Value Add ValueADD.jpg

Value Add
El Paso, TX

  • Three Property Multi Family Apartment Portfolio; 236 Units
  • 6 Months after PMG takeover, the portfolio realized:
    • 3% Average income growth
    • Expense savings of over $50,000
    • Improvement of operating expense ratio by 12%
    • 41% increase in net operating income
  • PMG identified and resolved issues at property:
    • Removed and rectified employee theft
  • Improved overall financial health
  • Identified & provided a $1.6M capital improvement plan as a part of a larger repositioning plan
  • Owner realized $1.0M cash investment towards the capital improvement plan by proving increased valuation