Multifamily Portfolio Repositioning Project
Nimes acquired a 1,103-unit multifamily portfolio across three adjacent assets in a rapidly growing submarket of Houston, TX. Nimes oversaw the completion of renovation work to the interiors of every unit and a cosmetic overhaul of building exteriors which resulted in significant rent growth and return on invested capital. Nimes was also responsible for overseeing portfolio operations. Nimes sold the asset in 2018, achieving a deal-level IRR in excess of 30%.