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 Principals: Select after extensive interviews.

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 Principals: Select after extensive interviews.

Chi Zhang
​San Francisco CA

Key Principals under consideration

Vishal Didwania, General Partner, Chicago, IL

​Vishal is a KP on La Sonrisa Apartments and wants to do more deals. 

We offered him an opportunity to become a co-GP with us on other deals and now he has that experience. We did so because of the great chemistry and communication we share. 

Now he is building is portfolio and building a great track record! He will have opportunities to build on this with more deals we do.

Tom Inman
​Stamford, CT

Key Principal
Under Consideration

Vishal Didwania
Chicago, IL

Kyle Bryant, ​General Partner, Houston, TX

​After Kyle was selected as a KP on Rio Sereno apartments, he wanted to do more deals. 

We offered him an opportunity to become a co-GP with us on future deals. We did so because of the great chemistry and communication we share with Kyle. 

Now he is building is portfolio and building a great track record! He will have opportunities to build on this with more deals we do.

Kyle Bryant,
​Key Principal on Rio Sereno Apartments

Key Principal case studies: What they are doing now and opportunities available on future deals

For More details, click here

Andrew Saunders, Key Principal, Philadelphia, PA

We selected Andrew as a KP on Rio Roble Apartments. He always performs his KP tasks and we like that about him! He now wants to be a General Partner on his own deals. 

We see more off-market deals than we can close. So we are now giving such deals to KPs like Andrew to take a stab at. He's getting access to our off-market deal flow, something very rare in this deal starved market. If you want to discuss partnership opportunities with Andrew, email him directly- af.saunders@outlook.com.

Key Principal
Under Consideration

Bharat Kadia,
​Fairfax, VA

Pat McCarley

Note: Has since closed on his own solo acquisition

Dave Tangren
​Atlanta, GA

Key Principal
Under Consideration

Discussion- Opportunity to be considered as a key principal- Oct. 17th at 9pm EST (8pm CST/6pm PST)- Join Here

Income Properties Portfolio

Dan Kostopolus
San Diego, CA

completed acquisitions and deals below

Joshua D. Welch
Co-Founder
Linkedin

Key Principal
Under Consideration

Rio Roble Apartments

A Great success with huge rent INcreases and margins

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)

Participants: The following were chosen by Three Pillars based on matching goals and expectations.

Prasad Jakka, General Partner, Seattle, WA

After several discussions with Prasad, it was obvious to us that our goals and vision matched. Immediately after selecting him as a KP on Rio Roble Apartments, he wanted to do more deals.

He wanted to be a General Partner and we gave him that opportunity on several deals! He got his first Freddie Mac deal as well. He desires to do more deals and get involved in more complex transactions with us. Great chemistry and communication with Prasad is the cornerstone of our relationship.

Tom Inman,
​Key Principal on Rio Roble Apartments

Raj & Jeremy,
​Key Principal on Rio Sereno Apartments

Prasad Jakka
​Seattle, WA

Andrew Saunders
​Philadelphia, PA

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

Jeremy Zinger
​Toronto, Ca

Rio Sereno Apartments

Dan Kostopolus,
​Key Principal on Inwood Meadows Apartments

la sonrisa Apartments

Russ Roberts

For More details, click here

For More details, click here

Key Principal
Under Consideration

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 Principals: TPCG selects Key Principals after extensive interviews.

Meet Josh

We've built a $10 million+ portfolio of multifamily properties.

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.

Casa Roble Apartments

Kyle Bryant
​Houston, TX

Kyle Nelson