Exterior of a Donaldson apartment community
Majestic Apartments building exterior
A swimming pool outside of a Donaldson apartment community

Case Studies

Brinkley Manor

Donaldson acquired Brinkley Manor, completing a $1.9mm renovation that entailed converting the aging and highly inefficient central plant from a two-pipe central heating and cooling system to all new high-efficiency, individually metered heat pumps including full electrical heavy-up, and new electric panels and meters.

Property Constructed1972
Purchase Price Per Unit119,444
Renovation Cost Per Unit15,169
Sale Price Per Unit213,889
Internal Rate of Return43.10%
Average Annual NOI Increase60.09%
More Info

Rolling Brook Village

Donaldson acquired Rolling Brook Village with a business plan of correcting significant deferred maintenance and taking advantage of needed value add upgrades, as well as continuing an interior unit renovation program to generate rent premiums that were competitive in the market.

Property Constructed1988/1989
Purchase Price Per Unit$146,858
Renovation Cost Per Unit$3,590
Sale Price Per Unit$189,208
Internal Rate of Return24.19%
More Info

Andrews Ridge

Donaldson converted the aging and highly inefficient central plant from a two-pipe central heating and cooling system to all new high-efficiency, individually metered heat pumps including full electrical heavy-up and new electric panels and meters.

Property Constructed1965
Purchase Price Per Unit$55,733
Renovation Cost Per Unit$30,310
Sale Price Per Unit$120,935
Internal Rate of Return22.43%
Average Annual NOI Increase57.41%

 

More Info

Regency Pointe

Donaldson managed a $16.6mm renovation, consisting of curb appeal upgrades including new signage, extensive re-landscaping, amenity enhancements and more.

Property Constructed 1963
Purchase Price Per Unit$34,307
Renovation Cost Per Unit$27,712
Sale Price Per Unit$93,490
Internal Rate of Return20.01%
Average Annual NOI Increase138.72%

 

 

More Info

Heather Hill

When acquired, Heather Hill was undercapitalized and suffered from deferred maintenance. The property was undermanaged and under-merchandised in the market and was lacking true customer service.

Property Constructed1963
Purchase Price Per Unit$83,878
Renovation Cost Per Unit$14,800
Sale Price Per Unit$124,183
Internal Rate of Return25.28%
Average Annual NOI Increase19.2%

 

More Info