Open Doors Capital partnered with Ashcroft Capital in May 2017 to invest passively in a 196 unit property in Dallas/Forth Worth. The purchase prise was $13.3M.
98-Fifty is a 196-unit, apartment complex built in 1980. The property features four floor plans consisting of efficiency-, one-, and two-bedrooms. The community features a swimming pool, a business center, outdoor BBQ and picnic area, playground, clothes care center, and dog park.
So far the projected returns has exceeded our expectations.