Oak Lawn Apartments

A sunny outdoor area of an apartment complex with two-story buildings. There are plants and decorative elements like hanging pots on the second-floor balcony. The area includes a small garden with tropical plants and a pergola with seating.

Actual Returns

1.5x

16%

2.6 years

Internal Rate of Return

Equity Multiple

Holding Period

Executive Summary

RCP Oak Lawn APTS, LLC invested $3.8 million to acquire and renovate a 137-unit, 1970’s-vintage apartment complex in Dallas, Texas. Once the Project is acquired, renovated and stabilized, it should be sold in year three or four and provide investor cash-flow during the holding period.

Closing Summary

The Maverick Oak Lawn apartment project, the underlying investment in the RCP Oak Lawn Apts., LLC venture sold. The project sold for $24,550,000, or $179,197 per unit, which is slightly above the pro-forma amount in a shorter period then originally projected.

RCP Class A investors have realized a 1.48x equity multiple and 16% IRR over an investment period of just 2.6 years.

Building labeled 'Oak Lawn Heights' surrounded by vibrant garden with yellow and pink flowers and large green leaves.

Outdoor patio with orange chairs and tables, surrounded by trees and buildings.