Ridge at Southcross:

Achieving a 374% Total Return Through Strategic Enhancements

To deliver strong returns, we look for properties that offer clear avenues for improvement. Ridge at Southcross, located in San Antonio, Texas, perfectly fit our acquisition criteria. 

As a 212-unit Class B community, the property enjoyed a prime location in a growing rental market with high resident demand. However, the unit interiors and common spaces needed crucial updates to meet the expectations of modern renters. The challenge was to execute a precise renovation plan that would elevate the property's appeal without exceeding a tight budget, ultimately driving rent growth and property value. 

The results speak for themselves:

Rental Rate Growth: Average rental rates increased by $75, moving from $662 at purchase to $737. 

Income Growth: T-6 income grew significantly from $138,835 at purchase to $184,796 at the time of sale.

Occupancy: We maintained a remarkable 97% occupance rate at the time of sale.

Read the full case study to see exactly how REEP identified the acquisition, executed the business plan, and delivered tax-advantaged returns — and what the REEP Way means for every deal we touch.