Jordan Multifamily

?? Budget Bootcamp 2025 is in full swing at Aspire Residential! Our team is deep in the process of planning and preparing for the year ahead, making sure we're ready to tackle 2025. Getting everyone together provides a great opportunity to collaborate, encourage one another, and set tough, but achievable goals. A big thank you to our amazing vendor sponsors for providing meals throughout! Excited for what’s to come in 2025 for Aspire Residential and Jordan Multifamily! #Budgeting #Teamwork #PropertyManagement

Thank you to Jordan Multifamily for trusting us to finance yet another acquisition for your firm. It is gratifying to be part of your tremendous growth and we are excited for what is ahead. Great job by our entire team on an extremely smooth process! Andrew Woertendyke Peyton Chur Irene Minderhoud Tiffanee Johnson, MBA

CLOSED!! Today, Jordan Multifamily and partners closed on Lakeside Village, a 76-unit apartment community in Wylie, Texas. This transaction is Jordan Multifamily’s 10th acquisition in the DFW market and 12th overall, bringing total assets under management to $200M+, comprised of 1,838 units. Two big lessons on this one… 1 – Never, ever, give up.?Keep pressing on, no matter how challenging the battle in front of you may seem. 2 – It’s not closed until it’s closed. Thank you to the entire Fluellen-Hoover Multifamily Group for your trust in our firm by providing this opportunity.?It was a pleasure working with your team and the seller on this transaction. Thank you to the CBRE team for sourcing the debt. ?Four straight transactions with you guys. ?Some have had challenges, some were seamless, but you have handled them all with excellence. To the family office who has trusted our team to steward their hard-earned capital and execute our business plan for a third time, we are grateful for this continued partnership. Lastly, thank you to the many service providers who got us over the finish line and who will continue to help us execute our business plan. We are excited to get to work with our in-house management company, Aspire Residential. If you are interested in quarterly passive income, capital appreciation, and unique tax benefits, please make sure to contact us (link below) and a member of our team will reach out to provide more information about our company and any future investment opportunities! https://lnkd.in/gAiWR2az #investing #multifamily #apartments #realestate #multifamilyinvesting #apartmentinvesting #cashflow #passiveincome #passiveinvesting #realestateinvesting #familyoffice #wylie Kevin Skiles Kurt Jordan Nick Fluellen, CCIM Bard Hoover Chris Pearson Josh Berde Andrew Woertendyke Peyton Chur

***NEW DFW MULTIFAMILY INVESTMENT OPPORTUNITY*** ? ACCREDITED INVESTORS ONLY - This is a Reg D 506(c) Offering. We are excited to announce the subscription period is now open for Lakeside Village!?Lakeside Village is a 76-unit apartment community in Wylie, Texas, held by the same ownership group for the last 12 years, providing an opportunity to bring value-add upside through unit renovations and an exterior refresh at a very low basis compared to its sales comps. Additionally, we have secured a long-term, fixed interest rate, loan with four years of interest-only payments, mitigating future interest rate risk, and providing an opportunity to take advantage of any potential interest rate drop with the loan’s flexible prepayment structure. If you are interested in this opportunity, please fill out the form in the link below and a member of our team with reach out right away with further information and instructions. https://lnkd.in/g8UNtX7Z ?? WHY WE ARE EXCITED ABOUT THIS DEAL: -Locked in 10-year loan term with a fixed interest rate (6.22%), 4 years of interest-only payments, and a flexible loan prepay should rates drop -Potential built-in equity as a similar vintage and size property a quarter mile away sold in April 2022 for $62K/unit more than Lakeside Village is contracted to be purchased -62% of the units are large two-bedroom units and across the street from elementary school, both ideal for families and retention -Large floor plans with an average size of 850 SF -Current residents carry $0 of delinquency and the average occupancy is 98% over the last year -Cashflowing Day 1 of ownership without any value-add improvements #investing #multifamily #apartments #realestate #multifamilyinvesting #apartmentinvesting #cashflow #passiveincome #passiveinvesting #realestateinvesting #wylie Kurt Jordan Kevin Skiles

Jordan Multifamily is pleased to announce our new in-house property management company, Aspire Residential! We are excited for all the advantages of being vertically integrated, both for our communities and investors. Give our new page a "follow" to learn more! #management #propertymanagement #growth Kurt Jordan Kevin Skiles

*JUST CLOSED - $29,500,000* With this recap of senior and equity, the sponsor moved from floating to fixed and is now able to use cash flow for working capital instead of cap escrows. With a flexible prepay they are free to explore another refinance when rates drop, sell, or stay in the deal until maturity. No shortage of twists and turns, but our CBRE team executed. Thanks to our lending partners Freddie Mac, M2 Equity Advisors, Livingston Street Capital and our loyal client Jordan Multifamily. Thanks to my team Andrew Woertendyke, Peyton Chur, Webb DeWitt, Molly Johnson and Irene Minderhoud for another job well done!

On October 24, 2023, we took over Lakeland Apartments in Lewisville, Texas. Since takeover, we have renovated 8 units (13% of unit count) at ~$2,500/unit less than forecasted, repaired all exterior carpentry, repainted all buildings, repaired all roofs, repaired and restriped the parking lots, and made all necessary plumbing repairs. We have leased all upgraded units at our Year 1 proforma market rents and are 98% leased overall. In the words of our property manager, "These units are easy to lease. The prospective residents LOVE the upgrades!" Shoutout to TX Gibson Group LLC for their great work on both unit upgrades and exterior renovations. To say we are rocking and rolling at Lakeland Apartments is an understatement. We are excited for our residents, our investors, and the overall success of this project to date! Kevin Skiles Kurt Jordan