Cityside Huntington Metro rooftop sundeck and lounge
A man and woman on a sofa enjoying coffee
A man and woman at a desk looking at a laptop screen

Regency Pointe

In June 2010, TDG acquired two notes secured by the property which had been in default since October 2009. After completing the foreclosure process, TDG acquired Regency Pointe.

The Donaldson Group 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 fa├žade 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.

20%
Internal Rate of Return
138.72%
NOI Growth
20%
Internal Rate of Return
138.72%
NOI Growth

In addition, TDG 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.

As a result, the utility expense decreased over 60% and NOI increased an annual average of 138% over a 4 year period.

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%