$15M
PURCHASE PRICE
$76M
SALE PRICE
55%
Rental Rate Increase
The Halifax Apartments
Phoenix, AZ
Jevan acquired and converted 300 condominiums into a single-owner apartment complex with a total cost of $15mm. Followed by a $19mm renovation which addressed the failed structural and cosmetic elements of the property, the property was sold for $76mm in 2021.
N.O.A.H.
San Antonio, TX
Jevan acquired 224 unit property in prestigious Alamo Heights.  Successfully implemented rebranding and renovation resulting in rental rate increase of 63%.
20%
OCCUPANCY RATE INCREASE
63%
RENTAL RATE INCREASE
78%
REDUCED CONCESSIONS
$4.2M
PURCHASE PRICE
$17M
SALE PRICE
97.8%
Rental Rate Increase
DUO
Phoenix, AZ
In October of 2016, Jevan acquired the 121-unit Casa Blanca in Phoenix, AZ in the up-and-coming Melrose District. With a walk score of 77 DUO offered residents a, somewhat unique to Phoenix, walkable lifestyle in the heart of Midtown.
DIMENSION ON 27TH
San Antonio, TX
Jevan identified an opportunity at a “Distressed” property near a large urban university. Through extensive upgrades to the property, rebranding and Jevan’s professional management team rents increased 83%.
$11.3M
purchase price
$47M
sale price
40%
irr
$21.6M
purchase price
$37.8M
sale price
51%
IRR
AZURA APARTMENTS
Phoenix, AZ
Jevan acquired Azura with an extensive issue with plumbing that was costing the property money. Through renovations, Jevan was able to reduce utility expenses by $56,000 and increased the property value by 75% in just two years.
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