3001 Crystal Springs is a 152-unit multifamily community built in 1983 and located in the highly desirable suburban submarket of Bedford, Texas. The property has undergone significant recent capital improvements, including new roofs, exterior paint, renovated unit interiors, and upgraded amenities, positioning the asset in strong physical condition.
• Stabilization Upside – Currently operating at ~85% occupancy, providing immediate value creation through lease-up to market occupancy levels.
• Strong Physical Condition – Recent capital improvements including new roofs, exterior paint, renovated units, and amenity upgrades significantly reduce near-term capital expenditure risk.
• Rental Growth Potential – Ability to increase rents through continued unit renovations and improved operational execution in a strong suburban rental market.
• Premier Suburban Location – Situated in Bedford, Texas, within the highly desirable Mid-Cities corridor, benefiting from strong schools, stable demographics, and proximity to major employment centers.
• Complete Rebuild of Building 1 – All 8 units have been completely renovated and rebuilt to acheive a high level rent premium.