CASE STUDY
Waterstone Place
Stafford, Texas
168 Units
Purchased: October 2016
Sold: April 2018
The Opportunity
Acquire a multifamily property in a desirable school district encumbered by unattractive debt and manufactured housing construction, which eliminated the majority of competing buyers.
The Approach
Through thoughtful capital improvement, executed at a low cost, Crossbeam leveraged the appeal of the property’s location and 2-3 bedroom layouts to align with the needs of families.
The Results
Enhanced apartment interiors equipped with updated amenities and decor resulted in higher in-place rents and significantly increased the value of the property.
Project IRR
Equity Multiple
