
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Bayou Bend
Submarket: Dallas, TX
No. of Units:308 Square Footage:236,862 SF Asset Type: Multifamily Date Acquired: November 2021
Bayou Bend is located in Northwest Dallas and is 5.3 miles away from the Dallas Love Field Airport, Dallas’ only urban airport employing 8,600 people on-site and serving 14.5 million passengers per year. The surrounding area is experiencing a revitalization. Currently, the $200 million West Love Development is slated to deliver 200,000 square feet of office, 65,000 square feet of retail, and a 244-room hotel. The $200M development is a partnership between KDC, Westin, and Aloft. As indicated by the significant investment in the area, Northwest Dallas is a growing submarket within urban Dallas and provides easy access to the trendy Park Cities.
Reserve at Conway
No. of Units: 220
Date Acquired: November 2021
Orlando, FL
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Reserve at Conway
3149 Landtree Place, Orlando, FL 32812
Submarket: Orlando, FL No. of Units:220 Square Footage:164,485 SF
Asset Type: Multifamily
Date Acquired: November 2021
Reserve at Conway is a low-density building boasting a large footprint (15 Acres) in the South Orlando submarket. This submarket receives significant spillover from the tourism corridor along with being home to large employers such as Lockheed Martin. The propertyis located less than 15 minutes away from Downtown Orlando, the Orlando International Airport and Advent Health. The Orlando submarket has consistently been rated one of the highest growth cities in the nation. The US Census has also noted the amount of diversity and highly educated newcomers. 70% of Orlando newcomers are college-educated with the majority coming from New York and Miami.
The Julia
No. of Units: 320
Date Acquired: September 2021
Mesa, AZ
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The Julia
546 S Country Club Road, Mesa, AZ 85210
Submarket: Mesa, AZ No. of Units: 320
Square Footage:281,508 SF
Asset Type: Multifamily
Date Acquired: September 2021
The Julia is a 320 unit multifamily property located in the high-growth submarket of Mesa, Arizona. The property features 228 2-Bedroom, 2-Bathroom units with attractive floor plans that are in high demand with low supply in the surrounding area. Growth in the Mesa submarket is being fueled by the revitalization of Downtown Mesa and the opening of a new ASU campus 1 mile from The Julia. The addition of the new ASU campus is expected to cause long term, end-user demand growth in the area.
Hanley Place
No. of Units: 400
Date Acquired: July 2021
TAMPA, FL
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Hanley Place
7315 W Hanna Ave, Tampa, FL 33634
Submarket: Tampa
No. of Units: 400
Square Footage: 398,895 SF
Asset Type: Multifamily
Date Acquired: July 2021
Hanley Place is a low-density multifamily community boasting a large footprint (18.5 Acres) in the prominent submarket of Town ‘n’ Country in Tampa Bay. The property is well located with access to world-renown beaches and is just 14 minutes away from both downtown Tampa Bay and the West Shore business district, home to the Raymond James stadium – host of Super Bowl XXXV, XLII and LV. The West Shore district is also home to major fashion brands, home décor brands, trendy restaurants, and craft breweries.
Tampa Bay was named the #9 fastest growing large cities by WalletHub and was ranked #10 for fastest-growing Median house price growth. The growth in the city and increasing housing pricing make Tampa a leading market for multi-family investment.
Currently Held by ZMR Capital
Chimney Hill
No. of Units: 240
Date Acquired: May 2021
DALLAS, TX
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Chimney Hill
9637 Forest Lane, Dallas, TX 75243
Submarket: Dallas/Fort Worth
No. of Units: 240
Square Footage:211,704 SF
Asset Type: Multifamily
Date Acquired: May 2021
Chimney Hill sits in Northeast Dallas just off Interstate-635, within four miles of six different grocery stores and within walking distance to Forest Lane Academy. The Property is also within close proximity to several major employment centers including the Telecom Corridor, the corporate headquarters for Texas Instruments, Presbyterian Hospital Dallas, Medical City Dallas, and Downtown Dallas.
Dallas was named the #2 fastest growing economy by Forbes and has seen tremendous growth over the last decade, consistently leading the nation in both job and population growth.
Currently Held by ZMR Capital
Park Place
No. of Units: 338
Date Acquired: June 2021
FORT MYERS, FL
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Park Place
4637 Deleon Street, Fort Myers, FL 33907
Submarket: Fort Myers
No. of Units: 338
Square Footage:284,210 SF
Asset Type: Multifamily
Date Acquired: June 2021
Fort Myers/Cape Coral is the 7th fastest growing MSA in percentage growth in the U.S at 22% (2018).The city of Fort Myers experienced a 7.67% rental increase since 2017. According to U.S News, Fort Myers ranks No. 2 on the Best Places People Are Moving list for the second straight year.
The property is located in a very multifamily-friendly market. Costar projects high rent growth in the upcoming years, and a median income that is at 28% of proforma rents.
Currently Held by ZMR Capital
Upland Townhomes
No. of Units: 348
Date Acquired: June 2021
ATLANTA, GA
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Upland Townhomes
6850 Mableton Parkway, Atlanta, GA 30126
Submarket: Atlanta
No. of Units: 348
Square Footage:290,024 SF
Asset Type: Multifamily
Date Acquired: June 2021
The property’s suburban, yet close-in location offers connectivity to all of Atlanta’s top job hubs, including Downtown, Midtown, Buckhead, the Platinum Triangle, Perimeter Center, and Hartsfield-Jackson International Airport. The site also benefits from being located just off I-20, creating unparalleled connectivity to a multitude of major Atlanta employers.
Atlanta continues to grow as the economic capital of the Southeast and as a global business hub. Atlanta is one of the fastest-growing metros, with the 10th largest GDP in the United States.
Currently Held by ZMR Capital
The Flats
No. of Units: 112
Date Acquired: May 2021
MESA, AZ
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The Flats
1045 South San Jose Street, Mesa, AZ 85202
Submarket: Mesa
No. of Units: 112
Square Footage:66,401 SF
Asset Type: Multifamily
Date Acquired: May 2021
Positioned centrally among the greater Southeast Valley, District Flats has convenient access to ±240,800 professionals across ±7,000 businesses within a five-mile radius, and access to ±426,100 professionals across ±11,000 businesses within a ten-mile radius.
While these economic efforts have driven a rapid rise in rental demand, the supply of multifamily housing has remained relatively stationary creating a favorable investor opportunity. As a result, the Southwest Mesa submarket has seen approximately ±6.00% year-over-year rent growth and occupancy at ±96% as of 4Q2020. In addition, Southwest Mesa has the highest average rental rate in Mesa.
Currently Held by ZMR Capital
Nightingale on 25th
No. of Units: 240
Date Acquired: May 2021
PHOENIX, AZ
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Nightingale on 25th
15620 North 25th Avenue, Deer Valley, AZ 85023
Submarket: Phoenix No. of Units: 240
Square Footage: 174,016 SF
Asset Type: Multifamily
Date Acquired: May 2021
Nightingale on 25th is strategically located adjacent to an on-ramp for the I-17 freeway and approximately 3 miles south of the Loop 101 freeway. These two major freeways provide residents with easy access to other Valley cities and additional employment centers like Downtown Phoenix, the Scottsdale Airpark, and the Arrowhead area.
The Deer Valley submarket offers residents a dense suburban feel and most residents own their homes with median values over $250,000. In Deer Valley there are a lot of parks, bringing many families and young professionals to live in Deer Valley. The public schools in Deer Valley are above average.
Currently Held by ZMR Capital
The Parks at Walnut
No. of Units: 308
Date Acquired: September 2020
DALLAS, TX
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The Parks at Walnutt
10000 Walnut St, Dallas, TX 75243
Submarket: Richardson ISD, Dallas, TX
No. of Units: 308
Square Footage: 195,520 SF
Asset Type: Multifamily
Date Acquired: September 2020
Located in Richardson ISD, the property benefits from an excellent location in a highly sought after school district. According to Axiometrics, the submarket is expected to see at least 4% annual rent growth through 2022. There are 0 units currently under construction or planned within a 3-mile radius.
The property lies in the heart of the Telecom Corridor, and is the 2nd largest employment center in DFW. The surrounding area’s major employers include the State Farm facility (8,500 employees), an AT&T division (1,100 employees), Blue Cross Blue Shield HQ (3,100 employees), and UTD (2,674 employees).
Status: Currently Held by ZMR Capital
Ninety-Nine44 on Walnut
No. of Units: 308
Date Acquired: September 2020
DALLAS, TX
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Ninety-Nine44 on Walnut
9944 Walnut St, Dallas,
TX, 75243
Submarket: Richardson ISD, Dallas, TX
No. of Units: 206 Units
Asset Type: Multifamily
Date Acquired: September 2020
260 Unit Apartment Community in the Richardson ISD area of Dallas.
Located in Richardson ISD, the property benefits from an excellent location in a highly sought after school district. According to Axiometrics, the submarket is expected to see at least 4% annual rent growth through 2022. There are 0 units currently under construction or planned within a 3-mile radius.
The property lies in the heart of the Telecom Corridor, and is the 2nd largest employment center in DFW. The surrounding area’s major employers include the State Farm facility (8,500 employees), an AT&T division (1,100 employees), Blue Cross Blue Shield HQ (3,100 employees), and UTD (2,674 employees).
Status: Currently Held by ZMR Capital
SOLD
Las Lomas Apartments
No. of Units: 224
Date Sold: July 2022
DALLAS, TX
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Las Lomas Apartments
834 Timberlake Dr, Arlington, TX, 76010
Submarket: Arlington, TX
No. of Units: 224
Square Footage: 195,520 SF
Asset Type: Multifamily
Date Acquired: December 2019
Date Sold: July 2022
224 Unit Apartment Community in the Arlington area of Dallas.
Arlington, TX consistently ranks as one of DFW’s top sub markets for rent, population and employment growth. This sub market has seen very low vacancies and strong rent growth due to a lack of new development and a high demand for high quality workforce housing.
Economic drivers in the immediate area include: Cowboy Stadium, Texas Live, GM Motors Assembly Plant, Six Flags Theme Park, Lockheed Martin and the new I-30/360 interchange.
Status: Sold
SOLD
Alexandria Landing Apartments
No. of Units: 476
Date Sold: May 2021
ATLANTA, GA
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Alexandria Landing Apartments
2135 Godby Rd, Atlanta, GA, 30349
Submarket: College Park, Atlanta
No. of Units: 476
Square Footage: 478,251 SF
Asset Type: Multifamily
Date Acquired: October 2018
Date Sold: May 2021
Conveniently located near shopping and Atlanta’s Hartsfield-Jackson Airport with easy access to I-285, this is a prize asset in a quickly improving submarket.
ZMR Capital is carrying out extensive unit renovations and property improvements to reposition it within the Atlanta marketplace.
Status: Sold
The Park at Peachtree Hill
No. of Units: 118
Date Acquired: December 2019
ATLANTA, GA
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The Park at Peachtree Hills
480 Peachtree Hills Ave NE, Atlanta, GA, 30305
Submarket: Buckhead, Atlanta
No. of Units: 118
Square Footage: 73,750 SF
Asset Type: Multifamily
Date Acquired: December 2019
118 Unit Apartment Community in the Buckhead area of Atlanta, GA.
Atlanta is attracting fast growing technology companies and focusing on cutting edge development. The Park at Peachtree Hills offers superior connectivity to major employment centers such as Buckhead, Midtown, Downtown and the Perimeter.
It is projected that Atlanta will rank third in the country in terms of job growth for 2026-2020. The unemployment rate just fell to 3.4%.
Status: Currently Held by ZMR Capital
SOLD
Pine View Apartments
No. of Units: 91
Date Acquired: March 2016
ORLANDO, FL
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Pine View Apartments
4731 N Pine Hills Rd, Orlando, FL, 32808
Submarket: Pine Hills, Orlando
No. of Units: 91
Square Footage: 93,200 SF
Asset Type: Multifamily
Date Acquired: March 2016
91 Unit Community located in West Orlando, Pine Hills. ZMR Capital stabilized the property by increasing efficiency, tenant screening, raising the rents, and minor renovations.
The property was sold for a then-record price in the Orlando submarket for cardinal homes.
Status: Sold
SOLD
Riviera Villas
No. of Units: 40
Date Acquired: August 2015
ORLANDO, FL
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Riviera Villas
1625 Mercy Drive Orlando, FL, 32808
Submarket: Pine Hills, Orlando
No. of Units: 40
Square Footage: 32, 600 SF
Asset Type: Multifamily
Date Acquired: August 2015
40 unit town home community located just West of the Central Business District, near Universal Orlando Resort.
ZMR Capital carried out major renovations, increased occupancy to capacity,increased rents, improved tenant screening, major landscaping before selling the property.
Status: Sold
SOLD
Phillippi Shores
No. of Units: –
Date Acquired: April 2018
SARASOTA, FL
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Phillippi Shores
1860-1872 Phillippi Shores Dr Sarasota, FL, 34231
Submarket: Phillippi Shores, Sarasota
No. of Units: –
Square Footage: 16, 100 SF
Asset Type: Multifamily
Date Acquired: April 2018
ZMR Capital completed extensive renovations to the exterior and interior of the entire property, replacing the roof, A/C systems, drastically improving the swimming pool, amenities and landscaping.
Status: Sold
SOLD
Park Sands Apartments
No. of Units: 28
Date Acquired: July 2015
TAMPA, FL
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Park Sands Apartments
702 E 113th Ave, Tampa , FL, 33612
Submarket: University Tampa
No. of Units: 28
Square Footage: 42, 400 SF
Asset Type: Multifamily
Date Acquired: July 2015
28 unit town home community located in close proximity to Interstate 275, University of South Florida.
ZMR Capital renovated the units, stabilized and increased the rent, improved the tenant screening before selling the property.
Status: Sold
SOLD
Mixed Portfolio
No. of Units: –
Date Acquired: 2014
TAMPA & ORLANDO, FL
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Mixed Portfolio Tampa & Orlando
Tampa & Orlando, FL
Submarket: Tampa & Orlando, FL
No. of Units: –
Square Footage: –
Asset Type: Multifamily
Date Acquired: 2014
A mixed portfolio of townhomes, multifamily units, and apartments.
ZMR Capital carried out minor renovations, improved the tenant base, increased rents, and occupancy prior to selling.
