Author Archives: dave
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Lanier Terrace Stabilization Completed
Posted on May 24, 2013 by dave in Greenleaf FundsOver the past two months, Greenleaf has completed the stabilization plan at Lanier Terrace Apartments in Gainesville. We brought up the 11 down units on the site, implemented water conservation measures through low flow fixtures and relocated the office to free up an additional rental unit. On the operations side we were able to release [...]
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Greenleaf adds 53 unit Lilburn School Townhomes
Posted on May 16, 2013 by dave in Greenleaf FundsIn May, Greenleaf added the 53 unit town home community located between Lilburn Elementary school and the brand new Bryson Park. The complex consists of 8 buildings with 38 two bedroom units and 15 three bedroom units. After acquiring, Greenleaf immediately began upgrading the exterior appearance of the community with new landscaping, building siding, windows, gutters, and pavement improvements. [...]
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2013 First Quarter Review
Posted on April 1, 2013 by dave in Quarterly ReviewGreenleaf’s investment portfolio continued to grow in the first quarter with the L007 and L008 funds purchasing a total 126 units representing $1.5M in capital for total acquisitions of leveraged to $3.1M. The previous six funds are operating very well and are on track for stabilized cash flow and profit sharing this year. Our goal is to [...]
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Greenleaf adds 30 unit deal in Reynoldstown Atlanta
Posted on March 26, 2013 by dave in Greenleaf FundsIn March, Greenleaf added a 30 unit apartment complex, known as Amberwood Apartments in the in town neighborhood of Atlanta Ga. The property is a 1960s style complex, consisting of 2 bedroom, 1 bath units. The property was operated as an affordable/subsidized housing property by the previous owners. Upon acquisition, repairs to the property exterior [...]
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Greenleaf adds 96 unit complex in Gainesville Ga
Posted on March 7, 2013 by dave in Greenleaf FundsIn March, Greenleaf added the 96 unit Lanier Terrace Apartments to the portfolio through an acquisition in the Greenleaf L007 fund. The property is in a prime downtown location across from the North Georgia Medical Center and on the core access road of downtown Gainesville. The Gainesville area has seen over 90% population growth in [...]
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Greenleaf 2012 Annual Investment Report
Posted on January 12, 2013 by dave in Quarterly ReviewGreenleaf experienced tremendous growth in 2012 as our investment targets expanded from small apartment complexes into the mid-sized market. This growth increased invested capital to over $3 million, while continuing to strengthen our relationships with community banks based on healthy leverage ratios (60-70%). These investments have also expanded the Greenleaf team, with nine new team [...]
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Foxwood repairs are underway
Posted on December 10, 2012 by dave in Greenleaf Fundsfor the fourth quarter and scheduled for Jan 1st 2013 completion. Our initial project involved the repair/replacement of numerous HVAC units that were aging across the property, along with low flow plumbing fixtures, exterior grading and the finishing of 12 down units. Work began in September, after purchasing the property in late August. The team [...]
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Only a couple units left
Posted on December 1, 2012 by dave in Greenleaf FundsAt the Pines of Lawrenceville Apartments in Atlanta! Jose has done an excellent job in the stabilization of the Pines occupancy. We have had positive response from all the new tenants and Jose has been effectively coordinating tenant requests, leasing and even picked up some pool maintenance skills along the way. The Pines is in [...]
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Greenleaf Management adds River Oaks Apartments in Athens
Posted on October 1, 2012 by dave in Greenleaf ManagementThe 54 unit River Oaks Apartments complex in Athens Georgia was transitioned to Greenleaf Management. This complex consists of 2,3 & 4 bedroom floor plans with a mix of flats and town home units and is located at the Southern portion of the University of Georgias Campus.
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Construction Completed at the Pines of Lawrenceville Highway
Posted on August 29, 2012 by dave in Greenleaf FundsThanks to our commercial contractor, Abbey Contstruction Company, we were not only able to squeeze in the property’s full landscaping, reviving the pool, and more HVAC replacements, but we stayed within our timeline and on budget for the scope of work. We are thrilled with the outcome, the property looks incredible and the tenants are [...]
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