4-UNIT MULTIFAMILY ASSET
Stairway Apartments was purchased by Rebus Capital LLC in January 2018. This 1949 build asset had a value-add opportunity in the form of deferred maintenance of exterior and interiors, as well as untested rent and laundry prices. Rebus Capital was also able to secure very favorable purchasing terms. This property is located directly next to The Square at South Overton. Rebus Capital is able to leverage it's management team at The Square as well as laundry care facility and maintenance staff. Stairway is located in South Overton right across the street from Texas Tech University, and is a popular choice for students. We bought this property because of it's value-add potential and location in a growing area of Lubbock, TX.
Based on our typical value-add play and great purchase terms, Rebus Capital LLC will enjoy healthy returns.