Applesway Investment Group –

applesway

NEW PASSIVE INVESTMENT OPPORTUNITY

Spring Branch Portfolio, Houston, TX

Cash Flowing Investment Opportunity. 

Spring Branch Portfolio Investment Details

94%

AVG PORTFOLIO OCCUPANCY

$53 MM

EQUITY

$1,171

AVG MARKET RENT

1,623

UNITS PORTFOLIO

1982

YEAR BUILT

$212 MM

PURCHASE PRICE
Outstanding Value-Add Opportunity | Strong Submarket And Property Performance | Attractive Suburban Location | Zoned To Acclaimed Spring Branch ISD Schools

Investment Highlights

Strong Value-Add Opportunity
Ability to upgrade every unit on the property and grow rents to be more consistent with nearby properties

3 CORNERS EAST:

Well maintained asset with nearly $600k in capex spent by current ownership Impressive Property Performance and Lease Trade-Outs

Rent and occupancy figures have grown by 5.5% and 3.5%, respectively, over 2021

The property has seen blended lease trade-out growth of over 10.5% on the past 15 leases at the property Attractive Spring Branch ISD Zoning

Spring Branch ISD given overall school rating of A according to Niche.com

Consistently ranks among the best public schools in the Houston Metro

327

Units

95%

Occupied

$1,366

AVG. MKT RENT (UNIT)

1979

Construction

923

AVG. UNIT SIZE

$1.48

AVG MKT RENT (SF)

387

UNITS

94%

OCCUPIED

$1,132

AVG. MKT RENT (UNIT)

1982

CONSTRUCTION

704

AVG. UNIT SIZE

$1.61

AVG MKT RENT (SF)

3 CORNERS NORTH

Well maintained asset with over $1.0mm in capex spent by current Ownership Impressive Property Performance and Lease Trade-Outs

Rent and occupancy figures have grown nearly 8.0% and 3.5%, respectively, throughout the second half of 2021

Property performance has increased dramatically throughout 2021 and blended lease trade-outs of over 9.5% on the last 15 leases Attractive Spring Branch ISD Zoning

Spring Branch ISD given overall school rating of A according to Niche.com

Consistently ranks among the best public schools in the Houston Metro

3 CORNERS WEST

Well maintained asset with over $1.5mm in capex spent by current ownership Impressive Property Performance and Lease Trade-Outs

Occupancy and total rental income have grown over 6.5% and nearly 15%, respectively, over the second half of 2021

The property has seen blended lease trade-out growth of over 13% on the past 15 leases at the property Attractive Spring Branch ISD Zoning

Spring Branch ISD given overall school rating of A according to Niche.com

Consistently ranks among the best public schools in the Houston Metro

389

UNITS

96%

OCCUPIED

$1,132

AVG. MKT RENT (UNIT)

1970

CONSTRUCTION

890

AVG. UNIT SIZE

$1.27

AVG MKT RENT (SF)

520

UNITS

94%

OCCUPIED

$1,052

AVG. MKT RENT (UNIT)

1980 & 1983

CONSTRUCTION

732

AVG. UNIT SIZE

$1.44

AVG MKT RENT (SF)

HAMMERLY OAKS

Well maintained asset with nearly $2.7mm in capex spent by current Ownership Excellent Property Performance

Rent and occupancy figures have grown nearly 5.5% and 8.0%, respectively, throughout 2021

Lease trade-outs have shown positive growth momentum with last 10 blended new and renewal leases exceeding 13.5% Attractive Spring Branch ISD Zoning

Spring Branch ISD given overall school rating of A according to Niche.com

Consistently ranks among the best public schools in the Houston Metro

★ 506(c) offering For Accredited Investors Only

Take A TOur

Take A TOur

Take A TOur

3 Corners East
3 Corners North
3 Corners West
Hammerly Oaks

We Are Multifamily Investment Professionals

EXPERIENCED SPONSORSHIP TEAM

With a combined 20+ years of experience and 8,000+ unit of Multifamily with Market Value of $800+ Million in closed transactions. We have the subject matter expertise, key relationships, and proven track record to execute huge profitable deals.

LEADERSHIP WITH PROVEN TRACK RECORD

We encourage and reward entrepreneurial behavior, leading by example, prudent risk-taking; and we seek to foster an atmosphere of respect and empowerment for all our employees.

CONSERVATIVE

We are a team of opportunistic investors focused on creating long-term wealth. We leverage our deals and we carefully create sustainable cash flow and limit risk.

DILIGENT

Closing a deal, while challenging, is the easy part. Executing the business plan is hard. It takes perseverance and persistence to achieve what we set out in our underwriting.

A MESSAGE FROM JAY

Offering Memorandum

invest for passive income, investment opportunity

WHY SPRING BRANCH PORTFOLIO

RESERVE YOUR SPOT
Spring Branch PORTFOLIO

Schedule A Free Strategy Call

Applesway Investment Group is a real estate investing company located in Dallas, Texas. We focus on acquiring stable, income producing multi-family properties in emerging U.S. markets.

How Do We Select Deals

UNDERWRITE OVER 100 TO FIND 1-2

Hundreds of deals come across our desk on a consistent basis. With our strict underwriting guidelines, we see 1-2 great deals to execute on every 100.

CAP RATE HIGH ENOUGH FOR STABILIZED ASSET

Generally, we focus on more high value-add plays, but sometimes we come across more stabilized deals that have.

VALUE-ADD UPSIDE POTENTIAL

Can we increase the NOI which will bring up the value of the asset? For example, current rents are below market rents due to unit quality, Can we rehab the units and increase rents?

VERIFYING ACTUALS, NOT PROFORMAS

Brokers love to provide buyers with financial projections (proformas) as if they were today’s numbers. We verify, and base our analysis and offer on ACTUALS.

STRONG LOCAL RENT GROWTH

We dive deep into the deals submarket to understand the rent trends

DO THE NUMBERS WORK

After all of the aforementioned, we come up with Maximum Allowable Offer (MAO), which is the maximum amount we can pay to acquire the deal.

Meet The Appleways Investment Group Team

Jay R. Gajavelli

Jay R. Gajavelli

Founder and CEO

Paddy Rao

Asset Manager

Kim M. Alexander

Asset Manager

Michael Liggett

Investors Relationship Manager