Stone Banyan Capital Portfolio
Sold Portfolio – 2,000+ units
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Life at Spring Estates Houston, TX
372
Total Units2.09x
Equity Multiple26.31%
IRR -
Life at Spring Estates in Houston, TX
This 372 unit apartment community was acquired in 2019. Built in 2008, it is sophisticated living, with a community pool, gym, BBQ area and business center. The property features manicured lawns, large palm trees and a park like setting.
Acquired in 2019
Sold in 2022
Units
201
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556 Unit Apartment Complex Stone Mountain, GA
556
Total Units1.52x
Equity Multiple16.67%
IRR -
556 unit Apartment Complex sold in Stone Mountain, GA
Located in a growing suburb of Atlanta, Georgia. Acquired in August 2018. Our opportunity is to better manage the property and add value through property improvements.
Acquired in 2018
Sold in 2021
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826 Unit Apartment Portfolio Austin, TX & Raleigh, NC
826
Total Units1.50x
Equity Multiple13.31%
IRR -
826 unit Apartment Portfolio sold in Austin, TX and Raleigh, NC
Class A Multifamily Portfolio with 826 units in growth markets of Austin, Texas and Morrisville, NC (Raleigh market) with large average unit size in excess of 1,000 sq feet and built in 2007.
Acquired in 2017
Sold in 2020
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Waterstone Place Corpus Christie, TX
168
Total Units1.71x
Equity Multiple41.63%
IRR -
Waterstone Place in Corpus Christie, TX
This 168 unit multifamily apartment community was acquired in 2016. The property features lush landscaping, as well as an executive business center, fitness center and 2 playgrounds. Each apartment comes equipped with stainless steel kitchen appliances, granite countertops, full size washer and dryers and more.
Acquired in 2016
Sold in 2018
Units
168
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392 Unit Apartment Community Bentonville, AR
392
Total Units1.55x
Equity Multiple13.04%
IRR -
392 unit Apartment Community sold in Bentonville, AR
99% leased apartment complex purchased in a growing submarket (headquarters of Walmart). Purchased at 12% discount to market value. Projected average 8% cash yield. Developed in 2007.
Acquired in 2015
Sold in 2019
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42 Unit Apartment Development Philadephia, PA
42
Total Units2.05x
Equity Multiple16.50%
IRR -
Apartment Developed and Sold in Philadelphia, PA
Multifamily property located in the revitalizing University City Neighborhood of West Philadelphia. The property was developed and purchased in three phases through 2016-2017. Since development, the property has stabilized operations and is producing significant cash flow.
Acquired in 2016
Sold in 2021
Units
168