23Hundred

Before

After

23Hundred - Sherman, TX

23Hundred is another solid value-add acquisition that promises to deliver strong cash-on-cash returns along with capital appreciation to investors. This 216-unit property was acquired in April 2018 by Prasiti Investments. The asset is ideally located in Sherman, TX, a strong secondary market due to its diverse employment base and close proximity to DFW. Prior to takeover occupancy at 23Hundred was already in the high 90’s, leading the sub-market average of 96.7%. There is opportunity to drive rent increases by modernizing and upgrading the common areas and unit interiors to be the market leader in this class. It will be exciting to see the rehab and repositioning occur over the next 6-12 months!