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S2 Capital

S2 Capital Real Estate Investing

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Teague

DALLAS APARTMENT INVESTOR DEEPENS BET ON PHOENIX

June 4, 2021 by Teague

S2 Residential Acquires Two More Multifamily Properties in Hot Market.

Filed Under: news

S2 CAPITAL PARTNERS SELLS 2,000-PLUS DFW APARTMENT UNITS TO NEW YORK FIRM

May 12, 2021 by Teague

S2 Capital Making A Splash In Real Estate Selling 2,000-Plus DFW Apartment Units To New York Firm.

Filed Under: news

THIS DALLAS-BASED INVESTOR JUST WRAPPED UP A NORTH TEXAS APARTMENT-BUYING SPREE

April 12, 2021 by Teague

Dallas-based real estate investment firm S2 Capital has bought five North Texas rental properties totaling 1,966 units in three separate transactions.

Filed Under: news

S2 QUINTUPLES DOWN ON DALLAS COMMITMENT

April 8, 2021 by Teague

Further committing to its hometown, Dallas-based S2 Capital recently acquired five DFW properties totaling 1,966 units via three separate transactions.

Filed Under: news

DALLAS INVESTOR GRABS ALMOST 2,000 LOCAL APARTMENTS

April 7, 2021 by Teague

S2 Capital now owns almost 11,000 rental units in North Texas.

Filed Under: news

The Dryden

April 6, 2021 by Teague


The Dryden

S2 Capital acquired Dryden apartments in August 2016. Dryden is a 188-unit community located in Arlington, TX.


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Business Plan & Execution


Formerly named River Oaks Apartments, this two and three-story garden style multifamily community was originally constructed in 1983.

The thesis for this investment was driven primarily by our ability to acquire a well-located asset in a high growth submarket with additional upside through renovations and our vertically integrated management.

S2 budgeted to spend approximately $15K p/unit in renovation costs to upgrade the interior of units to include new countertops, flooring, fixtures, paint, and appliances, while also conducting an exterior renovation to completely revamp the complex.

After renovating 66% of the total units and increasing average rents 23% from $731 to $900, S2 decided to capitalize on the growth created and sold the property.

In total, our LPs received a 33.8% IRR and a 1.88x MOIC.


Before



After




Key Metrics


Capitalization

$14,407,496

Total Equity

$3,723,496

Renovation Budget

$2,884,860

Year Built

1983

Total Units

188

Average Sqft/Unit

840 sqft

Units Renovated

66%

Starting Rent

$731

Ending Rent

$900

Rent Increase

$169

Hold Period

25 months



More Case Studies


The Muse

The Landing at East Mil

Boat and Shore House

Filed Under: case-studies

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Recent Posts

  • S2 Capital acquires multifamily community in Tampa, surpasses 50,000 units acquired
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  • S2 Capital Recognized Among Top Multifamily Owners in 2025 NMHC 50 Rankings
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  • S2 Capital Purchases Sun Belt Portfolio

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    Dallas, TX 75201

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