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Communities

OPAL Equity LLC focuses in the Sun Belt markets on income producing properties with value add component. OPAL Equity LLC takes pride not only in the ability to find great properties but also be part of improving the quality of life of the residents of the investment properties and their nearby communities.

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Estates of Celina

61 Acres+ in Celina, TX

Why have we invested?

  • Celina is one the fastest growing cities;
  • With a current population of over 30,000 people, The City of Celina’s population has doubled in three years – it is expected to hit about 160,000 people by the end of the decade;
  • Celina, TX have a median annual income of $124,375, which is more than the median annual income of $65,712 nationwide;
  • In July 2022, Celina home prices were up 45.2% compared to last year, selling for a median price of $722K as per Redfin;
  • Connectivity through Dallas North Tollway;
  • 45 minutes to DFW airport;
  • Very Good Schools;
  • No Other project with 1 Acre+ lots in Celina at present;
  • 45 single family lots will be developed.

    ***resource “Estates of Celina offering memorandum”.

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Calder Square Apartments

164-Unit, Class B – League City, TX
Why have we invested? 
• Over 90% Total Return after 5 Years;
  • 1.9 Equity Multiple;
  • 8%+ Average Annual Cash Flow over the 5 Year Period;
  • 15%+ IRR for Equity investors;
  • 5-year Bridge loan, interest only;
  • 100%+ Depreciation.
  • Strong Submarket
  •  League City is one of the fastest-growing submarkets located in Southeast Houston;
  •  More than 80,000 jobs in a 5-mile radius and 135,000 jobs within 10 miles, including NASA and a regional healthcare hub;
  •  $116,000 average household income within a 1-mile radius;
  •  10.3% rent growth in submarket over the last 12 months;
  •  Calder Square has historically experienced above-average rent growth and 95% average occupancy over the past decade;
  •  Zoned to A-rated schools in Clear Creak ISD (ranked #5 in the Houston metro).
  • ***resource “Calder Squire Apartments offering memorandum”.
 

Cranbrook Forest Apartments

261 units, Class C – Houston, TX

Why have we invested?

Houston Market

    • Houston is the 4th most populated city in the nation;
    • Houston is projected to add over One Million residents between 2015 and 2030, the second-highest growth nationally;
    • Home to 47 Fortune 1000 companies.

Investment Highlights

      • Projecting 8%+ annual cash-flow and an overall 100%+ total return over a 5-year hold period
      • Assumption of low leveraged agency debt which is very attractive in the event of downturns
      • New roofs in 2015 and all units have their own washer and dryer hookup, hot water tank, and individual HVAC
      • Previous ownership had invested nearly $3M in property leaving little deferred maintenance
      • Nearly all units remain in a near-classic condition which will give the opportunity to renovate unit interiors and receive a high return on investment.

***resource “Cranbrook Forest Apartments offering memorandum”.