02/20/2025
2024 Year End Update at Top Producer Investment Capital
See How Our Investors Are Winning in 2024.
Portfolio Rental Income 2024: $2,546,236
Portfolio Net Operating Income 2024: $931,634
Portfolio Distributions Sent To Investors 2024: $667,011
Legends on Storey Lane, Dallas, TX – 12 Unit Multifamily
This property has been sold! We achieved a 52% IRR (Internal Rate of return, similar to an investment that compounds annually like the interest rate on a high yield money market account). Originally purchased for $850,000 in 2022, and sold for $1.7M in August of 2024. Thanks to the great work of the Greysteel team on the sale in Dallas. Investors in this deal who put in $100k walked away with $220,000 after less than 2 years.
Harmony Village,Gonzales, TX - 32 Unit Multifamily
This property is well stabilized and performing wonderfully thanks to the on site manager.
In 2024, We were able to generate $355,369 of revenue during the year which resulted in profits of $54,389 that we were able to distribute to investors. The performance of this property is actually higher than original pro forma projections for 2024. This continues to be an exceptional property in the portfolio. Originally purchased for $1.7M and currently estimated to be valued at $3.0M.
Starlight Horizon, Canyon Lake, Tx – 14 Unit Short Term Rental Boutique Hotel
This project had major improvements to the financial performance in 2024 as compared with 2023. Revenue for the year was $501,030, which generated around $3,000 of profit, because the majority of profits were reinvested back into the project to continue to increase its value. Comparing 2024 to 2023, in 2024 We achieved an additional 331 bookings, $329,648 of revenue, and $104,760 of profit higher than we did in 2023. A huge improvement. Originally purchased for $1.9M, and should be worth $3.6M.
20 Tate Village, Round Rock, TX – 30 Unit Multifamily
This property was purchased in December 2024. We are excited to partner with our investors on this new deal, and our first Class A project! Since we just closed, there is no financial performance to report, but we have high expectations for the profitability of this project since we were able to secure it at such an attractive purchase price, and obtain such favorable financing for the deal.
Please Note:
In an effort to show full transparency with our updates, please be aware that there are other properties in the portfolio of Top Producer Investment Capital. However, the partners on those other deals have requested that we not share information regarding the performance of those properties on these updates.
Conclusion:
The phrase we have heard over and over in commercial multifamily throughout 2024 is "Survive till 2025!" The reason being that a large number of construction projects in Central Texas are finishing up, and with no new construction projects in the works because of the current high interest rate debt environment we have, the Texas real estate market is likely to see a lack of supply in 2025 - 2027. Hopefully the difficult times are behind us, and from 2025 forward we can expect a return to continued increases in rent growth, occupancy, and profitability across all projects.