Purchased in 2015, this 432-unit apartment community underwent a significant renovation to conform to the Lloyd Jones Vibe brand. The entrance was re-oriented to be more visible, and the small clubhouse was turned into an expansive community center with “We Work-type” stations and social entertainment areas throughout.
Lloyd Jones sold the property in 2018. Realized IRR was 34.69%
TownParc at Sherwood offers affordable housing to the Houston community within a highly rated school district. The property has convenient highway access, putting the Energy Corridor, West Chase, and Galleria employment centers within a short drive.
To add value, Lloyd Jones repositioned the property by instituting a capital improvement plan, changing the name to TownParc at Sherwood, and adding new signage.
The pool was enhanced with cabanas and an improved lounge deck. The clubhouse and units received makeovers. The asset produced an IRR of 23.20%
Built in 1926, this property sits in the heart of Miami Beach. Near the expansive Miami Beach Convention Center, it is easily accessible to the entire city, and beyond.
With 56 units encircling a gated courtyard, this historic property is quintessential old Miami Beach.
Lloyd Jones operated the apartment complex for three years and in 2015 sold it for almost double the acquisition price.
Property is located just north of Greenville on 49 acres with hiking trails and shady picnic areas. A large apartment community, The Granite at Taylors offers a variety of floorplans, some including a wood-burning fireplace.
Greenville enjoys a reputation as one of the best places to live in the U.S. Its downtown supports a strong arts district with boutique retail shops and vibrant restaurant.
Lloyd Jones purchased the property in 2012, repositioned it, and sold it in 2015. Realized IRR was 25.74%.
Laurel Pointe is centrally located in Jacksonville with easy access to downtown employment centers as well as to the beach and its recreational opportunities.
Laurel Pointe units are very large with floor to ceiling windows overlooking grassy courtyards. The community offers a comfortable club room/cyber café and a sunny pool and lounge deck.
Lloyd Jones purchased the property in 2011 and sold it in 2018. Realized IRR was 21.83%.
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Property Specifications
- Town Parc at Amarillo is a 144-unit garden style community featuring one-, two-, and three-bedroom floor plans.
- Interior features include all-electric kitchens, walk-in closets, and private balconies or patios.
- Exterior amenities include swimming pool, fitness center, children’s playground, and picnic areas with barbeque.
- Town Parc at Amarillo is a tax-credit community. Income restrictions do apply.
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Property Information
Town Parc at Amarillo is a beautiful, affordable apartment home community in Amarillo, TX.
Families love our playground, picnic area, and swimming pool. When at home, there’s plenty of space for cooking and relaxing thanks to our spacious floor plans.
Residents enjoy the convenience of easy access to shopping at Westgate Mall, restaurants, entertainment, schools in the Amarillo Independent School District, and the I-40.
CityParc at Keller is a Class A ground-up development located in a highly desirable Dallas/Fort Worth suburb with strong demand-driving fundamentals.
We partnered with an institutional-quality European equity partner to construct and operate this 312-unit, Class A community. As the project was nearing completion in late 2007, the national economy began to show signs of distress. We remained confident that the market fundamentals would weather the storm, supplemented by diligent leasing efforts and micro expense control.
The results were remarkable. Not only was the project completed well below the estimated cost, CityParc at Keller became a case study for managing downside risk in the face of economic hardship. Despite entering lease-up in the heart of the 2008 recession, the project exceeded the hurdle rate and delivered 2x multiple to investors upon exit in 2014.
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Property Specifications
- The Meetinghouse at Bartow is a 160-unit garden style community featuring one- and two-bedroom floor plans.
- The Meetinghouse at Bartow is a 55+ senior living community.
- Interior features include breakfast bars, private balconies or patios, and spacious walk-in closets.
- Exterior amenities include fun social events, fitness center, shuffleboard court, swimming pool, and picnic area.
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Property Information
The Meetinghouse at Bartow in Bartow, FL is a beautiful 55+ senior apartment community ideally situated near major highways, shopping, restaurants, and entertainment.
The Meetinghouse at Bartow offers one and two-bedroom apartments for rent for adults 55 and above. Surrounded by amazing green lawns, towering trees, and lush manicured landscaping, The Meetinghouse at Bartow is Florida living at its finest.
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Property Specifications
- Town Parc at Tyler is a 96-unit garden style community featuring two- and three-bedroom floor plans.
- Interior features include all-electric kitchens, tile flooring, ceiling fans, and 9-foot or vaulted ceilings.
- Exterior amenities include swimming pool, children’s playground, and ample guest parking.
- Town Parc at Tyler is a tax-credit community. Income restrictions do apply.
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Property Information
Town Parc at Tyler is an apartment rental community located in the heart of Tyler, TX, offering comfortable and affordable apartments for rent. With contemporary apartment features uniquely designed to create a carefree and relaxing lifestyle, our two and three-bedroom apartment rentals include spacious living areas perfect for entertaining and everyday living. Our apartments come with fully equipped electric kitchens, spacious square footage and beautiful tile floorings.
Conveniently located in the North Loop, Town Parc at Tyler is nearby shops, dining, and public transportation.
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Property Specifications
- Dan River Crossing is a 55+ apartment complex comprised of two historic buildings adapted for use: the Tobacco Company Cigar Factory, circa 1894, and the Waddill Printing Company Lithographic Plant, circa 1926.
- The property includes 74 housing units.
Property Information
Dan River Crossing is a mixed-income senior housing apartment complex for adults ages 55+.
The buildings feature exposed beams and brick walls, as well as original wide-plank flooring. The community overlooks historic Dan River in a newly rehabbed section of the city near a large park, amphitheater, and the popular Danville Farmer’s Market.
Dan River Crossing is the winner of the 2005 award for Outstanding Adaptive Reuse and Preservation of an Architecturally and Historically Significant Property.