AT A GLANCE

– Purchased in 2015 for $3.2m. Current Stabilized Value: $5.7m
– Mulberry Court started 2019 w/ a 98% occupancy w/ average rents over $200 from previous years
– $35K of capital improvements in 2017
– TSG continues to add value by renovating units as they become available, improving tenant retention and streamlining expenses

Mulberry Court HUD Refinance

In Q1 of 2019, TSG completed it’s HUD refinance loan of  Mulberry Court Apartments with a current value of $5.7m.

Holiday Breakfast On The Go

Mulberry Court Resident Manager, Maria Smith has been doing a great job for TriStar on behalf of the residents at Mulberry Court.  Her Holiday Breakfast on the Go event offered residents the opportunity to address questions and concerns and share coffee and pastries with Maria and fellow residents.

Reducing Expenses to Increase Profits

During Q4, 2017 and continuing into Q1, 2018, TriStar Partner Jason Kuntz and Mulberry Court Resident Manager, Maria Smith employed expense-reduction strategies resulting in a net profit increase of $4950 per month, bringing Mulberry Court to its stabilized net/net goal eight months ahead of projections.