Willowood is a real estate investment firm focused on the acquisition and management of multifamily properties throughout Texas.
Willowood Group is a privately owned investment firm with a focus on multifamily apartment communities.
Willowood’s acquisition process is patient, analytical, and opportunistic. Our firm is focused on acquiring and managing core and value-add multifamily assets in Texas. Willowood currently owns and operates roughly 1,500+ multifamily units in the Dallas-Fort Worth metroplex. We manage a number of these properties through a wholly-owned entity, Caddo Property Management.
Our investment philosophy is simple: to optimize for cash-on-cash yield and long-term asset value. We take a disciplined, asset-specific approach whereby our operating expertise and management efforts can improve performance.
Focused investment criteria where our teams can add value and maximize the asset’s potential over the long-term.
Willowood focuses on investing in individual multifamily assets or portfolios that present opportunities for value-add improvements be it through an operational turnaround and/or a CAPEX renovation program. Our typical investment size ranges from $10 to $75 million and we target properties that allow for operational efficiency, generally those over 150 units. As long-term investors, we aim to hold onto properties for a period of 10 years or more, allowing us to maximize cash-on-cash returns on a risk-adjusted basis.
1985+150+ UnitsTarget Vintage: We typically purchase properties built after 1985, below replacement cost, after extensive diligence has been conducted to determine capital needs over the hold period. Willing to purchase older vintages if pricing allows for extensive rehabilitation.
Target Unit Size: Property size allows for specialized and dedicated on-site teams alongside ability to increase rents and conduct light renovations without vacancy risk. We will look at smaller properties if immediate value can be realized.
7 to 10+ Years2,000+ UnitsTarget Hold Period: We do not typically “buy and flip” properties. Our focus is to acquire properties that will provide long-term cash-on-cash yields and we structure equity and leverage appropriately.
Units Acquired Since Inception: As long-term owners, Willowood currently owns and manages roughly 1,500+ multifamily units in Dallas in addition to development acreage in Austin, TX.
Select Willowood Assets
Old East Dallas Portfolio. 110 Units.
A collection of 7 properties in and around the Peak Historic District in East Dallas. After purchasing the portfolio, the properties underwent extensive renovations, were subsequently re-leased at rates 100%+ above acquired rents, and then refinanced. This portfolio is currently managed by a wholly-owned entity, Caddo Property Management.
Vesper Apartments. 192 Units.
The Vesper Apartments (previously the Aspen Creek Apartments) is located in a rapidly growing area of Dallas, “Midtown Dallas.” Upon purchase, the property underwent an extensive CAPEX program and rebranding, with rents having increased 20-35%+ since acquisition. Post refinance, the asset is designed to provide reliable cash-on-cash returns to investors over the holding term (7+ years). Property Website.
The Oasis Apartments. 506 Units.
Purchased in distress at <60% occupancy, we conducted a management overhaul, increased revenues nearly 100% in 18 months, and refinanced the property. The asset is on a long-term, fixed rate loan and is designed to provide reliable cash-on-cash returns to investors over the holding term (7+ years). Property Website.
The View at Lake Highlands. 292 Units.
Purchased using Fannie Mae financing, at historically low interest rates, the View at Lake Highlands had been renovated and stabilized prior to acquisition. The asset is designed to provide reliable cash-on-cash returns to investors over the holding term (7+ years). Property Website.
The Haven Apartments. 144 Units.
An opportunistic and off-market acquisition. We acquired via a loan assumption thereby reducing the acquisition price. Upon acquisition, we installed new management, a new marketing program, and performed minor exterior renovations. Occupancy rose from 75% to 90%+ and we returned 40% of capital via a refinance 4 years ahead of schedule. The property is now designed to provide reliable cash-on-cash returns to investors for the remainder of the holding period. Property Website.
East Dallas Assets. 112 Units. Assets Sold.
A number of assets, located in the Peak Historic District of East Dallas, were purchased off-market, out of distress, utilizing either existing debt, seller-financing, or acquisition financing. The properties were in various states of disrepair and mismanagement. Over a period of 12 months, properties were renovated, repositioned, and subsequently sold.
Carson Creek Ranch. 135+ Acres.
Carson Creek is a 135+ acre project located across Highway 71 from the Austin-Bergstrom International Airport. The project is located in what is locally known as “The Dog’s Head,” historically a industrial area now undergoing re-development. The property sits alongside a quarter mile of Colorado River frontage.
Vista Azul Apartments. 246 units.
Vista Azul apartments was acquired off-market, in distress, at <70% occupancy. The property will undergo an extensive CAPEX program and operational overhaul with the aim of refinancing the property onto a long-term, fixed rate loan. Property Website.