• Town East is a 224-unit, multifamily community located approximately 13 miles northeast of downtown Dallas.
  • The tremendous return on the co-owners’ investment can be attributed, in large part, to a decision to refinance rather than sell the property at time when market conditions were not favorable.
  • As the maturity date of the original loan approached in January 2016, NAS executives presented options that included refinancing the property and extending the hold period until market conditions improved.
  • The NAS team worked with co-owners to refinance the property while securing a capital resource to finance the TIC-structured property, with favorable terms, at a time when capital markets were resistant to financing properties that consisted of multiple co-owners.
  • Refinancing the asset also presented a major challenge as some co-owners preferred to sell rather than extend the investment holding period. Capital sources required a guarantor for each property ownership position. With procedural guidance from the NAS team, three Town East investors stepped forward as guarantors, satisfying these lending requirements.
  • The refinancing strategy proved to be extremely successful as the property value increased substantially, due in part, to aggressive marketing efforts spearheaded by NAS that maintained an occupancy level of over 95%, despite the tragic impact of COVID-19 on the marketplace.
  • The sale of the property resulted in a cumulative return of 270% for investors who originally purchased the property as a group of tenants-in-common (TIC) owners in January 2006.

  • National Assets Services Success Stories

    National Asset Services is a nationally respected, owner-entrusted commercial real estate management company that has delivered positive results for over 2500 investors nationwide. With experience in managing properties, located in diverse markets across the country, the NAS team knows that all owners have one goal in common:

    Increase Property Value. Optimize Property Performance.

    If you’re looking for a better commercial real estate management company, put the NAS team to work for your asset today. You will quickly see how an experienced commercial property management company will be a real difference in the making of your property’s success story.

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