ATX Acquisitions

We’re excited to give you a first look at our 230-unit deal in Jacksonville: Portofino Club. Our managing director, Daniel French, recently joined the ResProp Management team for our due diligence process at the property. Here’s why we love this deal: 🌴Portofino Club is being acquired 20% below a previously contracted offer. 🌴The property is located in the affluent Hidden Hills neighborhood, catering to families seeking upscale living in an area with limited supply. 🌴The property is positioned near major employment centers and attractive amenities. 🌴Targeted returns are extremely attractive: 18.8% Net IRR, 2.19x Net Equity Multiple, and 6.9% Average Cash Yield. This investment opportunity is filling up fast. If you are an accredited investor and are seeking a cash-flowing investment, let us know at https://lnkd.in/gM-3bRnZ. #realestate #multifamily #investment

Burning the night oil! Picture from last week in Dallas following a long day of property tours and investor meetings. Evenings are for catching up on emails and underwriting. It's not always pretty, but the hard work pays off. A lot of exciting things coming soon🤫 Have a productive Monday! Sign up on our website at https://lnkd.in/gM-3bRnZ to stay in the loop for future opportunities. Kevin Weller, JP Schlueter, Daniel French, Mike Haigh #mondaymotivation #team

Great tour today of our Eleven600 property in Lake Highlands area of Dallas. We closed on this asset in April this year--with our wonderful partners Anthem Development. The business plan is being executed ferociously by our ResProp Management team and asset management visits like the one we had today are critical to ensure positive momentum. Closing the deal is just the first day of a very long journey--you need laser focus in order to maximize asset value and improve resident's lives. We're on it! Love to see the progress, great work by all! Ross Frankfurt William McNutt Raichel Patrick, CAM, CAPS, ARM® JP Schlueter Matthias Rhein Kevin Weller ResProp Management Andrea Harrel Chelsey Lawson

If you want to succeed in property management, you have to be attached to a broader mission. It's about serving owners and residents. 🎙 I had a great conversation with Tim Little, MBA on his podcast – check it out!  🏘 The conversation covered a ton of ground, specifically focusing on property management. Tim, you were a great host and our ResProp Management team is honored to steward your asset! Check out the podcast. Linked below. #propertymanagement #realestate #serve

Dallas visit! 🤠 We’re touring deals and meeting with investors all week. Lots of exciting partnerships and opportunities built. If you’re an investor or want to learn more about our group, sign up at https://lnkd.in/gM-3bRnZ Matthias Rhein, JP Schlueter, Kevin Weller, Mike Haigh, Daniel French.

Unless you truly are in the guts of property management, you wouldn't know the whole story behind the uptick in evictions. From the WSJ: 👉 "Tenant evictions look stuck at elevated levels in several corners of the U.S., showing little sign of returning to what was typical before the pandemic." Sadly, some of it is driven by this: 👉 "The elevated eviction filing rates in some places follow a sharp acceleration in rents, after pent-up demand during the pandemic flooded supply-short housing markets with people looking to rent. Those rent increases have pushed many lower-income tenants to the brink of what they can afford to spend." What is the WSJ article missing? 🛑 According to a 2024 survey by the National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA), application fraud is widespread and increasing among landlords and property owners:  93.3% of respondents reported experiencing fraud in the past 12 months 🤚 Stopping fraud in the property management space only happens when you have an ultra-sophisticated property management team like ResProp Management running your asset. And you need to also use an AI-driven tech product for fraud protection, something we are building at Rex tech. Reach out if you'd like to learn more or if we can help protect your asset. https://lnkd.in/ghfWHwQB

Deal tour! 🤫 The video says it all - this is a beautiful asset (in a core location). Details to come later. Sign up on our website to be notified about our next deal: https://lnkd.in/gM-3bRnZ #deals #tours #invest

Always great to see our friends from out of town. Ryan Dennison and Christopher Green come back soon. Y’all are best in the biz. 👊 #team Slade Weishuhn, Daniel French

Our President just proposed a 5% cap on rent increases – but misread the teleprompter and said $55 would be the cap. It’s embarrassing on so many levels – but besides that, it’s misguided, hypocritical, and is blatantly pandering to his base, putting politics above policy. 🛑 Misguided: As ATX Acquisitions Managing Director Mike Haigh pointed out yesterday, there is near-universal agreement among economists that rent control policies actually make things worse for working class folks. Read his post here: https://lnkd.in/gu_u2C9t 🛑 Hypocritical: Here’s all the luxury housing the President owns: https://lnkd.in/gxC6rPPA How in touch is he with “corporate-owned housing?” What he’s missing – capital that invests in real estate is seeking reasonable, risk-adjusted returns and that many, many Americans are invested in real estate through pension funds, retirement funds, etc. It’s not just faceless, nameless corporations that this would impact, but also everyday investors seeking a reasonable retirement. 🛑 Pandering: In my opinion, this is so transparent – a move to get Bernie Sanders and AOC to back off calls to have the President drop out of the race. I understand the political system has some horsetrading (regrettably), but putting politics above sound policy just ~100 days prior to the election, in a sinking campaign – that is extremely disappointing and reveals the worst of our political system. What do you think about Biden's plan for rent control? Watch his statement here: https://lnkd.in/ggQRU-zv #realestate #rentcontrol #biden

"We're going to make sure we reduce the price of housing. We're going to build 2 million new units. We're going to cap rents so corporate greed can't take over." At President Biden’s press conference following the NATO summit, he stated: “If I’m reelected, we’re going to make sure that rents are kept at 5% increase… corporate rents for apartments and the like and homes are limited to 5%.” Economists overwhelmingly oppose rent control. Decades of research show it discourages new construction, reducing housing supply – the very issue it aims to address. Rent control also disincentivizes maintenance, leading to housing deterioration. Here's how this plays out: City X enacts rent control, initially offering relief to current tenants. However, landlords, unable to recoup rising costs through rent increases, become hesitant to invest in new properties or maintain existing ones. With fewer new units entering the market, overall supply shrinks. As demand remains high, existing units become scarce, potentially leading to black markets and increased competition for available, lower quality units. Regulation can materially impact investors' returns. As a firm, we actively avoid markets where rent caps are more likely to be enacted which is another reason we like many of the markets in Texas and Florida.