Red Knight Properties

Pleased to announce our new podcast, “Discovering Multifamily”! Let's build wealth together. Discovering Multifamily features former NFL Fullback Brian Leonard & Anthony Scandariato of Red Knight Properties and is designed to discuss gaining financial freedom through multi-family real estate investing. Here, we interview investors, entrepreneurs, mentors and industry gurus, who educate the audience by sharing experiences in the real estate industry and advice on building wealth. Podcast Feed Website: https://lnkd.in/ek8EUFj Find us on Spotify: https://lnkd.in/eAMPuAK ITunes: https://lnkd.in/eTGK2wn Stitcher, iHeart Radio, Pandora, TuneIn + Alexa Link Coming Soon #podcasting #education #valueaddmultifamily #realestate #tunein #njmultifamily #podcast #realestateindustry #buildingwealth #investwisely #realestatemarketing #realestateinvesting #realestatetraining #investsmart

JUST?CLOSED! Pleased to announce Red Knight Properties' disposition of Paddock & Paradise Apartments, a 85-unit apartment community in Ocala, Florida! * ~18% Gross IRR (Internal Rate of Return) In 33 Months * - Initially acquired an off-market sixty-one (61) unit apartment community in Ocala, Florida ‘Paddock Apartments’ from a long-term “mom & pop” private ownership group, and motivated seller in November, 2021 - Subsequentially acquired the adjacent twenty-four (24) unit apartment community ‘Paradise Apartments’ off-market from the same long-term “mom & pop” private ownership group, and motivated seller in March, 2022 - Successfully increased apartment in-place rent average from ~$650 to ~$1,200 with a strategic cosmetic interior & exterior capital improvement plan within 33 months upon acquisition - Nearly doubled in-place net operating income within a 33-month investment holding period - Combined the two properties & parcels as one rebranded 85-unit complex & successfully disposed of the asset within a total of 33 months; realized a gross investor levered internal rate of return (IRR) of ~18% Thank you for all of our partners, for making this possible and for your unwavering support! To learn more about future opportunities, join the Red Knight Investor Association by scheduling a call here: https://lnkd.in/dPkFzKC

Formal case study on the recent disposition of one of our owned & managed 85-unit multifamily apartment communities, Paddock Apartments, in Ocala, Florida coming soon - in the meantime, great work Jason Hague & RPH Multifamily Group of Marcus & Millichap! Congratulations to all involved!

A new report has found Ocala is the second most popular city Americans are moving to in 2024. https://lnkd.in/eSjXicRW

https://lnkd.in/eZavqD9S

JUST?CLOSED! Pleased to announce Red Knight Properties' disposition of Eastdale Oaks, a 104-unit apartment community in Montgomery, Alabama! * ~15% Gross IRR (Internal Rate of Return) In 15 Months * -?Initially acquired one hundred & four (104) apartment units in the East Montgomery submarket of Montgomery, Alabama, from a long-term private ownership group and motivated seller in January, 2023 -?Nearly doubled in-place apartment rent average with a strategic cosmetic interior & exterior capital improvement plan within fifteen (15) months upon acquisition -?Grew in-place net operating income upon purchase by ~45% within a 15-month investment holding period -?Successfully disposed of the asset within fifteen (15) months; realized a gross investor levered internal rate of return (IRR) of ~15.00% Thank you for all of our partners, for making this possible and for your unwavering support! To learn more about future opportunities, join the Red Knight Investor Association by scheduling a call here: https://lnkd.in/dPkFzKC

Ocala is officially the fastest-growing market in Florida, with a net increase of 16% YOY (3,849 net move-ins). It is attracting new residents from across the country, especially from more expensive markets within Florida. Why Ocala? ? Affordable Housing: Ocala offers relatively affordable housing, making it an attractive destination for first-time homebuyers and retirees. ? Strong Job Market: Ocala is drawing new businesses and professionals to the area, especially in healthcare and logistics. ? Outdoor Lifestyle: Residents enjoy a laid-back lifestyle with access to various outdoor activities, including world-class equestrian facilities. The surge in new residents has spiked demand for residential and commercial real estate. With plenty of land for development, Ocala is well-positioned to capitalize on its continued growth. Are you curious about investing in Ocala? Let's discuss how to get involved in one of Florida's fastest-growing markets. #housing?#migration?#construction?#land?

Formal case study on the recent disposition of one of our owned & managed 104-unit multifamily apartment communities, Eastdale Oaks, in Montgomery, Alabama coming shortly - in the meantime, great work Josh Jacobs & Royce Emerson! Congratulations to all involved!