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Elmcrest Capital, is a privately held real estate investment firm that owns and manages 36 million in real estate properties across the US. The firm is vertically integrated with deep focus on opportunistic acquisitions and strategic investments in multifamily, new development, and hotel assets.
Elmcrest Capital provides services on behalf of its investors to cover all aspects of our real estate investments from origination to asset management to disposition. We strive to bring transparency and cash flow to our investors that makes us different than most investment firms, ensuring everyone has access and visibility into their investments and performance at the utmost level.
Strategy
Strategy
We aim to bring opportunities in locations that have overweight growth, strong historical trends, and many attractions for tenants. We focus on assets that we can add value to, while providing our investors with strong yearly cash flow.
Team
Team
Elmcrest Capital's team has the experience of having led over $2B in transactions, as well as nearly 10 years of asset management experience. We pride ourselves on partnering with the best for our investors.
Process
Process
Our goal is to make the investment process as smooth as possible. We offer our investors security with an emphasis on cash flow, while ensuring transparency through the entire investment process.
LATEST ACQUISITION
Pine Arbor Apartments
Pine Arbor Apartments
Closed in December, 2023, this 114 unit asset in Houston, TX is a project with a immediate cash flow and investor upside. With $1.2M in planned capex for the exterior and interior of the asset, increasing the quality of the asset is expected to be increased while still providing a great community for affordable prices for the Garden Oaks submarket.
The asset has been well maintained, with the asset seeing occupancy between 92-100% for the last 18 months. The asset was purchased above a 6.40% cap rate and poses to provide strong cash flow as the macro market stabilizes.
Targeted IRR: 18%+
Targeted Cash on Cash: 7%+
Parkside Place Apartments
Parkside Place Apartments
Closed in July, 2023, this 321 unit asset in Pasadena, TX is an affordable housing project with a immediate cash flow and investor upside. With $3.5M in planned capex for renovation to renew and modernize the asset, ownership projects to continue the historical trend of high occupancy while helping enhance housing for the community.
The submarket is very constrained for rental properties, and the asset is located near a variety of employment, education, medical, and transportation hubs posing for good appreciation growth over the hold.
Targeted IRR: 18%+
Targeted Cash on Cash: 7%+
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