09/03/2026
DEAL SPOTLIGHT: Apex — Dallas-Fort Worth
- 152 units | Class B/C
- Acquired for $7.75M
- 2025 appraised value: $16.0M
That's not a typo. We acquired Apex for less than half its appraised value — one of the clearest examples of distress-cycle pricing dislocation we've underwritten for.
The value-add plan is now in ex*****on, following the same playbook that's already working at The Flats.