Takeflyte Properties

We've been investing in Arlington since 2017 and this data shows why we continue to do so!! Two deals that we acquired in 2021 are already at our Y5 proforma rents and occupancy has stayed ahead of expectations. With demand starting to pick up again, we're excited about what the future holds for this area!!

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Takeflyte Properties strikes again! We are beyond excited to announce our second acquisition in 100 days, this time an 18-unit complex in the heart of Arlington, TX. This C-class property is right next door to the property we acquired in August which gives us 34 units on the same block! This acquisition was the result of a direct mail marketing campaign we did after our initial deal, including some quick relationship building, and we couldn’t be more pleased with the result.

After just 3 weeks since our acquisition next door, we quickly mobilized our “A-team” for legal, lending, inspections, GC, insurance, and property management, to execute on this opportunity. We are planning to extend the same rehab plan to these 18 units as we did on the initial 16 units. This will include new paint, flooring, countertops, toilets, vanities, lighting, ceiling fans, hot water heaters, HVACs, and windows. We will paint the exteriors of all the buildings and build in some amenities to increase tenant satisfaction. Based on our analysis, we see upside of between 80-100% in rent growth once our rehab is done.

We want to thank our member investors for believing in the vision of this growing opportunity in a great market. We are proud to say that ALL our member investors from the initial acquisition participated in this deal as well!!

Matt & Michael would like to thank Culby Culbertson & Terrydale Capital, Chris Barsness & Shameer Soni at Patel Law Group, Kristy Cobb at Capital Title of Texas, LLC, Allison Guillot at Blue Atlas Property Management, Jorge L. Abreu, Adolfo Bautista JR, Luke Stockton at JNT Construction, Jake Stenziano Gino Barbaro Nick Ameluxen Bill Ham and the Jake & Gino community. Without these folks, this deal would not have been possible. We'll be sure to post pics and keep everyone updated along the way!