Oasis Springs Apartments
The principals of Catalyst partnered with a repeat client for the purchase of Oasis Springs (formerly Sutton Square) in April 2015. The client previously worked with Catalyst on a separate property in Hurst, TX. On the first property the client used our buyer’s brokerage and listing brokerage services along with property management and renovation management.
MBP Capital represented the client in their 1031 exchange and came in as a deal sponsor alongside the client. Catalyst Multifamily Management is managing the property and overseeing the $1,025,000 ($6,700 per unit) renovation that will take the property from a C+ Class asset to a B+ Class asset. The renovation will include: full interior upgrade including kitchen appliance packages, installing a splash pool, office remodel, enhancing curb appeal and improving the energy efficiency of the mechanical systems.