Alara Ventures

04/14/2020

Join us April 16th at 2pm CT for a BisNow webinar with Alara Ventures founder and CEO Alison Malkhassian and Camden Chairman and CEO Ric Campo to learn how they are navigating the COVID-19 crisis.

The coronavirus pandemic has presented commercial real estate CEOs with unprecedented challenges, as they are working to keep their employees, compromise with clients struggling to pay expenses, and keep their businesses running as smoothly as possible without stepping foot inside the office.

Campo is a Houston multifamily powerhouse and Camden owns and operates 159 multifamily communities accounting for more than 56,000 units across the country, while Malkhassian is a real estate investment expert with more than 25 years in the industry.

They will discuss the opportunities still available for investors in this market, how Camden is changing its strategies to respond to COVID-19 and what these Houston CRE leaders predict for the future of the multifamily market in the wake of the pandemic. There will also be time for Campo and Malkhassian to take questions from attendees.

Read more at: https://www.bisnow.com/houston/news/commercial-real-estate/webinar-ceos-and-covid-19-with-alison-malkhassian-and-ric-campo-103884?utm_source=CopyShare&utm_medium=Browser

Join Bisnow as we host an online discussion on the coronavirus with Camden Chairman and CEO Ric Campo and Alara Ventures founder and CEO Alison Malkhassian.

05/29/2018

LOVE these pictures we just received from Cheyenne Village Apartments in San Antonio. This shows how smart renovation can BUILD a community.

In 2014 we formed AV Affordable Housing and renovated 3 at-risk acquisition/rehab properties in the San Antonio area that we acquired in 2015 in partnership with Think Housing Development of Los Angeles.

04/06/2018

Alara Ventures announces sale of Springwood Park Apartments in Spring Branch (Houston), Texas.

Alara Ventures, a Houston-based privately held investment firm specializing in multifamily investments, announces the sale of Springwood Park Apartments, a 145-unit townhome community located in Spring Branch (Houston), Texas. Acquired in October 2014 as Bermuda Woods Apartments, the property suffered from absentee management, inner-community crime, and a residual lack of capital investment. Alara Ventures recognized multiple attributes which made the property attractive for renovation; townhome-style apartments, next to an 11-acre municipal park, and located in one of Houston’s best public school districts. Together, this was an opportunity to create the perfect property for working-class families seeking a quality public education for their children though the highly regarded Spring Branch schools.

Following acquisition, Alara immediately began a $8,500 per unit renovation; concentrating on curing deferred maintenance, completing exterior and interior improvements, and re-tenanting the property with qualified residents. These initiatives developed a sense of community for the residents. Total return to investors was a 24.2% IRR and 1.98 equity multiple over 3.5 years.

Alara Ventures thanks our strategic partners, Berkshire Property Management for their outstanding ex*****on of Alara’s vision, as well as David Wylie and Matt Saunders of ARA/Newmark for flawlessly marketing the property.

10/20/2017

Alara Venture’s position on the impact of Hurricane Harvey on the Houston Multifamily Market.

"In the wake of Hurricane Harvey, both print and social media have dedicated significant bandwidth to the impact of the storm on the Houston housing market. We have all read predictions of an ensuing boom in the apartment market; the result of single family home losses increasing demand for apartments and lost apartment inventory decreasing supply. It is logical that the apartment market will benefit from the tragedy, but just how much is the question.” Read more….

06/01/2017

We were very excited to be featured in this month’s Affordable Housing News. The article, found on pages 26 and 27, focuses on our experience as a market-rate multifamily investor entering the affordable housing space for the first time.

In 2014 we formed AV Affordable Housing and are nearing completion on 3 at-risk acquisition/rehab properties in the San Antonio area that we acquired in 2015 in partnership with Think Housing Development of Los Angeles.

We are actively seeking partners with whom to joint venture affordable housing opportunities in the years to come.

http://www.affordablehousingnews.com/issues/summer2017/