Red Knight Properties

08/29/2024

JUST CLOSED! Pleased to announce Red Knight Properties' disposition of Paddock & Paradise Apartments, a 85-unit apartment community in Ocala, Florida!

* ~18% Gross IRR (Internal Rate of Return) In 33 Months *

- Initially acquired an off-market sixty-one (61) unit apartment community in Ocala, Florida ‘Paddock Apartments’ from a long-term “mom & pop” private ownership group, and motivated seller in November, 2021

- Subsequentially acquired the adjacent twenty-four (24) unit apartment community ‘Paradise Apartments’ off-market from the same long-term “mom & pop” private ownership group, and motivated seller in March, 2022

- Successfully increased apartment in-place rent average from ~$650 to ~$1,200 with a strategic cosmetic interior & exterior capital improvement plan within 33 months upon acquisition

- Nearly doubled in-place net operating income within a 33-month investment holding period

- Combined the two properties & parcels as one rebranded 85-unit complex & successfully disposed of the asset within a total of 33 months; realized a gross investor levered internal rate of return (IRR) of ~18%

Thank you for all of our partners, for making this possible and for your unwavering support!

To learn more about future opportunities, join the Red Knight Investor Association by scheduling a call here: https://redknightproperties.com/investwithus/

06/17/2024

A new report has found Ocala is the second most popular city Americans are moving to in 2024.

A new report has found Ocala is the second most popular city Americans are moving to in 2024.

06/04/2024

https://352today.com/news/257752-ocala-is-the-1-city-people-are-moving-to-in-the-u-s-according-to-new-report/

See what other Florida city made the top 10 list.

06/03/2024

JUST CLOSED! Pleased to announce Red Knight Properties' disposition of Eastdale Oaks, a 104-unit apartment community in Montgomery, Alabama!

* ~15% Gross IRR (Internal Rate of Return) In 15 Months *

- Initially acquired one hundred & four (104) apartment units in the East Montgomery submarket of Montgomery, Alabama, from a long-term private ownership group and motivated seller in January, 2023

- Nearly doubled in-place apartment rent average with a strategic cosmetic interior & exterior capital improvement plan within fifteen (15) months upon acquisition

- Grew in-place net operating income upon purchase by ~45% within a 15-month investment holding period

- Successfully disposed of the asset within fifteen (15) months; realized a gross investor levered internal rate of return (IRR) of ~15.00%

Thank you for all of our partners, for making this possible and for your unwavering support!

To learn more about future opportunities, join the Red Knight Investor Association by scheduling a call here: https://redknightproperties.com/investwithus/

02/05/2024

"Thrilled to share the successful completion of exterior renovations at our latest apartment community, Village Square in Ocala, Florida! From fresh exterior painting to meticulous landscaping and a roof replacement, we've enhanced the curb appeal and quality of life for our residents. Excited to see the positive impact these improvements will have on our community. "

12/04/2023

Multifamily Outlook & Aligning Investor Expectations In 2024 With Gideon Pfeffer: Discovering Multifamily Podcast 244

Gideon serves as the CEO and Managing Partner, of the GSH Group, and is responsible for strategic partnership initiatives and ventures, equity and debt opportunities, overseeing investment performance, and approving decisions on investments and acquisitions. He also oversees daily operations. Under Gideon's leadership and direction, in the last five, the GSH Group has raised and placed over $300 million of equity and assembled a portfolio of over 7,500 apartment units in five states, worth over a billion dollars.

Prior to GSH, Gideon operated a highly successful aggregation and renovation firm focused on single-family homes in the Midwest and Southeast. Through these ventures, Gideon worked with numerous institutional investors helping them navigate the emerging market for SFR and build residential investment portfolios of single-family homes.

Between 2010 and 2016 Gideon’s company purchased, constructed, renovated, managed, and/or sold thousands of single-family homes. Using lessons learned from his previous enterprises, Gideon directed his attention to the acquisition and renovation of workforce multifamily housing.

Gideon contributes articles to INC. Magazine and was selected as one of Business Magazine’s “30 in their 30s” honorees in 2017. He has served on various boards and in advisory roles for non-profit groups focused on community development, solving the housing problem for the "missing middle", as well as the revitalization of the City of Detroit. Having attended Syracuse University and as a recipient of various grants and scholarships, Gideon and his wife pay it forward by having created the Jaime and Gideon Pfeffer Scholarship Fund, created to support students in need attending Syracuse University.

YouTube: https://youtu.be/ziVQz3z4KAg

Website: www.redknightproperties.com/media

iTunes: https://podcasts.apple.com/us/podcast/discovering-multifamily/id1506820688

Knight Properties

12/01/2023

JUST CLOSED! Pleased to announce Red Knight Properties' acquisition of Village Square, a 67-unit Class B middle market value-add multifamily ‘workforce housing’ opportunity in Ocala, Florida. The acquisition was sourced off-market from a long-term and motivated seller.

The property consists of seven two-story buildings. The buildings are comprised of 23 one-bedroom/one-bathroom units with 769 rentable square feet, 20 two-bedroom/one-bathroom units with 1,002 rentable square feet, eight two-bedroom/one-and-one-half bathroom units with 1,260 rentable square feet and 16 three-bedroom/two-bathroom units with 1,370 rentable square feet. All the units have central air-conditioning and the buildings sit on a 5.31 acre MOL parcel of land. Amenities include on-site laundry facilities, playground and a pool.

Thank you for all of our partners, for making this possible and for your unwavering support!

To learn more about future opportunities, join the Red Knight Investor Association by scheduling a call here: https://redknightproperties.com/investwithus/

11/21/2023

https://www.realpage.com/analytics/cincinnati-occupancy-rents-hold-strong/?blaid=5343632

While coming down from recent highs, apartment occupancy and rent growth in Cincinnati continue at a solid pace.

11/20/2023

Discovering Multifamily Episode 242: How One Investor Jason Malabute With a Disability Found Multifamily Real Estate Success

Born in Los Angeles, California, Jason Malabute, an MBA, is a seasoned Real Estate Investor, an active Philanthropist, and a CPA (Certified Public Accountant). Despite being born with a condition called ‘Cerebral Palsy’ that affects speech and muscle movement, Jason Malabute never took it as an excuse and used his disability as a motivation instead.

Jason Malabute started his real estate journey in 2018 and studied real estate for 1 whole year before finally investing in three rentals in the very first year of 2019, in Indianapolis. After successfully following the investment strategy called BRRRR (Buy, Rehab, Rent, Refinance, and Repeat) for multiple properties, Mr Malabute took the leap from single-family to multifamily investing under the mentorship of Sterling White. Sterling White is the founder of Sonders Investment Group and is involved with both buying and selling over 100 single family homes. Mr. White has recently scaled his portfolio to just under 500 multi family apartment units.

Following the footsteps of Sterling White, today, Jason Malabute is the proud owner of Malabute Properties LLC and has recently exited out from all the single-family homes in 2021. He has now totally submerged into the multifamily investing in Indianapolis and Kansas City areas, where his prime interest remains in acquiring 6-30 unit apartment buildings.

YouTube: https://youtu.be/gw7-tNhIKNw

Website: www.redknightproperties.com/media

iTunes: https://podcasts.apple.com/us/podcast/discovering-multifamily/id1506820688

Knight Properties Scandariato Leonard in real estate

11/06/2023

New exterior amenity center coming along nicely at one of our newer properties, Cloverdale Estates in Alabama - excited to see the final result shortly!

Knight Properties

11/04/2023

10/28/2023

Thank you Josh E. Appelman for having us on the Real Estate Hustlers Podcast!

Watch Here:

🔥Live Podcast Alert 🔥On this Real Estate Hustlers Podcast episode, we will be talking with Anthony Scandariato the Co-Founder & Managing Principal of Red ...