Donaldson acquired two notes secured by the property which had been in default since October 2009. After completing the foreclosure process, Donaldson acquired Regency Pointe.
Donaldson managed a $16.6mm renovation, consisting of curb appeal upgrades including new signage, extensive re- landscaping, amenity enhancements including a new community center with fitness, business and youth activities center, newly remodeled leasing center, new playgrounds and laundry facilities; and infrastructure improvements including building façade and entryway upgrades, renovated stairwells and hallways, lighting upgrades, and new roofs and plumbing line enhancements, along with interior renovations to 1/3rd of the apartments.
