Miami, Fla. — Lloyd Jones Capital, a private, multifamily real estate investment firm, has purchased the Carol Oaks Apartments in Fort Worth, TX. The firm plans to upgrade and rebrand the 224-unit community located at 7412 Ederville Road. According to the company, this location is one mile from Interstates 30 and 820 and provides easy access to Downtown Fort Worth as well as the entire DFW metro area.
Carol Oaks is the first of several Lloyd Jones Capital acquisitions scheduled for imminent closing. Others are located in Houston, Tampa, and South Florida. The company looks for properties to which it can add value through renovations or stronger management. Its related company, Finlay Management, Inc., an AMO (Accredited Management Company) provides property management services to all acquired real estate assets.
Says Chris Finlay, Chairman and CEO of Lloyd Jones Capital, “It takes a lot of work to find a property of this caliber for our investors. But with our local ‘boots on the ground’ in every market, we have been able to track down the very best opportunities.”
Dallas/Fort Worth Vice-President of Investments, Mark McCoy, is responsible for the acquisition, underwriting and subsequent asset management of Carol Oaks. McCoy credits the entire Lloyd Jones team for this timely closing. “Our underwriting team, our management team, our construction team all provided unique insight into this property. We were on-site with operating phones, computers and new management the day we closed. We have an incredible team. The entire process is highly coordinated.”
ABOUT LLOYD JONES CAPITAL
Lloyd Jones Capital is a private equity real estate firm that specializes in the multifamily sector. With 35 years of experience in the real estate industry, the firm acquires, improves and operates multifamily real estate in growth markets throughout Texas, Florida and the Southeast.
Lloyd Jones Capital provides a fully integrated investment/operations platform. Its property management arm partners with the investment team to provide unparalleled local expertise in each of its markets. Headquartered in Miami, the firm has offices throughout Texas and Florida. The firm’s investors include institutional partners, private investors and company principals. For more information visit lloydjones.wpengine.com.