Asset Details
CalTier invested in APEX in June 2022 with our real estate partners, Bakerson and Camino Verde Group. APEX was originally built in 1968 and consists of 152 units, including 16 1 Bd/1Ba, 96 2Bd/1Ba, 40 3Bd/1.5Ba. It is centrally located near bus routes and major employment locations. The area is targeted for redevelopment and a neighboring mixed-use development just broke ground.
Upon acquisition, our partners began updating the units to attract longer-term residents. APEX is still on track to have renovations 75% complete within 2 years of acquisition and 100% complete by year 3.
Some of the planned renovations include:
- Resurface countertops
- Install new flooring
- Paint Cabinets
- Add backsplashes
- Paint walls
- Install low-flow water devices
- Paint exterior
- Install new playground
Updates About This Asset
APEX Apartments, Fort Worth Texas
I am delighted about this update and the progress that has been made by our partners on APEX. We felt this asset had great upside potential, and we are starting to see their hard work show in the occupancy rates and the numbers. - Parker Smith COO We have some excellent updates on APEX Apartments asset in Fort Worth, Texas. The asset management has shown remarkable performance improvement over recent months. Occupancy rates jumped from ...
Apex – 152 Apartment Units Forth Worth, Texas
We are very happy to announce that CalTier Fund 1, LP has made another participating investment into a multi-family asset with our new partner Bakerson and Camino Verde Group. This is incredibly exciting for us at CalTier and for our investors because we have had our eye on the Dallas/Forth Worth area for some time now, waiting for the right opportunity that fit our target deal metrics. Bakerson is an experienced operator and has done a fantastic job in finding ...
