JoCo Partners and The ValCap Group Partner on the Acquisition of Two Apartment Communities in Austin, TX

JoCo Partners and The ValCap Group Partner on the Acquisition of Two Apartment Communities in Austin, TX

The renovation plans include high-end interior improvements to all the apartment units, including granite countertops, stainless steel appliances, and mosaic backsplash tiling. One of the existing offices will be converted into a clubhouse available for use to the community residents and a mega fitness center to include outdoor spinning, a yoga center and a fully equipped weight and cardio room. There will be extensive exterior renovations to the three pool areas, the addition of an outdoor grilling station and the inclusion of game areas for kids and families. For pet lovers, the construction team will create a dog park as well as a dog washing station that will be open to all residents.

About JoCo Partners: A real estate investment company with over 15 years of experience and a focus in medium to large commercial acquisitions. JoCo Partners collaborates with real estate investors as the asset management division of entities that evaluate, acquire, reposition, manage, and create an exit strategy for each property based on its highest value and best use. JoCo Partners currently has over 2,000 rentals and over $200M under asset management.

About The ValCap Group: Founded in 2012 as a collaboration between Richard Fishman, a former mortgage banker from San Diego, CA, and Jack Franco from Newport Beach, CA. Since its founding, ValCap has completed 12 projects consisting of over 3,200 units which were successfully repositioned and sold. These assets represent in excess of $166 million in total sales over the 6-year time frame. The average IRR for these projects was approximately 22% return for the partnerships involved.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180709005129/en/

CONTACT: JoCo Partners

Elan Gordon

KEYWORD: UNITED STATES NORTH AMERICA TEXAS

INDUSTRY KEYWORD: REIT CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE

SOURCE: JoCo Partners

Copyright Business Wire 2018.

PUB: 07/09/2018 09:00 AM/DISC: 07/09/2018 09:02 AM

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