Multifamily Asset Management Case Studies: Aspen Heights & The Heights

Two deals. Two different states. Two very different paths to performance.

In Episode 6 of his asset management series, Think Multifamily's Brent Kawakami walks through two real Class C acquisitions from late 2020 — Aspen Heights in Fort Smith, Arkansas and The Heights in Greensboro, North Carolina — covering what he liked, what he didn't, and the asset management challenges that defined each hold.

You'll hear:

- How a $35K/door basis and some of the strongest defensive underwriting Brent had seen led to a five-year business plan executed in under two years

- What a brand-new property management company looks like from the inside — and how it became one of the best in the portfolio

- What happens when you acquire a true mom-and-pop deal with almost no financial records, month-to-month leases across the board, and sellers who still want to drop by after closing

- How to handle a 30-day close window over Thanksgiving and Christmas when the deal dies if you miss it

- The vacancy paradox: when a property is too full to execute your value-add business plan

Ready to learn alongside serious multifamily investors in person? Join us at our next live event at thinkmultifamily.com/event.

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