confidential...3. walmart supercenter powercenter located 1.4 miles from subject property, one of...

Executive Apartments158 De Chantle RoadSan Antonio, TX 78201

CONFIDENTIALOffering Memorandum

the multifamily group.opening doors and closing deals

1

Offer Summary

Exclusive Representation

The Multifamily Group has been exclusively retained to rep-

resent the Seller in the disposition of Executive Apartments.

All inquiries about the Offering or the Property should be

directed to The Multifamily Group.

Property Visitation

Prospective buyers will have the opportunity to visit the

Property through a pre-scheduled property tour. These tours

will include viewing select units and access to common areas

and other facilities on the Property. In order to accommodate

property's ongoing operations, visitation will require advance

notice and scheduling through The Multifamily Group.

Offer Submission

Offers should be presented in the form of non-binding Letter

of Intent, spelling out the significant terms and conditions of

Purchaser's offers including, but not limited to:

1. Asset Pricing

2. Due Diligence and Closing Time Frame

3. Earnest Money Deposit

4. Description of the Debt / Equity Structure

5. Qualifications to Close

The purchase terms shall require that Cash-to-Notes be paid

at closing. Offers should be delivered to the attention of one

of the brokers at the address and/or emails listed.

32

Bryce SmithSenior AdvisorPhone: 469.607.3837E-mail: [email protected]

Jon KrebbsManaging PartnerPhone: 972.379.9843E-mail: [email protected]

Paul YazbeckManaging PartnerPhone: 972.379.9844E-mail: [email protected]

Chase DavisVice PresidentPhone: 972.465.9533E-mail: [email protected]

Trey CaldwellManaging DirectorPhone: 972.559.9013E-mail: [email protected]

Evan BurkeManaging DirectorPhone: 940.597.3634E-mail: [email protected]

Chris SiemaskoSenior AdvisorPhone: 224.515.0607E-mail: [email protected]

Greg MillerAdvisor Phone: 469.250.6966E-mail: [email protected]

Guillermo GamerosAdvisor Phone: 806.433.5563E-mail: [email protected]

Yonnic LandAdvisorPhone: 469.607.9051E-mail: [email protected]

Downtown San Antonio

North

281

10

10

410

35

37

35

Harlandale

China Grove

Alamo Heights

Executive Apartments

Location

410

35

410

1604

Balcones Heights

Lackland AFB

Macdona

76

Property Overview

98

Value-Add Opportunities

• Interior Renovation on Property to Acheive $110+ Rent Bumps as Supported by Rent Comps

• Implement Utility RUBS on Electric

• Exterior Renovations to Increase Appeal

• Add Community Features such as BBQ Pit, Picnic Tables, & Dog Waste Station

Summary

Terms Free and Clear

Units 68

Year Built 1964

Occupancy 94%

Average Unit Size 851 SF

Average In Place Rent $784

Electricity Master Metered - Property Pays

HVAC Chiller/Boiler System

Hot Water Central Gas Boiler

Highlights

• Roofs were Replaced in the Last 5 Years

• No New Inventory Growth in the Balcones Heights Submarket Since 2016

• Close to Public Transportation

• New Improvements being Added to Old Spanish Trails Park Across the Street

• Opportunity to Invest in One of the Fastest Growing Cities in the Country

The Multifamily Group is pleased to announce the

exclusive offering of Executive Apartments, a 68-unit

apartment complex in San Antonio, Texas. Built in

1964, the property sits on 2.58 acres just off the corner

of Fredericksburg Road and De Chantle Road. Consist-

ing of six buildings, Executive has shingle roofs with

brick exteriors. The property is currently 97% occupied

with two vacant units and consistently remains at this

level due to the location’s strong fundamentals. Exec-

utive boasts three distinct floor plans: a 625 square-

foot one-bedroom, one-bath unit, a 760 square-foot

one-bedroom, one-bath unit, and a 1,050 square foot

two-bedroom, two-bath apartment.

Executive is currently run on an all-bills-paid model

which is increasingly rare in the area and constitutes

a major source of untapped revenue along with the

potential to raise rents as supported by rent comps.

Workforce housing in Northwest San Antonio is al-

ready in demand, and the increasing metro density will

only add to the housing crunch and push rents high-

er. By implementing light renovations, Executive will

appreciate along side the market while providing an

affordable option for lower and middle-income renters

priced out of similar inventory that has seen substan-

tial interior and exterior capex rehab programs.

1110

Tax InformationTax Information

County Bexar

CAD Account No. 414970

Tax Rate 2.81%

School InformationSchool Information

School District San Antonio Independent School District

Elementary Maverick Elementary School

Middle School Longfellow Middle School

High School Jefferson High School

Leasing FeesLeasing Fees

Application Fee $50

Administration Fee $50

Security Deposit $100 - $220

Pet Deposit $300 (Non-Refundable)

Pet Rent $10

Reserved Parking N/A

Trash Fee $10

Pest Control Fee $5

Month-to-Month Fee $150

PersonnelPersonnel

Manager 1 Full-time Mangaer

Maintenance 1 Full-time Maintenance

Tax DetailTax Detail

Assessed Value $2,440,000

City 0.558270

ISD 1.502300

County 0.277429

College 0.149150

Hospital 0.276235

Other 0.042248

Other 2 0.000000

GeneralGeneral

Terms Free & Clear

Address 158 De Chantle Road

San Antonio TX, 78201

Year Built 1964

Units 68

Net Rentable SF 57,890

Average Unit Size 851 SF

Site Size 2.58 Acres

Density 26.3 Units/Acre

Occupancy 94.1%

ConstructionConstruction

Foundation Pier & Beam

Exterior Brick - Masonry

Roof Shingles (Replaced 2016)

Number of Buildings 6

MechanicalMechanical

HVAC Chiller/Boiler System

Hot Water Central Gas Boiler

Wiring Copper

Plumbing Cast Iron

UtilitiesUtilities

Electricity Master Metered - Property Pays

Water/Sewer Property Pays

Gas Property Pays

Cable/Internet Property Pays

Laundry / Washer and DryersLaundry / Washer and Dryers

Laundry On Site Facility - CSC Contract in Place

ParkingParking

Paving Ashpalt

Total Spaces 132

NotesProperty Details

https://bexar.trueautomation.com/clientdb/Property.aspx?cid=110&prop_id=414970

Community Amenities

• Community Pool

• On-Site Laundry Facility

• Free Covered Parking

• Quick Access to I-10 and Loop 410

Area Demographics

• No New Units Deliveries Since 2016

• $56,832 Average Household Income - 5 Mile Radius (CoStar)

• According to U.S. Census Bureau, San Antonio is the Second Fastest Growing City in

the Country

Unit Amenities

• Vinyl Plank Floors **

• Ceiling Fans

• Hood Vents

• Balconies **

• Vertical Blinds

** In Select Units

Amenities

1312

Ring of 3 miles

DEMOGRAPHIC SUMMARY158 de Chantle Rd, San Antonio, Texas, 78201

INCOME

$37,295Median Household

Income

$18,496Per Capita Income

$14,930Median Net Worth

KEY FACTS

161,629Population

35.3

Median Age

59,675Households

$32,170Median Disposable Income

12,0008,0004,0000

HOUSEHOLD INCOME

200000+

150000-199999

100000-149999

75000-99999

50000-74999

35000-49999

25000-34999

15000-24999

0-14999

EDUCATION

25%

No HighSchool

Diploma

30%High School

Graduate

27%Some College

18%Bachelor's/Grad/Prof

Degree

EMPLOYMENT

54%White Collar

25%Blue Collar

22%Services

10.5%

UnemploymentRate

© 2020 EsriThis infographic contains data provided by Esri. The vintage of the data is 2020, 2025.

1514

NotesDemographic and Income Profile

3

North

San Antonio

1

24

5

410

35

37

37

10


410

410

410 35

10

2

1. USAA HeadquartersThe United Services Automobile Association (USAA) is a San Antonio-based Fortune 500 company that employs more than 16,000 people. USAA offers banking, investing, and insurance to people and families who are serving, or have served, in the United States Armed Forces.

2. University Health SystemUniversity Health System is the public district hospital for the San Antonio, Texas, US metropolitan area. It is also San Antonio's only health system recognized by U.S. News & World Report, regarded as one of America's Best Hospitals. Owned and operated by Bexar County, it is the third largest public health system in Texas and employs more than 7,000.

3. Walmart Supercenter PowercenterLocated 1.4 miles from subject property, one of San Antonio’s primary retail centers is anchored by Walmart Supercenter, Murphy USA, and Bank of America. The powercenter also features smaller credit tenants such as GameStop, Harbor Freight Tools, T-Mobile, and IHOP.

4. North Star MallNorth Star Mall is a thriving local shopping center catering predominantly to middle income shoppers in the greater San Antonio area. The Mall has 175+ stores and continues to operate well despite global concerns surrounding bricks and mortar retail.

5. Downtown San AntonioDowntown San Antonio is just a 13 minute drive from Executive. It is the 7th largest city in the country. San Antonio sits at the intersection of two pan-American highways: IH-10 and IH-35.

Economic Drivers

35

1716

181

281

87

16

1604

1604

90

1604

16

151

Additional Images

1918

2120

NotesUnit Mix

Average: 851 $784 $846 $881 $0.92 $0.99 $1.03

Total: 68 100% 57,890 $53,335 $57,535 $59,887

TypeType # Units# Units % of Total% of Total Square FeetSquare Feet Effective RentEffective Rent Market Rent Market Rent Comp Supported Rent Comp Supported Rent Effective $/SFEffective $/SF Market $/SFMarket $/SF Pro Forma $/SFPro Forma $/SF

One Bedroom / One Bath 12 18% 625 $718 $780 $745 $1.15 $1.25 $1.19

One Bedroom / One Bath 29 43% 760 $738 $800 $776 $0.97 $1.05 $1.02

Two Bedroom / Two Bath 27 40% 1,050 $864 $925 $1,053 $0.82 $0.88 $1.00

2322

Rent Comparables

NotesNotes

Location

2524

North

35

35

10

410

410

410

410

10

Fort SamHouston

281635

Pla

no R

oad

75

75

Crossing at 1415

Balcones Urban Flats

Sherril Oaks

Boston Woods


Fredericksburg Road

16

15135

410 10

Downtown San Antonio

Rent Comparable Summary

Property NameProperty Name AddressAddress CityCity StateState ZipZip Year Built # of Units Occupancy Avg. Size Avg. Rent/Unit Avg. $/SF

Balcones Urban Flats 4210 Fredericksburg Road Balcones Heights TX 78201 1974 327 94% 644 $838 $1.30

Boston Woods 800 Gentleman Road San Antonio TX 78201 1971 174 99% 942 $926 $0.98

Crossing at 1415 1415 Babcock Road San Antonio TX 78201 1974 112 97% 868 $833 $0.96

Sherril Oaks 4011 Sherril Brook Road San Antonio TX 78228 1967 263 90% 901 $968 $1.07

Averages 1971 219 95% 839 $891 $1.08

Executive 158 De Chantle Road San Antonio TX 78201 1964 68 94% 851 $784 $0.92

Variance +12 ($107) ($0.16)

Rent Comparison This study compares market rents from nearby properties to Executive effective rents.

One BedroomPROPERTY SIZE RENT $/SF

Balcones Urban Flats 500 $699 $1.40

Boston Woods 776 $786 $1.01

Crossing at 1415 775 $755 $0.97

Sherril Oaks 713 $787 $1.10

AVERAGE 691 $757 $1.12

Executive* 625 $718 $1.15

Variance ($39) $0.03

Executive* 760 $738 $0.97

Variance ($19) ($0.15)

PROPERTY SIZE RENT $/SF

Balcones Urban Flats 808 $1018 $1.26

Boston Woods 1063 4989 $0.93

Crossing at 1415 960 $910 $0.95

Sherril Oaks 850 $912 $1.07

AVERAGE 920 $957 $1.05

Executive* 1050 $864 $0.82

Variance ($93) ($0.23)

Two Bedroom

2726

2928

Financial Overview

NotesNotes

3130

T-12 INCOME & EXPENSE Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 T-12 TOTALMarket Rent 53,455 50,770 58,180 54,475 54,475 54,475 54,475 54,475 54,475 54,475 54,475 54,475 $652,680

Less: Loss to Lease (184) (1,099) (1,078) (1,079) (1,128) (691) (717) (738) (1,099) (1,099) (1,104) (1,581) ($11,597)

Gross Potential Rent 53,271 49,671 57,102 53,396 53,347 53,784 53,758 53,737 53,376 53,376 53,371 52,894 $641,083

Less: Vacancy (4,223) (4,110) (5,654) (5,725) (3,636) (3,401) (1,873) (880) (1,615) (2,370) (1,376) (2,980) ($37,843)

Less: Non-Revenue/Concessions (666) (100) (412) (150) (1,503) (1,441) (2,821) (1,282) (100) (50) (1,237) (50) ($9,812)

Less: Bad Debt 57 57 (723) 158 0 (1) 0 999 (437) 0 0 (776) ($667)

NET RENTAL INCOME 48,439 45,518 50,313 47,679 48,208 48,941 49,064 52,574 51,224 50,956 50,758 49,088 $592,761 Plus: RUBS Income 573 590 582 580 580 600 590 760 660 650 640 630 $7,435

Water/Sewer 0 0 0 0 0 0 0 0 0 0 0 0 $0

Trash 573 590 582 580 580 600 590 760 660 650 640 630 $7,435

Electric/Gas 0 0 0 0 0 0 0 0 0 0 0 0 $0

Plus: Other Income 3,176 2,506 2,833 2,632 2,971 3,040 3,090 3,120 3,230 3,771 3,560 3,210 $37,139

TOTAL INCOME 52,188 48,613 53,728 50,891 51,759 52,581 52,744 56,454 55,114 55,377 54,958 52,928 $637,335

T-12 EXPENSESContract Services 1,055 206 1,947 776 70 837 1,195 725 545 545 550 545 $8,998

Repairs & Maintenance 1,902 953 597 1,457 1,734 226 898 1,948 931 773 1,775 918 $14,111

Administrative 478 (421) 1,975 735 580 979 958 828 474 517 987 757 $8,847

Marketing 697 230 884 531 523 395 511 502 444 498 483 659 $6,358

Payroll 10,449 15,933 4,926 10,131 9,660 11,275 9,709 9,821 9,197 10,729 10,456 9,769 $122,054

Total Utilities 12,263 11,765 10,895 10,858 10,921 13,029 13,372 13,541 15,394 16,901 15,668 14,805 $159,411

Water/Sewer 3,454 3,732 3,091 3,578 4,082 4,082 4,838 3,902 4,292 4,770 4,517 5,199 $49,534

Trash 529 854 528 529 544 653 544 653 979 870 963 544 $8,190

Electric 5,905 4,696 3,293 3,525 3,460 5,827 5,441 6,639 7,409 8,628 7,654 6,327 $68,804

Gas/Other 2,375 2,483 3,984 3,227 2,835 2,467 2,548 2,347 2,715 2,633 2,534 2,735 $32,883

Management Fee 2,057 1,500 2,588 2,092 2,015 2,086 2,227 2,341 2,160 2,228 2,115 2,198 $25,608

Insurance 1,975 6,942 1,975 2,398 2,398 1,971 1,971 1,971 1,971 2,124 2,297 2,079 $30,073

Real Estate Taxes 7,464 7,464 5,610 5,610 5,610 5,610 5,610 5,610 5,610 5,610 5,610 5,610 $71,022

TOTAL EXPENSES 38,340 44,570 31,398 34,587 33,512 36,407 36,451 37,286 36,725 39,924 39,941 37,340 $446,482 NET OPERATING INCOME 13,848 4,043 22,330 16,304 18,246 16,174 16,293 19,168 18,389 15,453 15,016 15,588 $190,853

3332

TRENDING ANALYSISTRAILING 12

MONTHST-3 ANNUALIZED

INCOME T-1 ANNUALIZED

INCOMEYEAR 1 UNDER-

WRITING NOTES

Market Rent 652,680 9,598 653,700 9,613 653,700 9,613 690,420 10,153 Year 1 Rents have been grown at 0.0% based on comparable properties

Less: Loss to Lease (11,597) 1.8% (15,136) 2.3% (18,972) 2.9% (20,038) 2.9% Loss to Lease has been estimated at 2.9% of Total Market Rent

Gross Potential Rent 641,083 9,428 638,564 9,391 634,728 9,334 670,382 9,859

Less: Vacancy (37,843) 5.9% (26,904) 4.2% (35,760) 5.6% (33,519) 5.0% Vacancy has been normalized at 5.0% based on historical operations

Less: Non-Revenue/Con- (9,812) 1.5% (5,348) 0.8% (600) 0.1% (13,408) 2.0% Non-Revenue Units/Concessions are projected at 2.0% of Gross Potential Rent based on historical

Less: Bad Debt (667) 0.1% (3,105) 0.5% (9,316) 1.5% 0 0.0% Bad Debt is projected at 0.0% of Gross Potential Rent based on historical operations

NET RENTAL INCOME 592,761 8,717 603,207 8,871 589,052 8,663 623,456 9,168

Plus: RUBS Income 7,435 109 7,680 113 7,560 111 44,586 656 RUBS Income is projected at $44,586 based on comparable properties

Water/Sewer 0 0 0 0 0 0 37,151 546

Trash 7,435 109 7,680 113 7,560 111 7,435 109

Electric/Gas 0 0 0 0 0 0 0 0

Plus: Other Income 37,139 546 42,164 620 38,525 567 42,164 620 Other Income is projected at $42,164 based on historical operations

TOTAL INCOME 637,335 9,373 653,051 9,604 635,137 9,340 710,205 10,444

EXPENSES

Contract Services 8,998 132 8,998 132 8,998 132 13,600 200 Contract Services have been normalized at $200 per unit based on comparable properties

Repairs & Maintenance 14,111 208 14,111 208 14,111 208 34,000 500 Repairs and Maintenance have been normalized at $500 per unit based on comparable properties

Administrative 8,847 130 8,847 130 8,847 130 8,847 130 Administrative Costs are projected at $130 per unit based on current operations

Marketing 6,358 93 6,358 93 6,358 93 6,358 93 Marketing is projected at $93 per unit based on current operations

Payroll 122,054 1795 122,054 1,795 122,054 1,795 68,000 1,000 Payroll has been normalized at $1,000 per unit based on comparable properties

Total Utilities 159,411 2344 159,411 2,344 159,411 2,344 102,847 1,512 Utilities are projected at $1,512 per unit

Water/Sewer 49,534 728 49,534 728 49,534 728 49,534 728 Tenant pays electric implemented to match comparable product.

Trash 8,190 120 8,190 120 8,190 120 8,190 120

Electric 68,804 1012 68,804 1,012 68,804 1,012 12,240 180

Gas/Other 32,883 484 32,883 484 32,883 484 32,883 484

Management Fee 25,608 377 25,608 377 25,608 377 28,408 418 Management Fee is projected at 4.0% of Gross Revenue

Insurance 30,073 442 30,073 442 30,073 442 30,073 442 Insurance is projected at $442 per unit based on current policy

Taxes 71,022 1044 71,022 1,044 71,022 1,044 92,305 1,357 Taxes are projected at $92,305 based on 70% of purchase price and the 2020 rate of 2.806%

TOTAL EXPENSES 446,482 6566 446,482 6566 446,482 6566 384,438 5653

NET OPERATING IN- 190,853 2807 206,568 3038 188,655 2774 325,767 4791

Less: Recurring Capital 17,000 250 17,000 250 17,000 250 17,000 250 Recurring capital expenditures have been estimated at $250 per unit

NOI (with reserves) 173,853 2,557 189,568 2,788 171,655 2,524 308,767 4,541

3534

5 YEAR CASHFLOW ASSUMPTIONS CURRENT YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5

Gross Potential Rent Growth 0.00% 3.00% 3.00% 3.00% 3.00%

Total Economic Loss 9.16% 9.70% 6.00% 6.00% 6.00% 6.00%

Other/RUBS Income Growth 0.00% 2.00% 2.00% 2.00% 2.00%

Operating Expense Growth 0.00% 2.00% 2.00% 2.00% 2.00%

Real Estate Taxes Growth 0.00% 2.00% 2.00% 2.00% 2.00%

INCOME CURRENT YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5

Gross Potential Rent 641,083 690,420 711,133 732,467 754,441 777,074

Less: Total Economic Loss (48,322) (66,964) (42,668) (43,948) (45,266) (46,624)

Economic Occupancy 90% 94% 94% 94% 94%

Net Rent Per Unit 726 764 819 844 869 895

Net Rental Income 592,761 623,456 668,465 688,519 709,174 730,449

Plus: RUBS Income 7,435 44,586 45,477 46,387 47,315 48,261

Plus: Other Income 37,139 42,164 43,007 43,867 44,745 45,640

Total Income 637,335 710,205 756,949 778,773 801,233 824,350

Monthly Revenue 53,111 59,184 63,079 64,898 66,769 68,696

% Increase Over Previous Year 11.43% 6.58% 2.88% 2.88% 2.89%

EXPENSES CURRENT YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5

Contract Services 8,998 13,600 13,872 14,149 14,432 14,721

Repairs & Maintenance 14,111 34,000 34,680 35,374 36,081 36,803

Administrative 8,847 8,847 9,024 9,204 9,388 9,576

Marketing 6,358 6,358 6,485 6,615 6,747 6,882

Payroll 122,054 68,000 69,360 70,747 72,162 73,605

Utilities 159,411 102,847 104,904 107,002 109,142 111,325

Management Fee 25,608 28,408 28,976 29,556 30,147 30,750

Insurance 30,073 30,073 30,674 31,287 31,913 32,552

Taxes 71,022 92,305 94,151 96,034 97,955 99,914

Recurring Capital Expenditures 17,000 17,000 17,000 17,000 17,000 17,000

Total Expenses with Reserves (463,482) (401,438) (409,127) (416,969) (424,969) (433,128)

NET OPERATING INCOME 173,853 308,767 347,822 361,804 376,265 391,222

Debt Service Coverage 2.74 3.08 3.21 2.06 2.14

Total Debt Service Amount (112,800) (112,800) (112,800) (182,933) (182,933)

Net Cash Flow 195,967 235,022 249,004 193,331 208,288

Return on Equity 11.86% 14.22% 15.07% 11.70% 12.61%

3736

Jon KrebbsManaging PartnerThe Multifamily Group

Prior to forming The Multifamily Group, Jon was an Executive Director of In-vestment Sales with Sperry Van Ness (SVN) and finished as the company’s 22nd highest performing broker out of over 1,100 brokers worldwide in 2016. Prior to that he was a top producer at the Henry S. Miller Company in Dallas.

Jon specializes in asset valuation, coordination of the marketing pro-cess, property tours and contract

negotiations for sellers of multifamily properties. Jon analyzes each assign-ment carefully and finds creative ways to add value to his clients. When he is not working, Jon enjoys playing sports, playing his guitar and spending time with his wife Stacie and their chil-dren Libby, Jackson and Finley.

Jon earned a B.B.A. in Finance and an MBA from Texas Tech University.

E-mail: [email protected]

4228 North Central Expy, Suite #110

Dallas, Texas 75206

Phone: 972.379.9843

Cell: 806.786.9515

Fax: 972.957.7662

Bryce SmithSenior AdvisorThe Multifamily Group



Dallas, Texas 75206

Phone: 469.607.3837

Cell: 806.368.1250

Fax: 972.957.7662

Bryce joined The Multifamily Group

in 2018 after spending several years

leasing luxury Class-A apartments

in DFW. He has quickly established

himself as an industry expert having

just missed out as top producer in his

first year in the business, and he is on

track to be top producer in his second

year.

His ability to quickly pick up industry

knowledge and his personal skills

are what has propelled him to the top

spot at TMG. Bryce primarily focuses

on the B & C asset classes in San

Antonio and DFW Markets, but with

his previous experience with high-end

leasing Bryce is quickly making his

way into the Class-A space. His ability

to source deals and then pair them

with the most logical and qualified

buyers is really what sets him apart in

this industry.

3938

Chase DavisVice President The Multifamily Group

Chase began remodeling rental prop-erties in high school and developed an understanding of how to add value and increase cash flow. In college, he man-aged a major redevelopment in Austin and started a management company with a significant portfolio of Student Housing.

Chase graduated with a B.S. in Psy-chology from Texas Tech University and went on to start his own construction company completing hundreds of re-models and effectively rehabbing build-

ings that were deemed lost causes.

At The Multifamily Group, Chase spe-cializes in Tertiary Markets and uses his extensive knowledge of underwriting and apartment rehabilitation to help principals drive value and achieve de-sired returns. Chase looks to add value in whatever he does through wise ne-gotiations and unmatched tenacity, al-ways approaching life from his personal business motto, “Striving for Perfection, Producing Excellence.”


4228 N. Central Expy, Suite 110

Dallas, TX 75206

Phone: 972.465.9533

Cell: 806.543.5980

Fax: 972.957.7662

Paul YazbeckManaging PartnerThe Multifamily Group

Prior to forming The Multifamily Group, Paul was an Executive Director in Investment Sales with Sperry Van Ness (SVN) and finished as the com-pany’s 7th highest performing broker out of over 1,100 brokers worldwide in 2017, the highest ranked broker in the Southwest Region and the top producer in the office in 2017. In 2016, Paul was the 3rd ranked broker in the Southwest Region, was the 25th high-est producing Broker worldwide and top producer in the office. He quali-fied for the company’s Partner’s Circle recognition in both 2016 and 2017.

Paul’s volunteer involvement includes American Corporate Partners and Car-ter Bloodcare.

Paul earned an MBA from the Univer-sity of Texas at Austin and a B.B.A. in Finance from The University of Colorado at Boulder where he at-tended on an ROTC scholarship. He was awarded the Bronze Star Medal for his service in Iraq during his sec-ond deployment as a Captain in the Army. Between his two deployments, he spent 27 months in Baghdad from 2003-2008.



Dallas, Texas 75206

Phone: 972.379.9844

Cell: 972.310.1032

Fax: 972.957.7662

4140

Evan BurkeManaging DirectorThe Multifamily Group

Evan Burke joined The Multifamily Group as a Managing Director af-ter spending nearly five years with Marcus & Millichap in Dallas, Texas. During that time, Evan established himself as a leading expert in a range of product types in the multifamily space. Having sold deals from under $1 million to over $26 million, from A class properties in primary markets to C class properties in secondary mar-kets, Evan has the necessary experi-ence to help his clients achieve their investment goals.

It is Evan’s market expertise and client-centered approach that helped

him achieve the Texas Top 20 in 2019, recognizing the twenty top producing agents across all product types in Tex-as with his prior firm. Evan continues to deliver this superior advisory ser-vice to his clients at The Multifamily Group.

Evan grew up in Denton, Texas and now lives in Highland Village with his wife, Sarah, and their two daugh-ters. Evan graduated from Texas Tech University with a Bachelor of Arts in English and obtained his Masters from The Southern Baptist Theological Seminary. They are active members of The Village Church in Flower Mound



Dallas, TX 75206

Phone: 469.613.3500

Cell: 940.597.3634

Fax: 972.957.7662

Prior to joining The Multifamily Group, Trey began his commercial real estate career in 2014 with Marcus & Millichap in Dallas, Texas. Initially, he focused on smaller multifamily assets which gave him the opportunity to work with many first-time buyers, owners, and operators. After less than a year in this space, he was quickly promoted to working with larger assets and training his predeces-sors. Over the course of his time with this group, Trey sold over $270 Million worth of B & C class multifamily assets in the Dallas Fort Worth metroplex. A point of pride is that Trey has closed with the first buyer in escrow on every transaction that he has ever been a part

of. This shows his specialization in know-ing the absolute right buyer for specific assets through relationships, an intimate knowledge of buyer’s main objectives, and a meticulous qualifying process. Trey grew up in Richardson, TX where he now lives with his wife Katy, sons Quade and Rowe, and dog Moose. They are members of Watermark Community Church. Before commercial real estate, Trey worked in sales at Sewell Automotive Companies where he learned the art of negotiation and the value of a “customer for life.” He earned his B.B.A. in Finance from the University of North Texas.

Trey CaldwellManaging DirectorThe Multifamily Group



Dallas, Texas 75206

Phone: 972.559.9013

Cell: 972.979.9057

Fax: 972.957.7662

4342

Greg MillerAdvisorThe Multifamily Group



Dallas, TX 75206

Phone: 469.250.6966

Cell: 210.901.0254

Fax: 972.957.7662

Greg began his commercial real estate career in 2018 as an analyst with The Multifamily Group shortly after it was formed. During Greg’s time at TMG, he has served as a marketing coordinator, valuation analyst, and executive assistant to the partners which granted him a breadth of knowledge in addition to his current brokerage role. His primary expertise are value-add multifamily assets in the Dallas/Fort Worth Metroplex.

Prior to his real estate career, Greg spent 9 years in the Army as a

Combat Engineer spending a total of 25 months in Afghanistan between 2010 and 2014. Greg received a Purple Heart on his first deployment for injuries incurred on a route clearance patrol in Kunar Province.

In his free time Greg enjoys spending time with his wife, cheering on the SMU Mustangs, and attending Dallas Stars games. He holds a B.B.A. in Finance from Southern Methodist University’s Cox School of Business.

Chris began his commercial real estate career in 2016 as an analyst at SVN. Prior to TMG, Chris worked on institutional sponsor Westmount Realty Capital’s acquisition desk and Coldwell Banker’s marketing team.

A perspective built from both principal and brokerage platforms enables Chris to provide clients with unique guidance on all aspects of multifamily acquisition and disposition. Chris focuses on tertiary core-plus product

as well as operational value-add deals in major Texas metros.

Over the course of his career, Chris has been involved in transactions exceeding $250,000,000.

Chris actively volunteers with Big Brothers Big Sisters Dallas and spends as much free time as he can in the yoga studio and traveling. He holds a B.B.A. in Real Estate Finance from Southern Methodist University.



Dallas, Texas 75206

Cell: 224.515.0607

Fax: 972.957.7662

Chris SiemaskoSenior AdvisorThe Multifamily Group

4544

Danny WielandAdvisorThe Multifamily Group



Dallas, TX 75206

Phone: 469.458.9939

Cell: 972.602.5604

Fax: 972.957.7662

Danny Wieland joined The Multifamily Group in 2019 as an agent specializing in primary and tertiary markets across Texas. Having lived in Dallas, Austin, and Houston, he has first hand knowledge of each major market which gives him a unique perspective on the changing trends across Texas.

Prior to joining TMG, Danny was a successful business development and marketing director with over 10 years’ experience across a diverse number of industries. He was recognized multiple times for leading new business generation and sales growth. He

previously worked in private equity, creating the acquisition strategy and developing the marketing materials for a physician group startup. In his free time, Danny enjoys spending time with his wife, Haylee, traveling the world, attending concerts and sporting events.

Danny graduated from the University of Oklahoma with a Bachelors of Business Administration where he double majored in Marketing and Management.

Yonnic LandAdvisorThe Multifamily Group



Dallas, TX 75206

Phone: 469.607.3827

Cell: 972.983.9051

Fax: 972.957.7662

Prior to joining The Multifamily Group, Yonnic worked with the Mergers & Acquisitions team at Generational Equity’s Dallas office providing financial analytics for small market cap deals up to $50M in value. At The Multifamily Group he specializes in underwriting and market research which he uses alongside honesty and hard work to add value for his clients.

In his free time Yonnic enjoys attending SMU football games, playing pickup basketball,

volunteering with his local church, and dancing competitive ballroom in which he has placed top three in multiple collegiate competitions.

Yonnic is a graduate of Southern Methodist University with a B.B.A in Finance, B.A. in Applied Mathematics, and honors in the liberal arts.

11-2-2015

TYPES OF REAL ESTATE LICENSE HOLDERS: A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker. A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): Put the interests of the client above all others, including the broker’s own interests; Inform the client of any material information about the property or transaction received by the broker; Answer the client’s questions and present any offer to or counter-offer from the client; and Treat all parties to a real estate transaction honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owner's agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer's agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligations as an intermediary. A broker who acts as an intermediary: Must treat all parties to the transaction impartially and fairly; May, with the parties' written consent, appoint a different license holder associated with the broker to each party (owner and

buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction. Must not, unless specifically authorized in writing to do so by the party, disclose:

ᴑ that the owner will accept a price less than the written asking price;ᴑ that the buyer/tenant will pay a price greater than the price submitted in a written offer; andᴑ any confidential information or any other information that a party specifically instructs the broker in writing not to

disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: The broker’s duties and responsibilities to you, and your obligations under the representation agreement. Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records.

Information About Brokerage Services Texas law requires all real estate license holders to give the following information about

brokerage services to prospective buyers, tenants, sellers and landlords.

.

Designated Broker of Firm License No. Email Phone

Licensed Supervisor of Sales Agent/Associate

License No. Email Phone

Licensed Broker /Broker Firm Name or Primary Assumed Business Name

License No. Email Phone

Regulated by the Texas Real Estate Commission Information available at www.trec.texas.gov IABS 1-0

Date Buyer/Tenant/Seller/Landlord Initials

Sales Agent/Associate’s Name License No. Email Phone

9007084The Multifamily Group LLC [email protected] 972-379-9843

The material contained in this Offering Memorandum is furnished solely for the purpose of considering the pur-chase of the property within and is not to be used for any other purpose. This information should not, under any cir-cumstance, be photocopied or disclosed to any third party without the written consent of The Multifamily Group or Property Owner, or used for any purpose whatsoever oth-er than to evaluate the possible purchase of the Property.

The only party authorized to represent the Owner in connection with the sale of the Property is The Multifamily Group Advisor listed in this Offering Memorandum, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Offering Memorandum. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Memorandum must be returned to The Multifamily Group Advisor.

Neither The Multifamily Group Advisor nor the Owner makes any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future condition, operations or financial performance of the Property. This Offering Memorandum may include cer-tain statements and estimates with respect to the Property based on certain assumptions. These assumptions may or may not be proven to be correct, and there can be no assurance that such results will be achieved. Further, The Multifamily Group Advisor and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Offering Memo-randum, or any other written or oral communication trans-mitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement

between it and Owner.

The information contained herein is subject to change without notice and the recipient of those materials shall not look to Owner or The Multifamily Group Advisor nor any of their officers, employees, representatives, indepen-dent contractors or affiliates, for the accuracy or complete-ness thereof. Recipients of this Offering Memorandum are advised and encouraged to conduct their own compre-hensive review and analysis of the Property.

This Offering Memorandum is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Memorandum or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms ac-ceptable to Owner, in Owner’s sole discretion. By submit-ting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and The Multifamily Group Advisor from any liability with respect thereto.

To the extent Owner or any agent of Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk.

NotesDisclaimer

4746

4228 North Central Expy, Suite #110 Dallas, Texas 75206

confidential...3. walmart supercenter powercenter located 1.4 miles from subject property, one of...

Documents