Pavilions at Northshore: execution of a value-add acquisition strategy

Pavilions at Northshore represents the purchase and subsequent combination of two neighboring apartment complexes that had been grossly undermanaged by the seller.  Following extensive market research and diligence, Ojala determined that this unique market on the north shore of Corpus Christi offered a compelling opportunity for the foreseeable future.

After executing its value-add strategy, Ojala was able to refinance the property and return 100% of invested capital plus profit to its investors in a little over one year.

Transaction Background
Entity:
Ojala Northshore Investors, LP
Investment:
336 unit class-A multifamily
Strategy:
Value-add acquisition
Location:
Portland, Texas
Investment Date:
March 2013
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