Jevan acquired 224 unit property in prestigious Alamo Heights. Successfully implemented rebranding and renovation resulting in rental rate increase of 63%.

Jevan acquired and converted 300 condominiums into a single-owner apartment complex with a total cost of $15mm. Followed by a $19mm renovation which addressed the failed structural and cosmetic elements of the property, the property was sold for $76mm in 2021.

In October of 2016, Jevan acquired the 121-unit Casa Blanca in Phoenix, AZ in the up-and-coming Melrose District. With a walk score of 77 DUO offered residents a, somewhat unique to Phoenix, walkable lifestyle in the heart of Midtown.

Jevan identified an opportunity at a “Distressed” property near a large urban university. Through extensive upgrades to the property, rebranding and Jevan’s professional management team rents increased 83%

Jevan acquired Azura with an extensive issue with plumbing that was costing the property money. Through renovations, Jevan was able to reduce utility expenses by $56,000 and increased the property value by 75% in just two years.

Jevan purchased this asset as Phoenix Office Market had begun to trend positive. After the renovations were completed, there was dramatic 57.7% increase in asset value from 2016 to 2017 

Jevan took this underutilized office complex and through upgrades increased overall value by 34% just one year after purchasing.

Jevan was able to purchase the well located 104 unit La Maison Apartments. After implementing property rebranding and renovation, rental premium resulted in a 25% return on investment. Investor cash distributions now average 35.9% cash on cash return.

Based upon strong performance and excellent location, Jevan is continuing to hold the asset and successfully grew NOI 40.1% and rents 29.6% since the time of acquisition.