Retreat

Before

After

The Retreat - Temple, TX

The Retreat is another solid value-add acquisition that promises to deliver decent cash-on-cash returns along with solid capital appreciation to investors. This 224-unit property was acquired in September 2018 by Prasiti Investments. The asset is ideally located in Temple, TX, a strong secondary market due to its location in between the major Metroplexes of Dallas and Austin. Prior to takeover occupancy at The Retreat was in the low 90s. There is an opportunity to drive occupancy and 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!