The Hudson

S2 Capital acquired The Hudson in October 2015. The Hudson is a 660-unit community in Arlington, TX.

The Hudson is a two-story garden style multifamily community originally built in 1984.

The Hudson served as S2’s 12^th value add deal, furthering the firm’s economies of scale in the Dallas-Fort Worth Market.

S2 originally acquired the property in October 2015 and budgeted to spend approximately $12,500 per unit in renovation costs.

S2 implemented numerous exterior improvements, including new paint, improved landscaping, Trex composite patio railing, brand-new interiors in the clubhouse and the resident lounge, and a redesigned pool area.

S2 realized successful rent increases of 23%, from $733 to $905 at the time of sale. Furthermore, S2 believed the property maintained unrealized value, thus recapitalized the deal in September of 2017 and once again in December of 2020.