Drever Investing
Strategic acquisitions. Timely dispositions. Strong returns.
Larkspur at Shadow Creek
Start DateMarch 2019
Proj CompletionSept 2020
Units257
Acres12
1401 Elm
Mixed-Use Redevelopment
Dallas, TX
Start DateApril 2019
Proj CompletionNov 2020
Multifamily324
Hotel218
Office/Retail60,000 SF
Larkspur at Twin Creeks
Proj. Gross IRR24.2 %
Equity Multiple2.1x
Hold Period5 years
Total Equity$18,000,000
Total Cost$36,000,000
Windsong at Rock Creek
Proj. Gross IRR22.9%
Equity Multiple2.7x
Hold Period5 years
Total Equity$6,000,000
Total Cost$13,000,000
Aria at Rollingbrook
Proj. Gross IRR18.8%
Equity Multiple2.1x
Hold Period5 years
Total Equity$6,500,000
Total Cost$27,400,000
Villages of Lake Jackson
Proj. Gross IRR19.4%
Equity Multiple2.1x
Hold Period5 years
Total Equity$6,000,000
Total Cost$22,700,000
Magnolias at Chesterfield
Proj. Gross IRR23.9%
Equity Multiple2.7x
Hold Period5 years
Total Equity$2,700,000
Total Cost$6,200,000
The Village at Southlake
Proj. Gross IRR19.8%
Equity Multiple2.1x
Hold Period5 years
Total Equity$3,600,000
Total Cost$13,700,000
Windsong at Eola Hills
Proj. Gross IRR25.0%
Equity Multiple2.8x
Hold Period5 years
Total Equity$3,557,000
Total Cost$7,114,000
PE JV Portfolio
Multifamily Value-Add Portfolio
Gross IRR59.6%
Equity Multiple1.7x
Hold Period1.5 years
Total Equity$121,400,000
Total Cost$489,000,000
Elan
Multifamily
Value-Add
Value-Add
Austin, TX
Gross IRR14.1%
Equity Multiple1.9x
Hold Period5.5 years
Total Equity$10,300,000
Total Cost$24,700,000
Carrington Park
Multifamily
Value-Add
Value-Add
Raleigh, NC
Gross IRR13.3%
Equity Multiple1.7x
Hold Period3.9 years
Total Equity$12,800,000
Total Cost$32,300,000
Parmer Place
Multifamily
Value-Add
Value-Add
Austin, TX
Gross IRR17.5%
Equity Multiple2.1x
Hold Period4.6 years
Total Equity$10,800,000
Total Cost$32,500,000
Apex 5510
Multifamily Development
Boulder, CO
Gross IRR35.0%
Equity Multiple3.3x
Hold Period3.8 years
Total Equity$5,000,000
Total Cost$47,000,000
Trails of Sanger
Multifamily
Value-Add
Value-Add
Sanger, TX
Gross IRR30.3%
Equity Multiple2.1x
Hold Period3 years
Total Equity$6,260,000
Total Cost$16,280,000
Mira Loma
Multifamily
Value-Add
Value-Add
San Antonio, TX
Gross IRR24.7%
Equity Multiple2.3x
Hold Period4.4 years
Total Equity$8,200,000
Total Cost$33,200,000
Summit Ridge
Multifamily
Value-Add
Value-Add
Denver, CO
Gross IRR16.7%
Equity Multiple1.6x
Hold Period3.9 years
Total Equity$16,500,000
Total Cost$34,600,000
Melograno at Teravista
Multifamily
Value-Add
Value-Add
Austin, TX
Gross IRR17.6%
Equity Multiple1.9x
Hold Period4.6 years
Total Equity$8,300,000
Total Proj. Cost$26,300,000
Woodland Hills
Multifamily
Value-Add
Value-Add
Houston, TX
Gross IRR20.6%
Equity Multiple2.0x
Hold Period5 years
Total Equity$5,600,000
Total Cost$18,400,000
Enclave at Woodbridge
Multifamily
Value-Add
Value-Add
Houston, TX
Gross IRR30.6%
Equity Multiple1.9x
Hold Period3.6 years
Total Equity$14,500,000
Total Cost$31,500,000
Parkside
Multifamily
Value-Add
Value-Add
Gresham, OR
Gross IRR22.6%
Equity Multiple1.9x
Hold Period3.2 years
Total Equity$7,600,000
Total Cost$17,400,000
415
Multifamily
Value-Add
Value-Add
Evanston, IL
Gross IRR18.5%
Equity Multiple2.3x
Hold Period5 years
Total Equity$10,900,000
Total Cost$30,300,000
Villas at Mira Loma
Multifamily Development
San Antonio, TX
Gross IRR27.8%
Equity Multiple2.3x
Hold Period4.2 years
Total Equity$11,100,000
Total Cost$21,600,000
Bent Tree Portfolio
Multifamily
Value-Add
Value-Add
Dallas, TX
Gross IRR16.4%
Equity Multiple1.8x
Hold Period4.3 years
Total Equity$13,200,000
Total Cost$35,000,000