180-Unit Multifamily Asset

Peppertree & Spanish Oaks Apartments were purchased by Rebus Capital, LLC in May 2018. These 1973 build assets had a value-add opportunity in the form of deferred maintenance of exterior and interiors, as well as untested rents in a growing oil market. The properties are adjacent to one another and are located in very close proximity to The University of Texas of the Permian Basin. We bought this property because of it's value-add potential and location in a growing area of Odessa, TX. 


The property was purchased based on income numbers from 2017 when the price of oil was between $40-50 per barrel. Upon closing, the price of oil was close to $70 per barrel. As demand for housing in the area climbs, so do market rents. Rebus Capital will push rents to stay competitive in this hot market. 

peppertree-place-odessa-tx-building-photo (1).jpg

Rebus Capital also secured non-recourse debt, providing investors with an addition hedge against the common risks of real estate investing. Based on our value-add strategy, increasing market rents and great purchase terms, Rebus Capital and our investors are enjoying healthy returns trending to exceed and maintain higher than 30% annually.