Case Studies
Major Capital Projects
Nearly every community we acquire has basic improvment needs. These often include: road paving or road repair, tree trimming, utility infrastructure upgrades, and shared community space repair. As long-term investors, our goal is always to ensure these improvements are done cost-effectively, quickly, and sustainably.
Parkside
Before acquisition, we knew the Parkside sewer system had some issues. Once we began it's repair however, we found that nearly half of the park had a failing sewer infrastructure. Third-party contractors bids came in between $1.5 and 2 million dollars. We needed find another way. Through coordination with the local county officials and some innovation from our in-house construction team we were able to find an extremely cost-effective solution and our team completed the project for around 270k.
Los Robles
We knew upon acquisition that this community had a significant crime presence. The community transformation began by partnering with local law enforcement. Simultaneously, over 20 vacant homes were demolished and several more were fixed up and sold. The dirt roads were paved with asphalt and every home received a new concrete driveway. Solar street lighting and a beautiful playground were installed. New homes started to arrive in June 2021 and quickly sold. An extensive tree maintenance campaign costing over 100k revealed the beauty of the majestic oaks and inspired a new name: “Los Robles” (“The Oaks”). Current projects will add an additional 130 lots as well as more outdoor amenities: soccer field, basketball court, pavilion, BBQ pits, and a swimming pool.
Laurel Manor
At acquisition this community had abundant crime, abandoned homes, and neglected infrastructure. There was also a history of discrimination against Spanish-speaking residents. When one of the residents voiced her vision, we asked her to help us transform the community and hired her as the new manager. The transformation was quickly underway: the worst homes were demolished, the roads were repaired, a playground was installed, and a comprehensive tree campaign began. To improve security we worked closely with law enforcement, built a fence on the backside of the park and had solar lights installed. The new community manager's fluency in Spanish and welcoming demeanor also helped to bring in new residents. Laurel Manor’s reputation began to change. The large inventory of vacant homes were fixed up and sold, increasing occupancy from 71 to 110 occupied homes.
Southern Meadows
In December 2020, we purchased this 220-space community in Memphis, Tennessee. During due diligence we discovered a flooding issue in the community but it wasn't until a detailed soil study post-acquisition that we discovered the solution would require a one million dollar investment. Fortunately, with the collaboration of a neighboring property and some ingenuity from our internal engineers, we were able to solve the issue for eighty-five thousand dollars. With the flooding resolved, we were able to invest in a beautiful new park for the community youth (pictured to the right).
Laurel Manor
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