The Dean

OPPORTUNITY BREAKDOWN

Location: Arlington, TX

Type: Garden Style

Date Purchased: August 2019 for $5,000,000

Sold: August 2021 for $8,500,000

Property Metrics

Equity Multiple 1.85x

IRR 35%

Cash-on-Cash 5%

The Dean located right down the street from University of Texas Arlington, and from the heart of Arlington. 180 realizing the outdated features and seeing the lack in management efficiency purchased.

The dean with the vision to turn it into a great-performing investment.

180 Completed a $500,000 renovation program which included new signage, landscaping, painting, and by creating a courtyard not seen before in the Arlington market a unique asset was created. Combined with efficient management, capital improvements, and stronger than anticipated market performance, the project achieved greater results than anticipated.