Get started

Please answer the following questions and provide some information about yourself to allow us to reach out and begin the process.

Case Studies
February 4, 2024

Case Study: Belle Spring Branch


Belle Spring Branch was the off-market acquisition of a fully-stabilized 258-unit, 5-story midrise apartment community in the rapidly developing submarket of Spring Branch East in Houston, TX. The property was developed by a local Houston developer, Dakota Enterprises, in 2021. BCP was able to acquire the property at a 26% discount to replacement cost and a 29% discount to comparable multifamily sales in the submarket thanks to accretive financing pre-approval from Fannie Mae (government loan agency) which gave the seller confidence in BCP’s ability to close the transaction.

We have been in a long bull market, and track records will be challenged.” Buchanan said. “We have never lost investor principal or made additional capital calls, and do not foresee this changing.

- Keith Buchanan

BCP’s value-add strategy at the property includes:

  • Bringing in a high effective property management team to aggressively drive rents and keep operating costs to a minimum
  • Introducing new amenities including a dog-wash station and a bike garage
  • Xeriscaping the property’s amenity courtyard and landscaping to improve water usage and visual appeal 
  • Upgrading existing amenity areas with Class-A consistent conveniences
  • Restructuring and improving the reserved parking system

Subscribe to our newsletter

Get ahead with our monthly newsletter and receive valuable insights on the latest in real estate and investment trends.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.