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© 2018 by Red Rock Capital Group

OUR PORTFOLIO

Reliant fund i

40MM targeted aggregation

FUND CLOSED.

 

 The fund is used to acquire commercial self-storage properties across the United States and potentially re-capitalize properties Reliant already owns to deliver our investors passive income and capital appreciation over a projected 6 year hold period.



The 10 property portfolio is made up of institutional quality value add and stabilized properties in Florida, Alabama,  South Carolina,and Tennessee.


Strategy:

• Acquire and manage value add and core plus self-storage assets. We will focus on  institutional quality assets with high visibility, strong population growth and under-supplied  market dynamics

• The fund will include but not be limited to 10 Properties currently under contract located in  Florida, South Carolina, Alabama, and Tennessee

• Fund designed to produce consistent passive income with limited volatility associated with  the Self-Storage asset class

 

Princeton parc   

200 Unit Value Add

Princeton Parc is a value-add 200 unit apartment community, in an affluent and rising community near Orlando, Florida.

 

The property is mid 2000s vintage with the largest floor plans in the submarket at > 1100 square feet.  30% of the units have been upgraded at time of purchase with a proven $175 delta in rental premium.

 

The asset sits within a corridor of rapid technology and aerospace growth. Target 15% IRR.
 

 

BAXTER   

350 Unit Value Add

The Baxter Apartments is a 350-unit asset built in 1983. Located in thriving Northwest Austin, just off Highway 183, 5 miles from the recently announced Apple campus (5,000 jobs) and 8 miles from The Domain (considered Austin's emerging second downtown).

Proven strategy in place lowers risk - Current ownership has spent significant dollars updating the property and renovated 67% of the units. Our business plan is to continue (and complete) the renovations while adding other revenue producing features to the property.

We are buying this asset at a 5.2% Cap Rate with similar assets in Austin trade at or below a 4.5%.

 

BENTLEY   

300 Unit Value Add
  • Deal Size: 300+ units

  • Purchase Price: $50,000,000+

  • Submarket: B/B+ asset, mid-1980's vintage with strong market indicators

  • Occupancy: 98%+

  • Projected Hold: 5 years

  • Projected Cash on Cash: 7-9%

  • Projected IRR: 15%

 

Atlantica   

100 Unit Value Add

 Enzo Multifamily( Operator) Atlantica is a 100 unit, true off market asset, in the Atlantic Beach submarket of Jacksonville, FL. The property has had most of the heavy lifting value add package completed but offers substantial upside from additional value add touches, management efficiency, and rent premiums.

 

Our main sponsor, has an excellent track record in the area, and was given the opportunity to acquire this asset off market due to deep local market expertise.   
The property will cash flow from day one, and as such is not a speculative play as reflected in the underwriting

 

BRIGHTON   

410 Unit Value Add

 Ashcroft Capital ( Operator)  The property is a 410-unit property that was built in two phases in 1979 and 1980. Brighton is located in a highly desirable infill residential neighborhood in Richardson (Dallas, TX) with close proximity to several major employment centers and one of the top school districts in the state and country. Ashcroft currently owns four other properties totaling 1,076 unitsinRichardson.

 

San jose 

138 Unit Value Add

 Boardwalk Wealth ( Sponsor) -San Jose Apartments is a 138-unit community conveniently located off I-95 and just minutes from St. John’s Town Center. The submarket has had only 3 communities delivered in the past 20 years within a three-mile radius. The limited supply indicates demand continuing to exceed supply.  The subject property was built in 1974 and consists of 19 buildings comprised of concrete foundation with stucco stick frame exterior walls and pitched roofs. The current owner has spent $1M+ in renovations. The spacious floorplans allow for a comfortable and affordable place to live for residents.

 

Wurzbach Portfolio 

190 and 198 Unit Value Add

 Two separate value add apartment communities in San Antonio: Bitterwood Ranch and Fifth Avenue. These assets are both located along the Wurzbach Parkway corridor in North San Antonio and within shouting distance of our existing San Antonio portfolio. Bitterwood Ranch is 190-units and built in 1986; Fifth Avenue is 198-units and built in 1982

NORTHERN CROSS 

2001 built 398 Unit value add

Our best operating partner in Dallas is bringing an opportunity for a institutional quality investment in a 398 unit Multifamily complex.  Built in 2001 there is stable cash flows with opportunity for value add and forced appreciation.  Conservative , strong investment.  8% pref, 2.5X total equity multiple

Self Storage-key west 

505 units + 200 new

Thompson Investing (Sponsor)  Reliant (Operator) An off market property currently class A property cash flowing.  Highly attractive due to restricted zoning keeping competition out and upside for 200+ more units onsite as part of plan.  

Magnolia creek

436 units

Ashcroft Capital (Sponsor) - An off market property brought forward due to multiple successful exits by the Sponsor already in the area.  1988 asset in great condition, substantial value add opportunity.  

COVEMARK

SMP FUND

CoveMark Group (Sponsor) - Elevation Group (Operator) of a $50m blind pool to acquire and manage up to 9 self storage facilities and over 100 mobile home parks across the U.S. Red Rock Capital Group is part of the CoveMark general partnership enabling two exciting niches (self storage and mobile home park investing) for its investor base. 

ESENCIA

200 units

Ashcroft Capital (Sponsor) - Located in Garland, Texas,  Esencia was an off-market opportunity that was brought to Ashcroft Capital due to its deep broker network.  The property is located in a strong sub-market of Dallas with favorable

demographic trends and is located next to an award-winning elementary school.

Multiple opportunities in the pipeline

New opportunities are always arising-make sure to join our investor network to stay informed.