Allendale Village Apartments

Rio Sereno Apartments

Casa Roble Apartments

la sonrisa Apartments

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Camino Del sol Apartments

Deal Summary: This acquisition is a great success for all involved. It needed a ton of work. Rehab started soon as TPCG took over. The rehab was under budget and completed 2 weeks ahead of schedule. The property is located in a very dense Class C market. Competing properties are also very inefficiently managed, making them a perfect acquisition target. TPCG created a new leasing process that results in more engagement with prospective tenants, which ultimately resulted in a quick turnaround with 90% boost in rents with 100% occupancy.

Management Team: Three Pillars Capital Group

Rehab Manager: Fernando Zamarripa

Post Rehab Occupancy: 100%

Post Rehab Rent Increase: From $495 to $950 (92%+)

NOI Increase: By 2.5X (new NOI is 2.5 times pre-rehab NOI)

Expense Ratio: 27% (down from 58% pre-acquisition)

Key Partners: No KPs were selected

Key Partner
Under Consideration

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Dave Tangren
​Atlanta, GA

Deal Summary:​ This is a property that fits well in TPCG's portfolio. The play for this property is similar to previous ones. The sub-market is a very dense and a solid Class C market and it was 89% occupied on take over. The leasing strategies used on the other properties continue to perform well will apply to this property as well. The construction crew and maintenance team will be the same. They understand tenant demands in this market and know how to cater to them.

Management Team: Three Pillars Capital Group

Rehab Manager: Fernando Zamarripa

Pre-Rehab Occupancy: 89%

Post Rehab Rent Increase Expected: ~15%

NOI Increase Expected: 35-40% (based on conservative underwriting)

Expense Ratio Expected: Avg. 47% over hold period

Key Partners: Select after extensive interviews.

Pine lake village Apartments

Key Partner
Under Consideration

Marc Schaevitz
​Miami, FL

Rio Roble Apartments

Monisha Nabar
​Carlsbad, CA

Opportunity to be considered as a key partner- Wed, Aug. 21st at 9pm EST/8pm Cst/6pm PST- Join Here

See what some of our great key partners have to say:

Daniel Holmlund
​Jackson, WY

Joshua D. Welch
Co-Founder
Linkedin

Deal Summary:​ This is a property that fits well in TPCG's portfolio. The play for this property is similar. The sub-market is a very dense and a solid Class C market and it was 100% occupied on take over. The leasing strategies used on the other properties continue to perform well will apply to this property as well. The construction crew and maintenance team will be the same. They understand tenant demands in this market and know how to cater to them.

Management Team: Three Pillars Capital Group

Rehab Manager: Fernando Zamarripa

Pre-Rehab Occupancy: 95%

Post Rehab Rent Increase Expected: ~10-15%

NOI Increase Expected: 45%-60% (based on conservative underwriting)

Expense Ratio Expected: Avg. 45% over hold period

Key Partners: TPCG selected no key partners for this project. KPs are only selected based on relationships. 

Grace Yang
​San Mateo, CA

Kyle Bryant
​Houston, TX

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Steffen Van Doesburg
​Houston, TX

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Sudhir Joshi
​Houston, TX

Jeremy Zinger
​Toronto, Ca

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Dan Kostopolus
San Diego, CA

For private conversation about getting selected as a key partner, fill out this form- Key Partner Form.


Deal Summary:​ This is a property that fits well in TPCG's portfolio. The play for this property is similar. The sub-market is a very dense and a solid Class C market and it was 100% occupied on take over. The leasing strategies used on the other properties continue to perform well will apply to this property as well. The construction crew and maintenance team will be the same. They understand tenant demands in this market and know how to cater to them.

Management Team: Three Pillars Capital Group

Rehab Manager: Fernando Zamarripa

Pre-Rehab Occupancy: 100%

Post Rehab Rent Increase Expected: ~20%

NOI Increase Expected: 45%-60% (based on conservative underwriting)

Expense Ratio Expected: Avg. 40-45% over hold period

Key Partners: Select after extensive interviews.

Tom Inman
​Stamford, CT

Kyle Bryant,
​Key Partner on Rio Sereno Apartments

case studies: KPs who progress to general partners or partnered up with other kps to do their own deal

Bharat Kadia,
​Fairfax, VA

Daniel Holmlund, General Partner, Hillsboro, OR

Started as a Key Partner on 56-unit Sycamore Garden

Became a General Partner on 122-unit Camino Del Sol

Chi Zhang,
​Key Partner on La Sonrisa Apartments

Priscilla Cheng
San Francisco, CA

Meet Josh

Deal Summary:​ This is a property that competes with TPCG's previous acquisition. They have a full understanding of the sub-market and their previous property leads the market in rents being charged. The play for this property is similar. The sub-market is a very dense and solid Class C market. The leasing strategies used in Casa Roble will apply to this property as well. The construction crew and maintenance team will be the same. They understand tenant demands in this market and know how to cater to them.

Management Team: Three Pillars Capital Group

Rehab Manager: Fernando Zamarripa

Pre-Rehab Occupancy: 100%

Post Rehab Rent Increase Expected: ~20%

NOI Increase Expected: 45%-60% (based on conservative underwriting)

Expense Ratio Expected: Avg. 40% over hold period

Key Partners: Select after extensive interviews.

Deal Summary:​ This is a property that fits well in TPCG's portfolio. The play for this property is similar to previous ones. The sub-market is a very dense and a solid Class B market and it was 92% occupied on take over. The leasing strategies used on the other properties continue to perform well will apply to this property as well. The construction crew and maintenance team will be the same. They understand tenant demands in this market and know how to cater to them.

Management Team: Three Pillars Capital Group

Rehab Manager: Fernando Zamarripa

Pre-Rehab Occupancy: 92%

Post Rehab Rent Increase Expected: ~20%

NOI Increase Expected: 30-35% (based on conservative underwriting)

Expense Ratio Expected: Avg. 45% over hold period

Key Partners: Select after extensive interviews.

Chi Zhang, General Partner, San Francisco, CA

Started as a Key Partner on 40-unit La Sonrisa

Became a General Partner on 96-unit Pine Lake Village

Key Partner
Under Consideration

Key Partner
Under Consideration

We've built a multifamily portfolio valued at ~$50M.

I purchased my first rental property in Florida in 2010. I switched to multi-family shortly thereafter once I realized that the path to scale and grow a massive portfolio was through buying apartments. I started Three Pillars Capital Group and have built an amazing team and portfolio. We continue to grow to $100M by 2019.

Our primary focus is on acquiring opportunistic Class B & C multifamily properties. We look for properties that are in need of new management and operational policies, interior and exterior renovations and various other inefficiencies. So far, my team and I have done a phenomenal job in creating value for our tenants and investors. You can explore more here and on our other website Three Pillars Capital Group.

4 Key Partners partnered up to do their own deal

JP from New York, Steffen from Houston, Rory from Charlotte and Dan from Portland were selected as Key Partners after much consideration. 

After months of going through the operations as a KP, they were given the opportunity to take down their own multi-million dollar apartment deal- Monterrey Vista Apartments.

We introduced them to one another and gave them their own off-market deal that the seller brought to us. We introduced them to our team at CBRE to get them a Freddie Mac deal and signed on as the sponsor. We introduced them our attorney, CPA, etc. 

Key Partner
Under Consideration

Prasad Jakka
​Seattle, WA

completed acquisitions and deals below

Rory Cummins,
​Key Partner on Sycamore Gardens Apartments

Tom Swan,
​Key Partner on Camino Del Sol Apartments

A Great success with huge rent INcreases and margins SOLD for almost 2X purchase price

Sycamore gardens Apartments

Deal Summary:​ This is a property that fits well in TPCG's portfolio. The play for this property is similar. The sub-market is a very dense and a solid Class C market and it was 100% occupied on take over. The leasing strategies used on the other properties continue to perform well will apply to this property as well. The construction crew and maintenance team will be the same. They understand tenant demands in this market and know how to cater to them.

Management Team: Three Pillars Capital Group

Rehab Manager: Fernando Zamarripa

Pre-Rehab Occupancy: 100%

Post Rehab Rent Increase Expected: ~20%

NOI Increase Expected: 45%-60% (based on conservative underwriting)

Expense Ratio Expected: Avg. 40-45% over hold period

Key Partners: Select after extensive interviews.

Chi Zhang
​San Francisco CA

Mike Zhou
​Naperville, IL

Monisha Nabar, General Partner, Carslbad, CA

Started as a Key Partner on 56-unit Sycamore Garden

Became a General Partner on 96-unit Pine Lake Village

Deal Summary:​ This is a property that competes with TPCG's previous acquisition. They have a full understanding of the sub-market and their previous property leads the market in rents being charged. The play for this property is similar. The sub-market is a very dense and solid Class C market. The leasing strategies used in Casa Roble will apply to this property as well. The construction crew and maintenance team will be the same. They understand tenant demands in this market and know how to cater to them.

Management Team: Three Pillars Capital Group

Rehab Manager: Fernando Zamarripa

Pre-Rehab Occupancy: 100% (gives a cash flow cushion going in with ability to give investor distributions)

Post Rehab Rent Increase Expected: ~30%

NOI Increase Expected: 45%-60% (based on conservative underwriting)

Expense Ratio Expected: Avg. 40% over hold period

Key Partners: TPCG selects Key Partners after extensive interviews.

Income Properties Portfolio

Key Partners under consideration right now

Christine Valencia
​Winter Garden, FL