A LOOK INSIDE Trails at 2112
Acquired below replacement cost, Trails at 2112 is a 1980’s two-story, garden-style apartment complex spread across 12 buildings on 5.32 acres.
We are currently in the process of implementing our tried-and-true, boutique approach to asset transformation in order to capitalize on Modesto’s unmet demand for mid-level luxury apartments. This transformation will include tasteful and modern renovations inspired by the very best of the hospitality industry, as well as the addition of brand-new, resort-style amenities such as a dog park, club house, and multiple BBQ picnic areas.
The Modesto submarket has a very limited supply of mid-luxury apartment homes. Per a CoStar Market Report, the higher-end product type represents less than 5% of the available inventory. This limited supply of new housing in the submarket continues to strengthen our rental upside. There has only been 100 new market-rate multifamily units built over the past 10 years.
This is where Valiance intends to capitalize on the unmet opportunity.
Location: Modesto, CA
Property Type: Multifamily
Acquisition Price: $17,750,000
Status: Under Construction
Project-Level IRR: 15.0%
Equity Multiple: 2.2x
Valiance Capital is a privately held real estate development and investment management company with a primary focus on multi-family and student housing properties.
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Valiance Capital LLC
2425 Channing Way Suite B
Berkeley, CA 94704
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