Rent positioning
Monthly rent at acquisition baseline
Market rent
$1,500
Average in-place
$1,377
The rent roll reported 49 occupied homes, one non-revenue home, and no vacant homes on April 25, 2022.
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Portfolio property · Tyler, Texas
Lake Park Village
3050 County Road 427 · Acquired June 2022
Property overview
Spacious family-oriented homes in an East Texas growth market.
Lake Park Village is a 50-home duplex-style community in Tyler. Every residence offers a three-bedroom, two-bath floorplan averaging 1,396 square feet, creating a differentiated attainable-housing option with the space and privacy of a neighborhood setting.
50Homes
3 / 2Bedrooms / baths
1,396 SFAverage home size
69,800 SFNet rentable area
98%April 2022 occupancy
2022Year acquired
Acquisition baseline
A well-occupied community with a consistent floorplan.
The April 25, 2022 rent roll provides the pre-acquisition baseline. Figures are historical, aggregated, and intentionally exclude tenant-level information.
April 2022
Operational execution
Selected 2023 improvement work
Gates & fencing$9.1K
Unit rehabilitation$8.3K
HVAC & boilers$7.6K
Electrical & lighting$3.5K
Garage systems$2.8K
Recorded property-improvement spending across exterior and interior workstreams.
Gates, fencing, HVAC, garage systems, plumbing, windows, roofing, and signage.
Unit rehabilitation, electrical, lighting, plumbing, water heaters, finishes, and appliances.
Sources: April 25, 2022 rent roll and 2023 Lake Park capital-improvement records. Figures are historical, were prepared by third parties, and may have changed.
Ownership approach
Improving the physical asset through practical, resident-facing work.
Three-bedroom homesTwo full bathroomsDuplex-style settingGarage systemsHVAC and boiler workGates and fencingInterior rehabilitationLighting and fixtures