From one deal to multi-deal fund

“Since completing the program, we’ve immersed ourselves in the Dallas market and recently closed on our first deal. We are now implementing an upgrade program to increase rents and decreases costs, and plan on acquiring several more deals in the next 9 months.”

Bill Mara
increase apartment value with upgrades

After a successful career in the telecommunications industry, my business partner and I were looking to make a change. We had identified commercial multifamily as an area of focus, but we wanted something that would give us a jumpstart in the industry. We had years of experience as commercial asset managers, but multifamily was new to us, and we were looking to find mentors to accelerate the learning process.

After some research, we found the Multifamily Partner Program and were immediately impressed by the real-world experience and active multifamily portfolio of 37th Parallel Properties.

Looking at live operating assets as part of our education, and to have the instructors share their experience of what they did and why they did it was really valuable to us. It’s different than just about every other real estate education program we came across.

Since completing the program, we immersed ourselves in the Dallas market and recently closed on our first deal. We are now implementing an upgrade program to boost rents; we are also getting expense management under control and are starting to see some positive results. It’s really encouraging to apply what you learned and see it work.

We plan on acquiring several more deals in the next 9 months, using a variety of capital sources to do it. We’ll offer our investors several options when investing with us so we can better meet their needs and close more deals. Multifamily Partner really helped us get started and we are very excited about the future.

Read Our Additional Case Studies

commercial apartment investing

From one deal to professional

Learn how the Multifamily Partner Program helped one Graduate scale his portfolio.

Read the Case Study >

Confidence to scale

Learn how the Multifamily Partner Program helped one Graduate added 8 deals.

Read the Case Study >

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