Tierra del Sol Apartments
Tierra del Sol (formerly Huntington Chase) was purchased off-market in May 2014 by a local Dallas group and an investor out of California. The property underwent a renovation program that included: new roofs, upgrading 25% of the interiors, curing deferred maintenance and improving curb appeal.
Catalyst Multifamily Management was able to keep occupancy over 93% while the renovation occurred and the utility billback implementation went on. The program includes billing the residents for: water, sewer, gas, pest control and trash. The utility income started at $0 and has increased to $16,000 per month increasing property value handsomely.