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DELTA ALLIANCE CAPITAL MANAGEMENT, LLC ANNOUNCED THE SALE OF ITS 424 UNIT CENTRAL PARK APARTMENTS TO WESTERN WEALTH CAPITAL
Mission Viejo, CA - August 26, 2019
The Houston office of CBRE facilitated the sale. CEO Robert Warren noted: ”We were able to substantially enhance the value of this property through exterior and interior renovations that led to very strong returns over the 3 year plus hold.
DELTA ALLIANCE CAPITAL MANAGEMENT, LLC ANNOUNCED THE 48 MILLION DOLLAR SALE OF ITS 576 UNIT MADISON PARK APARTMENTS
Mission Viejo, CA - July 12, 2018
Delta Alliance Capital Management, LLC announced the sale of its 576 unit Madison Park Apartments to Tri Partners out of Houston, Texas. The Houston office of CBRE facilitated the sale. CEO Robert Warren noted: ”We were able to substantially enhance the value of this property through exterior and interior renovations that led to very strong returns over the 3.75 year hold.”
DELTA ALLIANCE CAPITAL MANAGEMENT, LLC ANNOUNCED THE SALE OF ITS THREE PROPERTY IN GRETNA, LA.
Mission Viejo, CA - May 18, 2018
Delta Alliance Capital Management, LLC announced the sale of its three property in Gretna, La., for $56 million to Alabama based Multifamily Management Inc.. The transaction consisted of the 288 unit Baywood East property, the 226 unit Baywood West property and the 226 unit Cedarwood property. A team of Berkadia brokers negotiated the transaction on behalf of the seller. Robert Warren, CEO, stated “having assembled these properties in 2012 and 2013 we were able to gain economies of scale in that submarket that were reflected in excellent returns for us and our partners”.
DELTA ALLIANCE CAPITAL MANAGEMENT, LLC ANNOUNCES ITS NINTH MULTIFAMILY ACQUISITION
Delta Alliance Capital Management, LLC closes its fourth Multifamily asset in Indiana as it continues to build a presence in the Midwest, Southern and Gulf Coast States with a focus on Texas, Louisiana and Indiana.
Delta Alliance Capital Management, LLC (“DACM”) is pleased to announce its ninth multifamily acquisition with the closing of the Stonebrook Apartments, a 121 unit apartment community located in Evansville, Indiana. The apartment community is a Class C asset which has been substantially renovated over the past 3 years. Stonebrook Apartments is adjacent to The Arbors at Evansville, a 150 unit asset purchased by DACM in 2011. Together, the assets have complimentary unit mixes, offer increased street frontage and a clear operational efficiency. Stonebrook will be rebranded as The Arbors at Evansville – South. The purchase of Stonebrook follows within eight months of DACM’s latest Midwest acquisition. Robert C. Warren III, CEO, noted: “We are pleased to acquire an additional asset of this quality and continue to expand our footprint in Southern Indiana.”
Delta Alliance Capital Management (Headquartered in Mission Viejo, California) is a private, fully integrated real estate investment company that acquires, renovates, repositions and manages apartment communities located in highly desirable, supply-constrained markets. DACM’s primary focus is to create value through a combination of renovation, operational stabilization and improved management. It has acquired approximately 2,300 multifamily units in three states.
DACM’s affiliated entity, Investors’ Property Services (“IPS”), will be responsible for the day-to-day management of The Arbors at Evansville – South. The IPS team has extensive management experience spanning over 36 years and has earned a reputation for its commitment to excellence in property and asset management services while working with some of the most recognizable clients in the industry.
DELTA ALLIANCE CAPITAL MANAGEMENT ANNOUNCES ANOTHER TEXAS ACQUISITION
Irvine, CA – October 9, 2015
DELTA ALLIANCE CAPITAL MANAGEMENT, LLC (“DACM”) is pleased to announce the acquisition of the Central Park Apartments, a 424 unit apartment community located in the master planned Westchase submarket community of Houston, Texas. The apartment community is a 1976 Class B asset well positioned on 12 acres fronting Gesner Avenue near the intersection of Westheimer Road and Sam Houston Tollway/Beltway 8.
The purchase of Central Park follows within a year of DACM’s acquisition of Madison Park Apartments in the same submarket. Robert C. Warren III, CEO, noted: “We are pleased to acquire an additional asset of this quality in this unique marketplace. We plan to infuse significant capital into the property to enhance the grounds, interiors, leasing office and fitness center in this attractive marketplace”. DACM partnered on the transaction with a Texas based real estate private equity firm.
DELTA ALLIANCE CAPITAL MANAGEMENT (Headquartered in Irvine, California) is a private, fully integrated real estate investment company that acquires, renovates, repositions, and manages apartment communities located in highly desirable, supply-constrained markets. DACM’s primary focus is to create value through a combination of renovation, operational stabilization, and improved management. It has acquired over 2,000 multifamily units in three states.
DACM’s affiliated entity, Investors’ Property Services (“IPS”), will be responsible for the day-to-day management of Central Park. The IPS team has extensive management experience handling both the rehab and turnover repositioning actions. Throughout the last 35 years, IPS has earned a reputation for its commitment to excellence in property and asset management services while working with some of the most recognizable clients in the industry..
DELTA ALLIANCE CAPITAL MANAGEMENT ANNOUNCES FIRST TEXAS ACQUISITION
Irvine, CA - November 5, 2014
DELTA ALLIANCE CAPITAL MANAGEMENT, LLC (“DACM”) is pleased to announce the acquisition of the Madison Park Apartments, a 576 unit apartment community located in Houston, Texas. Madison Park is situated in the dynamic master planned Westchase submarket of Houston which is adjacent to the Houston Energy Corridor. Built in 1978, the community consists of a variety of desirable floor plans with an average unit size of 895 square feet. Madison Park is situated on 23.5 acres in the heart of the Westchase’s epicenter near the intersection of Westheimer Road and Sam Houston Tollway/Beltway 8.
“With a replenished capital structure and marketing plan, we plan to capitalize on an exceptional Houston employment growth trend coupled with demand for upgraded rental housing,” according to Paul Perkins, Chief Investment Officer of DACM. DACM plans to invest significant capital in order to implement a value add strategy to enhance the grounds, interiors, leasing office and fitness center. The business plan also includes updating the landscape and installing new signage as part of DACM’s repositioning efforts. Robert C. Warren III, CEO, noted: “We are pleased to acquire an asset of this quality in the highly desirable Westchase submarket. We are looking forward to providing an improved rental housing product to this attractive Texas marketplace.” DACM partnered on the transaction with a Texas based real estate private equity firm.
DELTA ALLIANCE CAPITAL MANAGEMENT (Headquartered in Irvine, California) is a private, fully integrated real estate investment company that acquires, renovates, repositions, and manages apartment communities located in highly desirable, supply-constrained markets. DACM’s primary focus is to create value through a combination of renovation, operational stabilization, and improved management.
DACM’s affiliated entity, Investors’ Property Services (“IPS”), will be responsible for the day-to-day management of Madison Park. The IPS team has extensive management experience handling both the rehab and turnover repositioning actions. Throughout the last 34 years, IPS has earned a reputation for its commitment to excellence in property and asset management services while working with some of the most recognizable clients in the industry.
DELTA ALLIANCE CAPITAL MANAGEMENT ANNOUNCES ANOTHER LOUISIANA ACQUISITION
Irvine, CA - February 26, 2013
DELTA ALLIANCE CAPITAL MANAGEMENT, LCC (DACM) is pleased to announce the acquisition of 288 units in suburban New Orleans, LA for 18 million dollars. The purchase follows the acquisition in August, 2012 of the 226 unit Cedarwood Apartments and the 226 unit Baywood Apartments both located in the same metropolitan area. Carlyle Apartments is located directly next door to Baywood Apartments. Robert C. Warren III, CEO, noted: “The addition of another prime asset in the desirable Westbank submarket truly helps us to provide an even better rental housing product to this attractive marketplace. Carlyle and Baywood will combine operations and allow us to improve both sites with common fitness center and playground amenities. The Carlyle name will be retired and the combined operations of the larger site will operate under the Baywood name.” DACM partnered on the transaction with Redwood Real Estate.
DELTA ALLIANCE CAPITAL MANAGEMENT (Headquartered in Irvine, California) is a firm organized to acquire and operate income property that can be enhanced in value though a combination of renovation, operational stabilization, and improved management. The company was formed in late 2010. DACM has acquired approximately 1,200 units in the past 19 months. DACM will engage on a contract basis Investors’ Property Services to provide property level management for each of its acquisitions. Investors’ Property Services has a 30 year history of providing third party income property management services on a national basis and it operated by DACM principal, Robert C. Warren III.
REDWOOD REAL ESTATE PARTNERS (Headquartered in Rancho Santa Margarita, California) is a privately-owned entrepreneurial real estate investment and asset management company founded by Carl Chang and the Chang Family. The company has a team with extensive experience and success in purchasing assets directly, as well as investing throughout the capital stack via joint venture equity, preferred equity, and junior debt structures.
DELTA ALLIANCE CAPITAL MANAGEMENT ANNOUNCES LARGE LOUISIANA ACQUISITION
Foothill Ranch, CA - September 20, 2012
DELTA ALLIANCE CAPITAL MANAGEMENT, LCC (DACM) is pleased to announce the
acquisition of 452 units in two multifamily properties in suburban New Orleans,
LA for 23.5 million dollars. The properties will require limited rehab. Robert
C. Warren III, CEO, noted: “We are proud to acquire these two excellent assets
located in the desirable Westbank submarket. The application of our operational
expertise coupled with new capital infusion should make these assets solid
performers for our partners”. DACM partnered on the transaction with Redwood
Real Estate.
DELTA ALLIANCE CAPITAL MANAGEMENT (Headquartered in Foothill Ranch, California)
is a firm organized to acquire and operate income property that can be enhanced
in value though a combination of renovation, operational stabilization, and
improved management. The company was formed in late 2010. DACM has acquired
approximately 1,000 units in the past 13 months. DACM will engage on a contract
basis Investors’ Property Services to provide property level management for each
of its acquisitions. Investors’ Property Services has a 30 year history of
providing third party income property management services on a national basis
and it operated by DACM principal, Robert C. Warren III.
REDWOOD REAL ESTATE PARTNERS (Headquartered in Rancho Santa Margarita,
California) is a privately-owned entrepreneurial real estate investment and
asset management company founded by Carl Chang and the Chang Family. The company
has a team with extensive experience and success in purchasing assets directly
as well as providing capital for investment in commercial development,
redevelopment, value-add and distressed asset and debt opportunities through
preferred equity and junior debt structures.
DELTA ALLIANCE CAPITAL MANAGEMENT
Foothill Ranch, CA - May 24th, 2012
DELTA ALLIANCE CAPITAL MANAGEMENT, LLC (DACM) is pleased to announce the
acquisition of its third Midwest multifamily property consisting of 192 units
located in Indianapolis, Indiana. The properties will undergo a limited rehab
component to add value and strengthen market position. Robert C. Warren III,
CEO, noted: “With the infusion of new capital, this acquisition will have a
positive impact on the property and its residents.
DAMC is a firm organized to acquire and operate income property that can be
enhanced in value through a combination of renovation, operational stabilization
and improved management. The company was formed in late 2010 to capitalize on
the improving fundamentals in multifamily and commercial real estate.
DACM has partnered with Investors’ Property Services to provide property level
management of each of its acquisitions. Investors’ Property Services has a 30
year history of providing third party income property management services on a
national basis and is operated by Robert C. Warren III.
DELTA ALLIANCE CAPITAL MANAGEMENT FIRST MIDWEST ACQUISITION
Foothill Ranch, CA -
August 2, 2011
DELTA
ALLIANCE CAPITAL MANAGEMENT, LCC (DACM) is pleased to announce to the
acquisition from a private seller of two multifamily properties in Evansville,
Indiana. The properties consist of a 150 unit garden style multifamily and an 88
unit garden style multifamily. The properties will require some limited rehab.
Robert C. Warren III, CEO, noted: “We are proud to acquire property in Southern
Indiana that, with the infusion of new capital, will add significant value these
communities.”
DELTA
ALLIANCE CAPITAL MANAGEMENT is a firm organized to acquire and operate income
property that can be enhanced in value though a combination of renovation,
operational stabilization, and improved management. The company was formed in
late 2010 to capitalize on the improving fundamentals in commercial real estate.
DACM
will partner on a contract basis with Investors’ Property Services to provide
property level management of each of its acquisitions. Investors’ Property
Services has a 30 year history of providing third party income property
management services on a national basis and it operated by DACM principal,
Robert C. Warren III.
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